Tonbo Imaging India IPO

Tonbo Imaging India Limited – Company Overview

• Incorporated in December 2003, Tonbo Imaging India Limited is a global defence electronics original equipment manufacturer (OEM) engaged in the design, development and manufacturing of advanced electro-optic, infrared (EO/IR), embedded vision, communication, guidance and surveillance systems for defence and security applications.
• The Company offers a diversified portfolio of battlefield solutions, including thermal imaging systems, weapon sights, missile seekers, fire control systems, missile guidance systems, targeting systems and handheld thermal imaging devices.
• Product Portfolio:
  • Tactical Systems: Focus on imaging, surveillance, reconnaissance and targeting functions.
  • Platform Systems: Include subsystems providing observation and fire control capabilities to aerial, ground and weapon platforms, as well as end platforms designed to perform threat neutralisation.
  • Directed Energy Systems: The Company has developed technology components for a high-power microwave (HPM) platform under the brand name WaveStrike, designed to counter threats from drone swarms.
• The Company serves defence and security organisations across 24 countries, with over 28,000 systems deployed in the field.
• Tonbo is India's largest manufacturer of thermal imaging systems for government and defence agencies for FY24–FY26 and the country's largest exporter of thermal imaging systems by volume.
• The Company's products are developed using fully owned intellectual property and are free from International Traffic in Arms Regulations (ITAR) restrictions, supporting exports to global markets.
• The Company operates an innovation-driven business model supported by in-house R&D, proprietary technologies and advanced manufacturing capabilities.
• As an approved supplier under India's Indigenously Designed, Developed and Manufactured (IDDM) defence procurement framework, Tonbo supports the Government's Make in India and Atmanirbhar Bharat initiatives.
• As of June 30, 2026, the Company had 339 permanent employees across product design and development, manufacturing, project management, sales, finance, HR and management functions.

• Leading defence electronics OEM with proprietary electro-optic and thermal imaging technologies.
• Strong in-house R&D capabilities with complete ownership of core intellectual property.
• Diversified portfolio of battlefield surveillance, targeting, guidance, and imaging solutions.
• Global presence with 28,000+ deployed systems across 24 countries and ITAR-free export capability.
• Asset-light, innovation-driven business model supported by healthy financial performance.
• Experienced management team with deep expertise in defence technology and product development.