The share of the company, which is primarily engaged in the distribution of mobile handsets of reputed brands like Nokia and Samsung, came into focus today after its announcement of a JV with Nothing.
With a market capitalization of Rs 6,387 crore, Optiemus Infracom Lt’s share on Tuesday made a day high of Rs 708.40 per share, up by 20 percent, hitting the upper circuit in the day’s trade from its previous close of Rs 590.35 per share. The stock of the company gave a return of 7.34 percent over the last year.
Joint Ventures With CMF of Nothing
Optiemus Infracom has entered into a binding term sheet with Nothing Electronics to establish a joint venture for the commercialisation and sale of CMF products, including smartphones and their components. The proposed JV will be formed subject to fulfilment of conditions precedent, necessary approvals, and execution of definitive agreements.
Under the proposed structure, Optiemus will initially acquire 51.1 percent of the equity share capital of the JV at face value, making it the majority shareholder. Optiemus and Nothing will each initially appoint one director to the board of the proposed JV, subject to the execution of definitive agreements.
What is CMF: CMF is a consumer technology brand founded by Nothing in 2023. It sells smartphones and other consumer technology products across more than 40 countries. In India, CMF’s smartphone volumes grew 83 percent year-on-year in 2025.
Key Details
Majority ownership: Optiemus will initially acquire 51.1 percent of the proposed JV, making it the majority shareholder. The company will acquire the stake at face value, subject to fulfilment of conditions precedent and execution of definitive agreements.
CMF smartphones: The proposed JV will focus on the commercialisation and sale of CMF products, including mobile phones and their subassemblies and components. CMF is a consumer technology brand founded by Nothing and currently sells products across more than 40 countries.
End-to-end R&D in India: The partnership aims to develop smartphone R&D capabilities in India across industrial design, mechanical engineering, camera engineering, software, connectivity, and component engineering. The plan is to develop and engineer products in India rather than only assembling them locally.
Expanding existing partnership: The proposed JV builds on the manufacturing partnership announced by Nothing and Optiemus in September 2025, which established India as a production hub for Nothing and CMF products. The expanded partnership will bring manufacturing, ownership and R&D under the proposed Indian entity.
How Will Optiemus Infracom Engage?
Optiemus will work with Nothing to develop end-to-end smartphone R&D capabilities in India through CMF. The partnership will cover six areas, including industrial design, mechanical engineering, camera engineering, software, connectivity and component engineering.
This means the partnership will involve more than just assembling smartphones. It will cover designing the phone, developing its hardware and camera systems, building software, improving connectivity and working with suppliers to develop and test key components. The intellectual property generated through these activities is also planned to be held locally in India
Management Commentary
Ashok Gupta, Executive Chairman of Optiemus, said the company’s focus is moving beyond manufacturing towards building technology, R&D, intellectual property and design capabilities in India. He added that CMF, backed by Optiemus’s manufacturing expertise, can help build these capabilities and increase value addition in the country.
Carl Pei, CEO of Nothing, said the partnership aims to use India’s engineering talent, manufacturing capabilities, and growing electronics ecosystem to build full-stack smartphone R&D capabilities through CMF, with products designed and developed in India for global markets.
About the Company
Optiemus Infracom Ltd. is an Indian technology, manufacturing, and distribution company incorporated in 1993 and headquartered in Noida, Uttar Pradesh. The company is publicly listed and operates across mobile handset and accessories distribution, along with Electronic Manufacturing Services (EMS) and original design manufacturing through subsidiaries such as Optiemus Electronics Ltd.
Financial Highlight: Revenue increased to Rs 883 crore in Q1 FY27 from Rs 435 crore in Q1 FY26, registering a 103 percent growth YoY. EBITDA increased to Rs 30.2 crore in Q1 FY27 from Rs 26.8 crore in Q1 FY26, up 13 percent YoY. Net profit increased to Rs 21.2 crore in Q1 FY27 from Rs 14.5 crore in Q1 FY26, up 46 percent YoY. EPS stood at Rs 2.39 in Q1 FY27 compared with Rs 1.67 in Q1 FY26, up 43 percent YoY.