New Delhi, India - Laxmi Remote India Pvt. Ltd. (LRIPL) celebrated its 25th year of operations recently. It has had a long journey and emerged as a leading OEM, ODM and EMS company establishing itself amongst the major Indian electronics manufacturers.
The company holds about one-fourth of the Indian market share in the overall remote-control manufacturing space, catering to 25 percent of demand in the industry. In the future with its progress in mind, LRIPL aims to become an INR 500 crore company in the next five years while generating employment opportunities for 1000 more people.
“For the past 25 years, it has been a tremendous journey for LRIPL. Our entire existence resonates with the vision of Make in India and Atmanirbhar Bharat Missions led by Hon’ble Prime Minister Shri Narendra Modi,” said Vijay Kumar Sachdeva, MD & CEO, LRIPL.
The company aims to lead OEM remote control business. The expansion of the product portfolio and the adoption of leading innovation and technologies are amongst the focus areas for the company. Supported by its state-of-the-art R&D centre in Hyderabad with sound experience and a leading name in STB manufacturing, it 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 and 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. “We are planning to strengthen our facilities and targeting 20 percent production growth in the near future,” added Sachdeva.
The company aims to strengthen its foothold by bolstering its local production and manufacturing of remote controls to more than three million per month. The development of moulds to building sophisticated cabinets, design and development of PCBs to assembly and to manufacturing of the final products, after an appropriate stringent quality process, it will control the entire production process.
Image Source: LRIPL