About Wol 3D India Limited

WOL 3D INDIA LIMITED is engaged in the business of providing 3D Printing solutions enabling easier prototyping finding its application in various sectors like manufacturing, education, engineering, architecture, interior designing, fashion designing, product designing, medical, dental etc. They are a 3D Printing Solutions Company aimed at bridging gap between ideation and manufacturing by providing high quality and cost-effective 3D Printing solutions with cutting edge technology. Their portfolio of offerings includes (i) Hardwares like: 3D printers, 3D Scanners, Laser Engravers and 3D pens (ii) Consumables like: 3D Filaments, 3D Resins, (iii) 3D Prototyping services and (iv) Other services. 3D Printing is used for additive manufacturing (AM) which is a computer-controlled process that creates three dimensional objects by depositing materials, usually in layers. 3D-printing allows materials to be created without joints and with minimal post-processing. Multiple materials can be used during this process, which makes it easy to create new products with minimal waste and lower materials costs.

Expanding their operations towards back integration, they also manufacture 3D filaments used in additive manufacturing process. They manufacture these thermoplastic filaments used in 3D printers made from Acrylonitrile Butadiene Styrene (ABS) and Polylactic Acid (PLA) plastic. Their range of products are offered at different pricing points to meet diverse customer requirements. Additionally, they design, develop, manufacture, and sell a wide range of aesthetic products made out of 3D Printing technology. They also provide Prototyping services using FDM, SLA and SLS technology. Their prototyping solutions include services through (i) CAD/CAM moddel, (ii) Reverse Engineering and (iii) Vacuum casting. 

Over the years they have expanded their operations through their branch offices and franchisee agreements. They have their 4 branch offices located in Delhi, Hyderabad, Bangalore and Mumbai and 5 franchisee offices located in Pune, Chennai, Coimbatore, Rajkot and Nagarcoil. Their products are largely sold through their experience centres or are sold online through e-commerce platforms such as Flipkart India Private Limited, Jiomart, Firstcry, Indiamart, Snapdeal, Moglix and Amazon Seller Services Private Limited or through retail chains outlets like CROMA and Crosswords. Their company was aired on Shark Tank India in year 2023, which gathered recognition and awareness of their products and its application. 

ADDITIVE MANUFACTURING INDUSTRY
Additive Manufacturing (AM), also known as 3D printing, is the process of manufacturing an object, layer by layer. It differs from the traditional subtractive manufacturing techniques involving cutting large blocks of material to form the desired object. AM has the potential to transform manufacturing due to design freedom, shape optimisation potential, reduced time-to-market, ease of making changes and low capex requirements. Furthermore, AM plays a key role in bringing about Industrial Revolution 4.0. 

India has an excellent opportunity as the world begins to adopt AM techniques. Additive manufacturing development and adoption can help India in become a leading manufacturing hub. To achieve this, the Ministry of Electronics and Information Technology (MeitY) formulated the ‘National Strategy on Additive Manufacturing’. The strategy aims to increase India’s share in global AM to 5% in the next three years. Meity estimates that AM can add US$ 1 billion to India’s GDP by that time.

Additive Manufacturing is ushering the world into an Industrial Revolution 4.0, offering immense potential that could revolutionize India's manufacturing and industrial production landscape through digital processes, communication, imaging, architecture and engineering that provide digital flexibility and efficiency. Valued above US$ 7 billion1 in 2017, the industry is growing rapidly, and is expected to be at USD 35.6 billion by 2023. As countries and companies choose to diversify and recalibrate their supply chains, thus restructuring the global manufacturing order, India is also facing generational opportunity to strengthen its value proposition and realign its global positioning. A strategic effort is, therefore, required to develop indigenous technological capabilities, as also, fully tap and leverage the potential opportunities of the Fourth Industrial Revolution. Collective focus on Additive Manufacturing can immensely augment India's efforts to position itself as Manufacturing Hub of the world. Globally, Governments are closely evaluating the impact of AM technologies on their economies, skills and capability development; and thus developing their National Manufacturing Strategies. In this backdrop, National Strategy on Additive Manufacturing is extremely pertinent to aspire for India's Manufacturing Value Add to 1Trillion USO per annum. 

This strategy document has been formulated to promote all sub-sectors, such as, machines, materials, software and design within the Additive Manufacturing. It will further accelerate the adoption of untapped potential business opportunities, and strengthen execution of recommendations laid in the National Electronics Policy,2019.

Additive Manufacturing technologies are essentially classified into virtual and physical models. The virtual model represents computational models and applications for simulation and optimization. The physical model represents threedimensional virtual design models that are then speedily fabricated into a physical object. This process is known as rapid prototyping

The Additive Manufacturing process begins with a software programme used to design a digital model for prototyping a physical object, a process referred to as Computer Aided Design. A digital model may also be created through reverse engineering using a 3D scanner. The validation of the technical and commercial feasibility of producing components at preproduction volumes is allowed under AM. Related simulations tools along with production planning are used to capture the shape distortion in the building of a component so geometric adjustments are understood in advance; to find the melt pool dynamic and residual stress state in the ready component which can be disastrous to its load carrying capacity; to improve the building sequence and/or energy deposition in order to improve the state of the component.

To keep pace with rapid global manufacturing prowess, India needs to adopt an integrated approach to additive manufacturing in all segments including defence and public sectors, especially within the nation's small, medium and largescale industries. The National Strategy on Additive manufacturing (AM) will aim to create a conducive ecosystem for design, development and deployment, and to overcome technical and economic barriers for Global AM leaders to set up their operations with supporting ancillaries in India, facilitating development of the domestic market and enhancement of global market share. It will also seek to encourage and promote local manufacturers to seamlessly adopt this emerging technology, creating a support base for foreign companies. Attempts will be made to bring together industry, academia, Government and user organizations on a single platform for information exchange on national priorities, latest innovation and research outcomes, international standards etc., ensuring India optimises the benefits from the commercialization of Additive manufacturing (AM) technologies.

Additive manufacturing (AM) is the digital revolution of industrial production that embraces innovation in digital processes, communications, imaging, architecture and engineering to provide digital flexibility and efficiency to manufacturing operations. The computer-aided-design (CAD) software data is used directly to the hardware under this technology to deposit material layer upon layer in precise geometric shapes. Presently, digital Technology involves CADs to make products using subtractive processes. Future of digital manufacturing will use additive processes, which can sustain agile environment in mass production of hi-tech products and to reduce significant process wastes.

Ministry of Electronics and Information Technology (MeitY), being a nodal agency for Digital Technology, has evolved a strategy to promote all the verticals of the AM sector, including machines, materials, software and designs to leverage the untapped business opportunities in this emerging technology that will unfold in the near future.

AM is among the most revolutionary scientific innovations & discoveries. It enables access to cost-effective and flexible manufacturing and designing techniques. It is a boon for small businesses as they can adapt to the changing demand environment due to simplified supply chains and grow faster through innovation and product differentiation. The National Strategy on AM is thus crucial in helping the Indian industry remain competitive. The strategy aims to create an ecosystem comprising 100 start-ups, 1 lakh new skilled manpower, 10 AM sectors and 50 AM products and technologies. It also aims to create an ecosystem for adopting the latest developments. The PPP model will help procure the best of private and public resources. India is currently a nascent market for AM and, given the strategy, has immense potential to become a world leader in revolutionising manufacturing with AM.

WOL 3D INDIA LIMITED COMPETITIVE STRENGTHS
1. Established 3D Printing Ecosystem
2. Widespread, well connected distribution network with a presence across multiple cities, retail channels and online ecommerce platforms.
3. Dedicated after-sales network
4. Established filament manufacturing capability for efficient backward integration
5. Consistent focus on quality
6. Experienced Promoter and management team

WOL 3D INDIA LIMITED STRATEGIES
1. Increase their geographical reach and expansion of addressable market
2. Scale up branding, promotional and digital activities
3. Continue to strengthen their existing product portfolio.
4. Continue to expand their manufacturing facility and invest in additional plant and machinery and increase backward integration in the plant
5. Continue to strive for cost efficiency

WOL 3D INDIA LIMITED RISK FACTORS & CONERNS
1. They are authorized distributors for International 3D Printer brands in India and such authorizations are usually valid for a limited period.
2. They are susceptible to supply shortages and interruptions, long lead times, and price fluctuations for imported hardware and raw materials used for manufacturing filaments.
3. They are heavily reliant on their relationships with certain online marketplaces.
4. They are dependant on their manufacturing facility for manufacturing of filaments.
5. Excessive dependence on IDFC Bank Limited in respect of Loan facilities obtained by the Company.