In this section, unless otherwise stated, references to "Company" or to "we", "us" and "our" refers to Mehai Technology Limited. Unless otherwise stated or the context otherwise requires, the financial information used in this section is derived from our Restated Financial Statements.

Our Company was incorporated by Mr. Sudhir Ostwal and Ms. Shalini Jain under the provisions of the Companies Act, 1956 vide certificate of incorporation dated December 13, 2013 issued by Registrar of Companies, Chennai, Tamil Nadu. The name of our Company has been changed to Mehai Technology Limited pursuant to conversion into a public company vide Shareholders‘ approval on June 12, 2017 and fresh certificate of incorporation dated June 29, 2017.

Our Company was incorporated in 2013 and in 2014, we commenced manufacture of LED Bulbs and Fixtures. In 2015 we commenced manufacturing of Moon Light Bulbs and tubelights. Subsequently, in 2015 we progressed into assembling of Pendrive and Power Bank. The most recent segment that we have re-entered into is the assembling of Power Bank. We believe that we have continuously diversified our product portfolio to keep pace with changing consumer trends and development in technology.

Our Company is having its registered office at 64, Thatha Muthiappan Street, 2nd Floor, Broadway, Chennai – 600001, Tamil Nadu, India. Today our Company is growing at a fast pace in providing LED Bulbs thereof in relation to a specific space. Our Company is prepared and equipped with resources and operational capabilities to serve ever growing needs of the market. Further, marketing plays a crucial role in our business and forms part of our core strength. Our goal is to build relationships through our flexibility to meet customer specific needs. We constantly make an effort to add more value to our products thereby providing ultimate customer satisfaction.

Our top management always lays emphasis on core strength and policies that focus on technology and great deliverance. With a passion to set high standards of our products, the management has always taken all measures to scale up as and when required only to deliver the best. We work diligently and have a wide range of equipment to carter to every need and to reach the client sensitivity and centricity.

Our top management always lays emphasis on core strength and policies that focus on technology and great deliverance. With a passion to set high standards of our products, the management has always taken all measures to scale up as and when required only to deliver the best. We work diligently and have a wide range of equipment to carter to every need and to reach the client sensitivity and centricity.

We are in process of launching IC based LED bulbs, this will place our brand amongst reputed LED lighting manufacturers. The new development of 6W Downlight, which is a good product for sale in retails market, will soon be completed. The research launching Street lights is also going on, with an outlook to develop our own drivers and PCB, Import good quality street light housing. We shall introduce new models in Aluminium housing for LED tubes, which will be powder coated for better looks and will be placed under same price brackets as the plastic housing tube lights which is currently being sold in market. Thus we hope to capture a much bigger market share as compared to present times.

Currently we are engaged in Trading / Assembly of USB Pen drives, we are in process of us being able to manufacture USB pen drives. The core design including PCB and components is in almost final stages of finalisation with an anticipation to start in house manufacturing of USB pen drives.

Experienced Management and Motivated Team

We believe that, leadership is the result of team work allowing issues and ideas to be developed, widening our competitive advantage. We have grown steadily under the vision, leadership and guidance of our promoters, Mr. Sudhir Ostwal and Ms. Shalini Jain. Our promoters have played a key role in developing our business and we benefit from their industry expertise, vision and leadership. Also, our Company is managed by a team of experienced personnel. The team comprises of personnel having technical, operational and business development experience. We believe that our management team‘s experience and their understanding of the industry will enable us to continue to take advantage of both current and future market opportunities.

Relations with our Clients and Suppliers

Our dedicated and focused approach has helped us build relationships over a number of years with our customers and suppliers. We bag and place repetitive order with our customers as well as with our suppliers, which facilitates efficient and timely delivery of products to our clients. For us, establishing mutually beneficial long-term relationships with strategic supplier relationship management is a critical step in improving performance across the supply chain, generating greater cost efficiency and enabling the business to grow and develop.

Range of Product Offerings

The Company offers a range of Bulbs which includes LED Bulb, Night Lamp, Tubelights, Pendrives and Mobile power bank. The range of Products that Company offers makes the Company a complete solution provider for all kind of retail lightings.

Expanding product portfolio

Our Company is planning to direct its efforts towards expanding its product segment to serve end users. We also plan to add new products and adding varieties for existing product range.

Invest in infrastructure and technology

Our Company believes in making investments for continuously achieving higher levels of excellence in its products and implement dynamic and diverse specifications of our customers. We have invested significantly in equipping our manufacturing facilities with the latest and specialized infrastructure and modern technology. We want to continue to work towards the upgradation and modernization of our infrastructure and technology.

Improving operational efficiency

Improving operational efficiencies is the key to success of any business. Our Company intends to improve efficiencies to achieve cost reductions so that they can be competitive. We believe that this can be done through domestic presence and economies of scale. Increasing our penetration in existing regions will enable us to penetrate into new catchment areas within these regions. As a result of these measures, our Company will be able to increase its market share and profitability

Continue to develop customer relationships

We plan to grow our business primarily by increasing the number of customers, as we believe that increased customer relationships will add stability to our business. We seek to build on existing relationships and also focus on bringing into our portfolio more customers. Our Company believes that our business is a by-product of relationship. Our Company believes that a long-term customer relationship with large clients fetches better dividends. Long-term relations are built on trust and continuous meeting with the requirements of the customers.

Tapping the customers

This is a continuous process in our organization and the skill that we impart in our people is to give satisfaction to customers. We aim to do this by leveraging our marketing skills and relationships and further enhancing customer satisfaction. We intend to increase our client base by meeting orders in hand on time, maintaining customer relationship and renewing our relationship with existing buyers.