New Delhi: Smart devices<\/a> and accessories maker Gizmore<\/a> is planning to scale up production of smartwatches by about two and half times to 15 lakh per annum, as it looks to generate business of around Rs 200 crore in the next financial year, a top official of the company said. Gizmore CEO and Co-Founder, Sanjay Kalirona<\/a> told PTI that the company at present makes around 50 thousand smartwatches per month (six lakh per annum) in India and is going to scale up the production to around 15 lakh smartwatches in the next financial year.

\"Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone,\" he said.

The company expects to close the current fiscal with revenue of about Rs 75-80 crore comprising Rs 50 crore revenue from the sale of smartwatches.

\"We are expanding our reach as well as our portfolio. At present our products are available across major large format retail stores. We now have over 200 distributors. We are enhancing our focus on online because 70 per cent of the smartwatch business comes from online. We will be increasing marketing investments to grow sales,\" Kalirona said.

Gizmore has roped in
Optiemus Electronics<\/a> for manufacturing 10 lakh smartwatches and it will make 5 lakh units through other electronic manufacturing services (EMS) companies.

\"We are making audio products, charging cables, power banks as well but this year our major focus is ramping up smartwatch production. We are a bootstrapped company as of now but we are planning to raise funds in the next financial year for investments,\" Kalirona said.

He said that the tax structure implemented by the government has made it attractive for the company to make in India and announcement to set-up artificial intelligence centres, 5G test labs are expected to boost product quality as well as demand.

\"We are also going to set-up a research and development centre in Noida next month as Gizmore will focus on designing tailored products for our target audience,\" Kalirona said.<\/p><\/body>","next_sibling":[{"msid":97632540,"title":"Govt could not take Vodafone Idea shares below par","entity_type":"ARTICLE","link":"\/news\/govt-could-not-take-vodafone-idea-shares-below-par\/97632540","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":97632611,"entity_type":"ARTICLE","title":"Gizmore to scale up local production, eyes Rs 200 cr biz from smartwatches next fiscal","synopsis":"\"Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone,\" he said.","titleseo":"telecomnews\/gizmore-to-scale-up-local-production-eyes-rs-200-cr-biz-from-smartwatches-next-fiscal","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":152,"shares":0,"engagementtimems":662000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-02-06 07:42:18","lastupd":"2023-02-06 07:43:38","breadcrumbTags":["Gizmore","optiemus electronics","sanjay kalirona","Devices","technology news","Gizmore smartwatches","Gizmore watches"],"secinfo":{"seolocation":"telecomnews\/gizmore-to-scale-up-local-production-eyes-rs-200-cr-biz-from-smartwatches-next-fiscal"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-02-06" data-index="article_1">

Gizmore扩大本地生产,眼睛Rs 200 cr商业smartwatches下财政

“Smartwatches是增长最快的部分。现在我们业务的占60%。我们希望与每分增长约40 - 50本财政密切。在下一财政,我们的目标是增长100%和超过200卢比的业务来自smartwatches孤独,”他说。

  • 更新于2023年2月6日07:43点坚持
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新德里:聪明设备及配件制造商Gizmore正计划扩大生产规模的smartwatches两个半倍到15每年十万的,看起来来生成业务大约200卢比在下一财政年度,公司的一位高级官员说。Gizmore首席执行官和创始人之一,桑杰Kalirona告诉PTI公司目前每月约5万smartwatches(6每年十万的)在印度和将扩大生产大约十万卢比smartwatches在下个财政年度。

“Smartwatches是增长最快的部分。现在我们业务的占60%。我们希望与每分增长约40 - 50本财政密切。在下一财政,我们的目标是增长100%和超过200卢比的业务来自smartwatches孤独,”他说。

广告
公司预计关闭当前财政收入约为75 - 80卢比组成50卢比smartwatches的销售收入。

“我们正在扩大我们以及我们的投资组合。目前我们的产品在主要大型零售商店格式是可用的。我们现在有超过200个经销商。我们加强关注在线因为smartwatch 70%的业务来自网上。我们将增加市场的投资不断增长,销售,”Kalirona说。

Gizmore已经说服了Optiemus电子制造业10多数smartwatches和它将使5多数单位通过其他电子制造服务(EMS)的公司。

“我们正在音频产品,充电电缆,电力银行,但今年我们的主要重点是加大smartwatch生产。我们现在的引导公司但是我们计划在下个财政年度投资筹集资金,”Kalirona说。

他说,政府的税收结构实现了对印度的公司的吸引力和公告设置人工智能中心,5 g测试实验室预计将提高产品质量以及需求。

“我们还将建立一个研发中心下个月在诺伊达Gizmore将专注于为我们的目标受众,设计定制产品“Kalirona说。

  • 发布于2023年2月6日07:42点坚持
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New Delhi: Smart devices<\/a> and accessories maker Gizmore<\/a> is planning to scale up production of smartwatches by about two and half times to 15 lakh per annum, as it looks to generate business of around Rs 200 crore in the next financial year, a top official of the company said. Gizmore CEO and Co-Founder, Sanjay Kalirona<\/a> told PTI that the company at present makes around 50 thousand smartwatches per month (six lakh per annum) in India and is going to scale up the production to around 15 lakh smartwatches in the next financial year.

\"Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone,\" he said.

The company expects to close the current fiscal with revenue of about Rs 75-80 crore comprising Rs 50 crore revenue from the sale of smartwatches.

\"We are expanding our reach as well as our portfolio. At present our products are available across major large format retail stores. We now have over 200 distributors. We are enhancing our focus on online because 70 per cent of the smartwatch business comes from online. We will be increasing marketing investments to grow sales,\" Kalirona said.

Gizmore has roped in
Optiemus Electronics<\/a> for manufacturing 10 lakh smartwatches and it will make 5 lakh units through other electronic manufacturing services (EMS) companies.

\"We are making audio products, charging cables, power banks as well but this year our major focus is ramping up smartwatch production. We are a bootstrapped company as of now but we are planning to raise funds in the next financial year for investments,\" Kalirona said.

He said that the tax structure implemented by the government has made it attractive for the company to make in India and announcement to set-up artificial intelligence centres, 5G test labs are expected to boost product quality as well as demand.

\"We are also going to set-up a research and development centre in Noida next month as Gizmore will focus on designing tailored products for our target audience,\" Kalirona said.<\/p><\/body>","next_sibling":[{"msid":97632540,"title":"Govt could not take Vodafone Idea shares below par","entity_type":"ARTICLE","link":"\/news\/govt-could-not-take-vodafone-idea-shares-below-par\/97632540","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":97632611,"entity_type":"ARTICLE","title":"Gizmore to scale up local production, eyes Rs 200 cr biz from smartwatches next fiscal","synopsis":"\"Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone,\" he said.","titleseo":"telecomnews\/gizmore-to-scale-up-local-production-eyes-rs-200-cr-biz-from-smartwatches-next-fiscal","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":152,"shares":0,"engagementtimems":662000},"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-02-06 07:42:18","lastupd":"2023-02-06 07:43:38","breadcrumbTags":["Gizmore","optiemus electronics","sanjay kalirona","Devices","technology news","Gizmore smartwatches","Gizmore watches"],"secinfo":{"seolocation":"telecomnews\/gizmore-to-scale-up-local-production-eyes-rs-200-cr-biz-from-smartwatches-next-fiscal"}}" data-news_link="//www.iser-br.com/news/gizmore-to-scale-up-local-production-eyes-rs-200-cr-biz-from-smartwatches-next-fiscal/97632611">