Laxmi Remote (India) celebrated its 25th year of operations. It has emerged as a leading OEM, ODM and EMS company, establishing itself amongst the major Indian electronics manufacturers.
The company enjoys about one-fourth of the Indian market share in the overall remote control manufacturing space, catering to 25% of demand in the industry. With its rapid progress, LRIPL aims to become an Rs 500 crore company in the next five years while generating employment opportunities for 1000 more people.
Vijay Kumar Sachdeva, MD & CEO, Laxmi Remote (India), said, ”Our existence resonates with the vision of Make in India and Atmanirbhar Bharat missions. Today, Laxmi Remote India’s core strength lies in offering consumers the best-in-class quality products with the best-in-class services whether its remote control, set-up box or mobile chargers.”
Known for achieving consistent superior operational excellence in the past two decades, the company plans to upgrade its system with the next-gen technologies, while expanding its business overseas by foraying into the export segment in the near future. Amongst the international markets that are high up on LRIPL’s list are USA, Europe, Middle East, Africa, and Argentina along with Bangladesh, Sri Lanka, Indonesia, etc.
Sachdeva added, “Looking ahead, our future product line will be an outcome of focussed investment on innovation and technology which will ensure that go past our competitors and deliver our customers world class technology at a competitive price.”
Supported by its state-of-the-art R&D centre in Hyderabad with sound experience and a leading name in STB manufacturing, the company has announced plans to expand its product portfolio by foraying into internet-based category products for the Broadcast & Cable industry such as IPTV, Hybrid Box, Android box & other products in the same categories. LRIPL is also working on technologies like RF, touch screen, voice control along with Bluetooth technology in the category of remote controls.
With a clientele of over 60 companies, LRIPL has partnered with enterprises such as Daikin, Blue Star, Voltas, Havells, Orient Electric, Bajaj, Luminous, Livpure, Whirlpool, Lloyd, Amber, Usha, Halonix, Carrier Midea, Ricoh , SUN TV amongst others.