Newjaisa Technologies Ltd - Stock Valuation and Financial Performance

Newjaisa Technologies was originally incorporated as private limited company under the Companies Act, 2013 in name and style of ‘Newjaisa Technologies Private Limited’, pursuant to a certificate of incorporation dated June 16, 2020 issued by the Registrar of Companies, Central Registration Centre and commenced its business on December 18, 2020. Subsequently, the company was converted into public limited company pursuant to shareholders resolution passed at an EGM held on May 04, 2023 and name of the company was changed from ‘Newjaisa Technologies Private Limited’ to ‘Newjaisa Technologies Limited’, and a fresh certificate of incorporation dated June 27, 2023 was issued by the Registrar of Companies, Bangalore, Karnataka. 

Newjaisa Technologies is a Technology driven Direct to consumer refurbished IT Electronics Company providing quality refurbished electronics at significant discount as compared to new products. Its goal is to provide bestin-class, refurbished electronics at affordable prices. Its business model encompasses end to end reverse supply chain for IT assets. It involves procuring used IT assets (laptops, desktops and peripherals), refurbishing them to as close to new computer condition, and selling them directly to end use customers - businesses or retail. Currently the company is engaged into direct sales of IT Products i.e Laptops/ Chromebooks, Desktops/Chromeboxes/ Monitors and Accessories (Keyboard, Mouse, WiFi, Speakers) which is its key revenue model.

The company’s key goal is to reduce e-waste, by life extension of IT assets and to deliver High quality computing devices to end customer in as good as new condition, with warranty at affordable prices. The company currently is focused and operates in Indian market and cater to its Pan India customer base via ecommerce and its online platforms and caters its products across industries. The four key customer segments for it include students, home users, SME and working professionals.

The company’s business is helping it to reduce growing e-waste problem on one hand and, at same time, help serve large underserved Indian population that currently has low personal computing ownership, by delivering quality product at very affordable prices with service guarantee via its warranties. The company is solving complex problem of refurbishing multiple brand and models with in-determinant issues in various components by building technology driven pre-operatory refurbishing processes and infrastructure. This is helping it to deliver output at scale and importantly, quality and restoration of product to as good as new condition. The company’s Online first approach is helping it to cater and scale to Pan India customer base without high distribution and inventory overheads. It helps the company to also service customer faster and economically.

Business area of the company

The company is a Technology driven Direct to consumer refurbished IT Electronics Company providing quality refurbished electronics at significant discount as compared to new products.

Products of the company 

• Laptops/ Chromebooks
• Desktops/ Chromeboxes/ Monitors
• Accessories (Keyboard, Mouse, WiFi, Speakers)

History and milestones 

• 2020: Incorporation of the company with name ‘Newjaisa Technologies Private Limited’.
• 2020: Listed on Amazon/Flipkart and partnered with regional reseller and became Amazon preferred partner.
• 2021: The revenue of the Company was increased to Rs 960.67 lakh.
• 2021: Break-even achieved in the first year with 7.6% PAT margin.
• 2022: The revenue of the Company was increased to Rs 2,791.90 lakh.
• 2023: The revenue of the Company was increased to Rs 4,452.98 lakh.
• 2023: Private Equity Investment in the company by Negen Tech Opportunities Angel Fund (Category I Alternate Investment Fund).
• 2023: Team Size grew to 99 employees and 248 Interns.
• 2023: Conversion of the company from private to public i.e. from ‘Newjaisa Technologies Private Limited’ to ‘Newjaisa Technologies Limited’.