About Osel Devices Limited

Osel Devices is driven by a passion for innovation and a commitment to excellence. As a provider of technology solutions, Osel specializes in creating transformative products that empower individuals, businesses, and communities to thrive in a rapidly evolving digital world. The Company manufactures a comprehensive range of LED display systems and the latest hearing aids, including all major components, at their ultra-modern plant. Ösel’s manufacturing plant in Greater Noida was inaugurated by Ex-Union Minister Shri Pratap Sarangi.

They manufacture comprehensive range of LED display systems. They are equipped with software and hardware capabilities. Their LED display systems are enabled with content management system which allows it to connect to phone or computer and display on screen. Equipped with the latest technology and adhering to rigorous quality control standards, they produce a wide range of high-performance components and systems. The LED display systems manufactured by them have been used by corporate for commercial usage such as advertising media, billboards, corporate meeting rooms, presentations, display promotions, command control centre and front sign boards. They also manufacture latest hearing aids commonly known as assisted healthcare devices. Their hearing aids are designed to support individuals with disabilities, elderly person and chronic patients, who are having low hearing level, in performing everyday activities more effectively to enhance quality of life. Their major customer for hearing aids is Artificial Limbs Manufacturing Corporation of India. They manufacture Digital Programable and Non-Programmable Hearing Aids.

PREVENTIVE HEALTHCARE IN INDIA
Curative medicine has historically taken precedence over preventive treatment in India. However, as a result of the COVID-19 epidemic, preventive care has become increasingly crucial in India. A recent poll of more than 1,000 people revealed that at least 40% of respondents strongly preferred preventative health. NCDs have been the primary cause of mortality and suffering during the last three decades, accounting for 71% of global deaths. In 2019, India was responsible for 66% of all deaths. Furthermore, more than half of these deaths are caused by heart disease, cancer, chronic respiratory disorders, and diabetes. The economic burden of NCDs on India is anticipated to be over Rs. 511 lakh crore (US$ 6.2 trillion) by 2030. Overweight and obesity alone affect over 17% of our population, costing the country Rs. 2.8 lakh crore (US$ 35 billion) every year, or more than 1% of its GDP. 

The preventive healthcare sector, which includes exercise, wellness, foods and supplements, early diagnoses, and health tracking, is estimated to reach US$ 197 billion by 2025, growing at a CAGR of 22%. Healthcare startups in India have attracted investments totalling more than US$ 150 million. These start-ups are transforming healthcare delivery in categories such as nutrition, wellness, cancer, genomics, and others. In recent years, healthcare start-ups have revolutionised preventative care in areas such as nutrition, wellness, cancer, genetics, and much more. The necessity of the hour is to implement new technological developments to successfully supply high-quality healthcare to a billion people across India. Preventive care has undergone a revolution in terms of accuracy and speed due to technological disruption and New Age technologies like artificial intelligence (AI), machine learning (ML), and the IoT, especially in the wake of the pandemic. As part of its strategy to combat this epidemic, the Government has implemented several public health initiatives. The National Programme for the Prevention and Control of Cancer, Diabetes, Cardiovascular Disease, and Stroke (NPCDCS) raises awareness, establishes infrastructure (such as community health centres, NCD clinics, and cardiac care units), and conducts opportunistic screening at the primary health care level. There are also plans to reduce household consumption of solid fuels and tobacco smoking by 2025.

India is undergoing a rapid health shift. The transition from curative to preventative care is also predicted to benefit the Indian consumer, with improved health outcomes and cheaper healthcare expenses. 

Healthcare services are insufficient without preventive, promotional, and screening components. The advantages of prevention go beyond the management of chronic diseases and living longer lives. Preventive Health and Screening OPDs are critical in hospitals for mainstreaming health promotion and preventive healthcare. Investment in preventative healthcare minimises individual suffering, improves sickness outcomes, and significantly reduces the country's fiscal burden.

Healthcare in India
In the medical and healthcare fields, the terms "curative" and "preventive" refer to the two types of healthcare.

Curative Healthcare :
Its primary goal is the treatment of disease or the acceleration of the recovery from an impairment, accident, or illness. The goal is to resolve any ailment and return the patient to their pre-illness state of health. It covers basic medical interventions, such as the use of antibiotics to treat strep throat and other bacterial diseases. Chemotherapy treatments can be used to treat a variety of cancers. Curative healthcare, which will account for 64% of total healthcare spending in India in 2021-22, is expanding at an annual rate of 15%.

The basic goal of preventive healthcare is to prevent illness before it occurs. It is also called Prophylaxis. The philosophy underlying preventative healthcare is to protect, promote, and preserve one's health and well-being. It also tries to prevent sickness, disability, and mortality on an individual and community level. Preventive health involves the discovery and reduction of disease risk factors, the improvement of the course of an existing disease, and early disease detection through screening. Preventive healthcare is an important aspect in defining health since it comprises avoiding or postponing the start of a sickness, which is critical for a high quality of life. 

ELECTRONICS SYSTEM DESIGN & MANUFACTURING
The Electronics System Design & Manufacturing (ESDM) industry includes electronic hardware products and components relating to information technology (IT), office automation, telecom, consumer electronics, aviation, aerospace, defence, solar photovoltaic, nano electronics and medical electronics. The industry also includes design-related activities such as product designing, chip designing, Very Large-Scale Integration (VLSI), board designing and embedded systems. The Electronics System Design & Manufacturing (ESDM) market in India is anticipated to increase at a CAGR of 16.1% between 2019 and 2025, owing to strong demand, supportive government policies and increased digitalisation. The ESDM sector plays a key role in the government’s goal of generating US$ 1 trillion of economic value from the digital economy by 2025. India's digital media and entertainment industry, worth US$ 12 billion, is set to triple by 2030, as forecasted by Redseer. During AprilJanuary (2024), the exports of electronic goods were recorded at US$ 22.64 billion as compared to US$ 18.78 billion during same period. The demand for electronic products will rise to US$ 400 billion by 2025 from US$ 33 billion in FY20. India has a goal of producing 1 billion mobile handsets worth US$ 190 billion (Rs. 13,00,000 crore) by 2025, with 600 million handsets worth US$ 110 billion (Rs. 7 lakh crore) targeted for exports.

OSEL DEVICES LIMITED COMPETITIVE STRENGTHS
1. LED display system and hearing aids manufacturer with long standing market presence
2. Geographical presence
3. Quality Assurance and Quality Control of the products
4. Strong, cordial & long term relationship with their clients
5. Cost effective production and timely fulfilment of orders
6. Well experienced management team
7. Marque Customers

OSEL DEVICES LIMITED STRATEGIES
1. Market Penetration and Geographic Expansion
2. Embracing new technologies for Product Diversification and Innovation
3. Focus on their Quality Control
4. Marketing Strategy
5. Growing their business with existing clients with quality and efficient services
6. Reduction of operational costs and achieving efficiency

OSEL DEVICES LIMITED RISK FACTORS & CONCERNS
1. Their commercial success is largely dependent upon their ability to develop and design innovative products suitable for the requirements of their customers.
2. The Company is reliant on the demand from the healthcare industry for a significant portion of their revenue.
3. The commercial success of their products depends to a large extent on the success of the products of their end use customers.
4. They depend on a few customers of their products, for a significant portion of their revenue.
5. They generate their major portion of sales from their operations in certain geographical regions.
6. They import majority of their raw materials from China.
7. They may be unable to grow their business in additional geographic regions or international markets, which may adversely affect their business prospects and results of operations.