MAXPOSURE - Maxposure
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents, though the company secured high-impact government institutional projects and aviation CGI projects for 150 aircraft.
Geographic Revenue Split
Revenue is generated from India (Bluebird Advertising), the United Kingdom (Neutral Digital), and the Middle East (FlyDubai project).
Capital Expenditure
The company utilized INR 1.99 Cr (79.89% of modified allotment) for FAA/EASA certifications and INR 5.67 Cr (72.38% of modified allotment) for working capital and manufacturing.
Credit Rating & Borrowing
The company repaid INR 0.95 Cr (100% of modified allotment) of outstanding borrowings using IPO proceeds to reduce interest costs.
Operational Drivers
Raw Materials
Electronic components for Wireless Streaming Servers (AeroHub) and materials for Patented Inviseo tray tables.
Capacity Expansion
Not disclosed in available documents, but INR 7.84 Cr was allotted for manufacturing working capital.
Strategic Growth
Growth Strategy
Growth is driven by the commercialization of patented aviation hardware (AeroHub/Inviseo) following FAA/EASA certifications, expansion of the CGI/3D visualization business via Neutral Digital (e.g., FlyDubai project), and securing high-impact government advertising contracts through Bluebird Advertising (e.g., CFMTTI).
Products & Services
Wireless Streaming Servers (AeroHub), Patented Inviseo tray tables, photorealistic CGI aircraft visuals, and integrated advertising campaigns (print, radio, OOH, digital).
Brand Portfolio
Maxposure, Bluebird Advertising, Neutral Digital, AeroHub, Inviseo.
New Products/Services
AeroHub Wireless Streaming Server and Patented Inviseo tray table are the primary new product launches.
Market Expansion
Targeting the global aviation market through UK-based Neutral Digital and expanding PAN-India government advertising presence.
Strategic Alliances
Project-based collaboration with FlyDubai and Airbus for photorealistic CGI aircraft visuals.
External Factors
Industry Trends
Growing demand for immersive digital content and photorealistic CGI in the aviation sector, as evidenced by FlyDubai's 150-aircraft fleet expansion project.
Competitive Landscape
The company competes in niche aviation technology and specialized government institutional advertising.
Competitive Moat
Moat is sustained by patents for the Inviseo tray table and the high entry barriers created by mandatory FAA/EASA aviation safety certifications.
Macro Economic Sensitivity
Sensitivity to global aviation industry health and government advertising budgets.
Consumer Behavior
Shift toward digital and immersive in-flight entertainment experiences driving demand for streaming servers.
Geopolitical Risks
Trade barriers affecting the export/import of aviation hardware and international service agreements.
Regulatory & Governance
Industry Regulations
Mandatory compliance with Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) standards for all aircraft-installed hardware.
Risk Analysis
Key Uncertainties
The primary uncertainty is the timeline for FAA/EASA certifications; as of Sept 2025, INR 50.28 Lakhs remains unutilized for this objective.
Geographic Concentration Risk
Significant operations concentrated in India and the United Kingdom.
Third Party Dependencies
High dependency on international aviation regulators for product approvals.
Technology Obsolescence Risk
Risk of wireless streaming technology being superseded by direct satellite-to-device connectivity in aircraft.
Credit & Counterparty Risk
Exposure to government payment cycles for institutional advertising projects.