Optiemus Infracom Limited announced on Wednesday that its Operations & Administration Committee has approved the incorporation of a new joint venture and subsidiary company — The Factory Private Limited (TFPL) — marking a major step in its strategic partnership with Nothing, the UK-based consumer technology brand.
According to the company’s filing with the BSE and NSE, The Factory Private Limited will focus on the manufacturing of electronic products, including consumer electronics, industrial electronics, communication devices, embedded systems, IoT products, and other smart electronic solutions.
As per the regulatory filing, Optiemus Infracom will hold a 65% stake in the joint venture, subscribing to 65,000 equity shares of TFPL at a face value of Rs 10 per share. The initial paid-up capital of the company is set at Rs 1,00,000, comprising 10,000 equity shares at Rs 10 each.
The meeting to approve the formation of the joint venture was held on October 29, 2025, and concluded at 4:17 PM, as disclosed by Vikas Chandra, Company Secretary & Compliance Officer.
This move comes shortly after Optiemus signed a binding term sheet with Nothing in September 2025 to strengthen its presence in the electronics manufacturing space, aligning with India’s growing “Make in India” initiative.
The collaboration is expected to boost domestic manufacturing capabilities and enhance India’s position as a hub for next-generation smart devices.
Disclaimer: The information provided is based on official stock exchange filings and is for informational purposes only. It should not be considered financial or investment advice.
