Optiemus Infracom Limited (OIL) announced on Thursday that its Operations & Administration Committee has approved the incorporation of a wholly owned subsidiary, named XO Ventures Private Limited (XVPL).
According to a regulatory filing with the stock exchanges, the new entity will be engaged in the manufacturing, market development, and sales of electronic products, smart enterprise hardware, and integrated industrial solutions. The decision aligns with Optiemus’ ongoing strategy to strengthen its footprint in India’s electronics manufacturing ecosystem and capitalize on the growing demand for smart technology infrastructure.
The company stated that XO Ventures will be incorporated in India, with Optiemus Infracom subscribing to 100% of its equity shares at a face value of Rs 10 per share, making it a wholly owned subsidiary. The incorporation will be funded through cash consideration, and no regulatory approvals are required for the process.
The Board meeting to approve the proposal was held on October 9, 2025, and concluded at 12:22 PM, as per the company’s filing.
Optiemus Infracom, known for its role in India’s electronics and smartphone manufacturing space, continues to diversify its operations across hardware manufacturing and smart enterprise solutions, leveraging its Make-in-India capabilities to meet domestic and global demand.
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