Leading Manufacturing Companies – Panasonic India

Panasonic in India is on a growth trajectory with a revenue target of Rs 11,000 crore in FY 17-18. The company is in the process of shifting its focus from being a hardware to a solutions-based company.
In line with this strategy, the enterprise business will be a key focus area for 2018, while they are also aiming to maximise revenues from B2B in the next five years. Meanwhile, the appliances business comprising of ACs, TVs, washing machines, microwave ovens etc. continues to be the leading contributor to business revenues, even as they continue to offer innovation through their smartphones range.  
Strategically, Panasonic India is focusing significantly on R&D to develop India as the hub for innovation for the corporation. Aligned with new-age technologies such as IoT, AI and robotics, Panasonic has established an R&D centre in collaboration with Tata ELXSI, and an Indian Innovation Centre (IIC) in association with TCS, both in Bengaluru. “This fiscal year, we launched two AI-based smartphones, powered with an AI assistant called Arbo,” declares Sharma.
As far as his role as the head of the company goes, Sharma is of the opinion that, “In this dynamically evolving environment, a leader must adapt and learn with new-age technologies and the new-age consumers.” He believes that a CEO should not only be well-equipped to understand the technology at hand, but must take a rational decision if the tech-offering is the right fit for the organisation.