C2C Advanced Systems Limited specializes in vertically integrated defense electronics solutions for air, sea, and land defense platforms. The company develops proprietary software-driven systems and sub-systems, leveraging AI/ML, big data analytics, IIOT, and embedded systems. Its offerings include mission-critical defense applications, digital transformation products, and dual-use solutions for Industry 4.0.
C2C Advanced Systems Ltd was initially incorporated as C2C - DB Systems Private Limited on February 21, 2018. The company's name was subsequently changed to C2C Advanced Systems Private Limited on May 12, 2022. It transitioned to a Public Limited Company on December 22, 2023, and is now known as "C2C Advanced Systems Limited."
The company operates in the private sector, providing IT-enabled services and supplying related equipment. It specializes in delivering bespoke software, hardware, and firmware solutions driven by its own Intellectual Property and third-party partnerships. Its core competencies encompass:
- Hardware design and development
- Software design and development
- Firmware design and development
- Mechanical design and development
- Product prototype design and development
- Functional testing and validation
- Environmental testing and verification
- Engineering services opportunities
Its key expertise includes C4I systems for effective situational awareness and decision support, artificial intelligence (AI)/machine learning (ML) based big data analytics, enterprise integration of real-time data from industrial internet of things (IIOT), and embedded/field programmable gate arrays (FPGA) designs. Their intelligent platforms enable operationalization and provide data analytics to ensure efficient situational awareness and command and control.
C2C Advanced Systems has significantly forayed into the Defense Sector, notably delivering Combat Management Systems (CMS) for two Malaysian Naval Frigate Ships. With over 5 years of experience and an employee strength of 107, the company has delivered battle-proven systems and intelligent decision support systems globally. In 2019, the company established an Experience Centre in Bengaluru.
The company's focus is on system integration and software development, rather than the manufacturing of metal or electronic components. A key architectural strength is enabling the upgrading of legacy platforms whose physical lifespan often exceeds that of their electronics or operating systems.
C2C Advanced Systems operates in a competitive landscape, with major competitors including Paras Defence & Space, Data Patterns (I), Astra Microwave Prod, and Bharat Dynamics. As of July 11, 2025, C2C Advanced Systems has a market capitalization of ₹1,017 Crore, while the median market cap of its peers is ₹12,690 Crore. Despite being smaller, C2C Advanced Systems appears financially stable compared to its immediate competitors, suggesting a lower probability of bankruptcy or financial crunch.
- July 9, 2025: C2C partners with Barnacle Systems for exclusive maritime security technology rights in India, Southeast Asia, and the Middle East.
- July 25, 2025: An Extraordinary General Meeting (EGM) is scheduled.
C2C Advanced Systems Limited has demonstrated strong financial growth. Between the financial year ending March 31, 2023, and March 31, 2024, the company's revenue increased by 412%, and its Profit After Tax (PAT) rose by 327%. As of March 31, 2023, the annual revenue was ₹8.05 Crore. The Trailing Twelve Months (TTM) profit after tax for C2C Advanced Systems Ltd was ₹12 Crore.
_(As of July 11, 2025)_
- Market Cap: ₹1,017 Crore
- Stock P/E: 35.2
- Book Value: ₹119
- ROCE (Return on Capital Employed): 26.1%
- ROE (Return on Equity): 21.0%
- Face Value: ₹10.0
- 52-week high share price: ₹954.00
- 52-week low share price: ₹250.15
C2C Advanced Systems Limited is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). It trades under the symbol `C2C` on the NSE and `93016` on the BSE.
Sector: Engineering
ISIN Code: INE0U7V01015
As of March 2025, the promoter holding in C2C Advanced Systems Ltd has decreased to 41.35%. The company exhibits a diverse shareholding pattern, with significant retail participation following its recent IPO listing.
The Initial Public Offering (IPO) for C2C Advanced Systems was open for bidding from November 22, 2024, to November 26, 2024. The bookbuilding issue amounted to ₹99.07 Crore, entirely comprising a fresh issue of 43.84 lakh shares. The IPO was positively received by investors, leading to a successful listing of the company on the stock exchanges.
The company continues to focus on expanding its defense electronics capabilities and strengthening its position in India's indigenous defense products industry. With its strong technical expertise and growing market presence, C2C Advanced Systems is well-positioned to capitalize on India's increasing emphasis on defense modernization and self-reliance.
