A market leader is a company that has the largest market share in a particular sector. A market leader is a product, brand, business, organisation, or group name that has the largest percentage of total sales revenue in a certain market. Market leaders control the market by influencing client loyalty, distribution, price, and so on. In a new market, the market leader frequently has a first-mover advantage.
Here are two companies that have a market share of 50 percent in the Indian Market.
Idea Forge Technology Ltd
IdeaForge Technology Limited is in the business of manufacturing Unmanned Aerial Systems (UAS).
With a market share of 50 percent in FY22, the company is the industry leader in the Indian Unmanned Aircraft Systems market. It has the biggest operational deployment of indigenous UAVs in India, with an ideaForge-built drone taking off every five minutes on average for surveillance and mapping.
On July 7, 2023. Idea Forge Technology Ltd shares were listed on the exchange at a premium of 94 percent at Rs 1,305 per share against the issue price of Rs 672.
The company belongs to the Small-cap category with a market capitalization of Rs 4,141 crores. On August 25, company shares were trading at Rs 993.20 apiece.
Recently, the Company received an order of Rs 88 crore from the Defence Ministry for the delivery of surveillance quadcopters with accessories.
The revenue of Ideaforge Technology Ltd has decreased slightly year on year, from Rs 99 crore in Q1FY23 to Rs 97 crore in Q1FY24. During the same time period, net profit fell by 54 percent, from Rs 41 crore to Rs 19 crore.
IKIO Lighting Ltd
IKIO Lightings is an integrated player providing original design manufacture (ODM) services in the LED lighting segment, such as LED lighting, Refrigeration lights, ABS piping, etc.
According to Frost & Sullivan, IKIO Lighting has a 50 percent market share in the functional decorative lighting category in India and a 10 percent market share in the true-blue decorative lighting sector. And LED lighting accounts for 87 percent of the company’s total sales.
IKIO’s export revenue has increased 5.4x in the previous four years, despite a low starting point and new customer acquisitions. The number of SKUs in the firm has grown from 225 in FY18 to 753 in 9MFY23.
The company belongs to the Small-cap category with a market capitalization of Rs 2,890 crores. On August 25, company shares were trading at Rs 373.75 apiece.
On July 16, 2023. Ikio Lighting Ltd shares were listed on the exchange at a premium of 37.7 percent at Rs 392.50 per share against the issue price of Rs 285.
Ikio Lighting Ltd’s revenue has increased by 120 percent yearly, from Rs 49 crore in Q1FY23 to Rs 108 crore in Q1FY24. During the same period, net profit increased by 133 percent, from Rs 6 crore to Rs 14 crore.
Written by Omkar Chitnis
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