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Tag: Dixon Technologies

  • Lumio Smart TVs set to wobble India’s premium market, take on Xiaomi

    Lumio Smart TVs set to wobble India’s premium market, take on Xiaomi

    MUMBAI: India’s smart TV market just got a bold new challenger—because what’s a tech industry without a little rebellion? Much like someone storming out of Adidas to create Fila, Circuit House Technologies is here to shake things up.

    Co-founded by Raghu Reddy and Kailash Sankaranarayanan, former Xiaomi India and Flipkart executives respectively, this homegrown startup is throwing its hat into the premium smart TV ring with its made-in-India Lumio 4K smart TVs. Built by Dixon Technologies, these high-end screens are set to take on the big boys, delivering bigger, smarter, and better entertainment for Indian households.

    As the overall TV market slows down, brands like Oppo, Realme, Philips, and Amazon Basics have already exited the space. But Circuit House sees opportunity where others see uncertainty. “There are pockets within the market that continue to grow as consumers seek premium and larger screen sizes. We are targeting the 4K smart TV segment… 4K TVs now account for almost 70 per cent of total television purchases and are projected to maintain a strong growth trajectory in the future,” said Reddy.

    While Xiaomi, Samsung, LG, Sony, and TCL dominate the smart TV landscape, Circuit House is betting big on India’s premiumisation trend—with 43-inch and above 4K TVs leading the charge. Beyond TVs, the company plans to expand into the broader home entertainment segment.

    Reddy and his team of ex-Xiaomi, Flipkart, Lenovo, Philips, TiVo, LG, and Samsung professionals are pooling their expertise in product development, branding, software, quality control, and after-sales service to craft a world-class smart TV experience.

    For Lumio’s debut, Google is on board to integrate its Google TV OS, ensuring users get access to a rich content ecosystem. To lock in distribution, Lumio smart TVs will be sold exclusively on Amazon under a strategic partnership.

    “The Smart TV segment in India is at an inflexion point, and partnerships like these demonstrate the immense potential of domestic manufacturing,” said Dixon Technologies vice chairman & MD Atul Lall.

    Despite the Indian smart TV market shrinking by 3 per cent in 2024 due to macroeconomic challenges, Circuit House remains optimistic. The company sees a $5 billion market poised to grow at 13 per cent CAGR over the next three to four years, driven by bigger screens, QLED/OLED/MiniLED technology, and advanced features that are now becoming mainstream.

    Last year, Circuit House raised $4.3 million in funding from Stellaris and 3one4 Capital—a war chest that Reddy says is enough for the company’s first year of operations.

    With exits from key players and a shifting consumer landscape, Circuit House is betting that Indian consumers are ready to embrace a homegrown, high-quality smart TV brand. As premiumisation surges, Lumio’s high-spec, India-made smart TVs could be the disruptor the market didn’t see coming.

  • Hindware ropes in Nirupam Sahay as new CEO for bath and tiles business

    Hindware ropes in Nirupam Sahay as new CEO for bath and tiles business

    MUMBAI: It’s got  a new senior executive in the corner office.  Bathware brand Hindware Limited has appointed Nirupam Sahay as CEO of its bath and tiles business. Sahay’s extensive leadership experience and strong track record in driving growth will support Hindware’s expansion in sanitaryware, faucets, and tiles.

    Nirupam joins Hindware from Dixon Technologies, where he served as president of the lighting solutions business. He has held senior roles at prominent companies such as Philips Lighting, GE Capital, Whirlpool, and Asian Paints. Additionally, he has served on the boards of Rexxam Dixon Electronics and GE Money Financial Services, and is an advisor at the Institute for Advanced Studies in Complex Choices.

    Hindware chaIrman & managing director Sandip Somany expressed confidence in Nirupam’s leadership skills, stating, “His deep understanding of the Indian market and focus on innovation will drive our bathware business’s growth.”

    Nirupam Sahay shared his enthusiasm, saying, “I am honored to join Hindware, an iconic brand in Indian households. My focus will be on fostering innovation and creating value for all stakeholders.”

    Nirupam holds an honors BA in economics from St. Stephen’s College, a master’s in management from NMIMS, and completed the advanced management program at Wharton.

  • YES BANK & CNBC-TV18 Growth Summit in association with Max Life Insurance puts a spotlight on India’s $10 trillion economy plan

    YES BANK & CNBC-TV18 Growth Summit in association with Max Life Insurance puts a spotlight on India’s $10 trillion economy plan

    Mumbai: The Delhi edition of YES BANK and CNBC-TV18’s – The Growth Summit: A Vision to a $10 Trillion Economy, in association with Max Life Insurance, was organised on Wednesday. The summit brought together policymakers, industry leaders, startup founders, and a diverse range of experts to engage in substantive discussions regarding India’s economic growth. The primary focus of the summit centred on the government’s ambitious 25-year plan aimed to position India as the world’s third-largest economy, boasting a GDP of $10 trillion.

    A spokesperson from CNBC-TV18 extended a warm welcome to the attendees, moving to the opening remarks by YES Bank CEO & MD Prashant Kumar.  “In the last few years, we have witnessed large investments in the infrastructure landscape, taking the country to the next-level. India has come out as a strong force with all the headwinds happening around the world, and to continue that, we need to remain self-insulated and self-reliant. Moving towards becoming the third largest economy is not enough; the ultimate goal should be that every Indian benefits from this growth. It is crucial for all of us to work collaboratively and focus on areas including—inclusivity with growth, manufacturing, boosting exports, supporting MSME and the startup ecosystem and funding innovation. The involvement of the government and private sector together is the key to achieving the $10 trillion economy plan.”

    During his address, Mr Kumar announced the launch of ‘Yes Private’ in Delhi, which is the Bank’s newest market offering that aims to partner HNI Business owners and C-Suite executives in their endeavour to leverage the opportunities on the road towards a $10 trillion Indian economy.

    The event kicked off with a fireside chat on ‘Leading from the front: How to Live up to your Strategic Vision’ in conversation with Nestle India CMD Suresh Narayanan, he said, I feel fortunate to be a part of a 160-year-old company that values providing experiences to people, not just selling products. Nowadays, digitisation has levelled the playing field for everyone, and e-commerce and AI are helping us plan better. However, with tech being such a driving force presently, we need to utilise it responsibly and remember technology is here to serve mankind and not the other way around. Lastly, trust, empathy and compassion are not just buzzwords and the long-lived companies are going to be those where this five letter ‘TRUST’ is placed in everything they do.” The discussion was moderated by CNBC-TV18 managing editor Shereen Bhan.

    The event continued with another interesting thought-provoking discussion on ‘Unveiling Indian Healthcare as a Model of Growth & Excellence’ in conversation with Medanta executive chairman Dr Naresh Trehan, he stated “Every person in India deserves access to decent healthcare. With the introduction of the Ayushman Bharat scheme, the industry has extended a lifeline to over 500 million individuals who were previously left out of the healthcare facility. It’s surprising to admit that healthcare expenses alone are driving 2 to 4% of our population below the poverty line each year. Considering the extent of our nation’s growth, with a population increasing by 25 million annually, the challenge before us is immense, but the steps taken by the current government through Ayushman Bharat have provided immense relief.”

    Subsequently, there was another fireside chat on ‘Betting Big One on India: Identifying New Growth Opportunities’, Dixon Technologies chairman Sunil Vachani.  

    The fireside chat was followed by a special address by Max Life Insurance CEO & MD Prashant Tripathy. He said, “In India’s pursuit of becoming a $10 trillion economy, visionary policy initiatives stand as cornerstones of inclusive growth. From pioneering financial inclusion schemes and the development of robust digital infrastructure to the progress of our vibrant start-up ecosystem- these collective endeavours underscore the remarkable journey we’ve undertaken as an economy in the last decade. As we stride forward, India must prioritize policies that foster innovation, technological advancement, tackle income inequality, and promote sustainable development practices. These critical areas demand our unhindered focus, as we inch towards an economy that unlocks sustained development for one and all.”

    The evening continued with an engaging panel discussion on ‘Facilitating the Emerging Stars of Indian Business’ with insights from industry experts Akshay Ghulati (Co-founder & COO, Shiprocket); Mr Anirudh Arun (Co-founder, CEO, BluSmart Fleet) and Ish Babbar  (Cofounder & CTO, Insurance Dekho).

    The evening continued with an engaging conversation with Former Indian cricketer Virendra Sehwag. Talking about how the Indian team can bring home the World Cup, he said, “We need to play it like a knockout match, be brave and fearless and most importantly, make the right decision on the field. India has never lacked talent; we need to play aggressive cricket and not worry about winning.”

    Concluding the summit was a thought-provoking session conducted by Kumaar Bagrodia, leading Neuroscientist & Founder of NeuroLeap, on ‘The Neuroscience of Investing’.

    The Delhi edition of ‘The Growth Summit – Vision for a $10 trillion Economy’ underscored India’s trajectory towards economic prosperity as industry leaders and experts converged to chart a path towards a $10 trillion economy. The next edition of the summit will be held in Hyderabad on 15 March,2024.

  • Aiwa India partners with Dixon to manufacture smart TV range ‘Magnifiq’

    Aiwa India partners with Dixon to manufacture smart TV range ‘Magnifiq’

    Mumbai: The premium Japanese consumer electronics brand, Aiwa has launched its most awaited range of TV series, Magnifiq in India. For the best-in-class Magnifiq series, the company has partnered with Dixon Technologies as its manufacturing partner and looks forward to contributing to the government’s Make In India initiative.

    The television series offers category leading features that give magnificent vision, magnificent sound, and a magnificent experience. 

    With this latest addition, Aiwa is strengthening its commitment and global vision of providing ‘more for less’ to its consumers by giving exceptional quality products at a  competitive price. Powered by android 11 & AI core 4 processor, the series caters to a discerning audience that looks for new range-topping products. The range extends from the fully loaded 32” series to 43” (FHD & UHD), 50 (4K UHD), 55” (4K UHD) & 65” (4K UHD), and is priced (MRPs) from Rs.29,990 to Rs 1,39,990.

    Also, the 55” and 65” models of the range come with a built-in soundbar for enhanced audio which gives users the best-in-class experience. The soundbar has been designed with Aiwa authentic signature sound technology to give users the most optimal audio preference. The television’s sound output is among the highest for products in the same segment.

    The high-performance Magnifiq range of premium televisions is powered by android 11 with built-in Google assistant. With the certified android TVs, the user’s favourite content is always front and centre for quick and easy access.

    With the company’s proprietary CRYSTA Tech Vision in this Magnifiq series, Aiwa is introducing a new standard in picture quality with vertical array display, AI quad-core processor, 1.07 billion colours and 350 nits* of brightness. When the life-like picture quality is paired with Aiwa’s amphitheater view technology, it delivers a truly spectacular audio-visual experience. 

    Aiwa TVs also come with the protective film with black reflect technology, which is designed especially to protect users from potentially harmful radiation. The anti-glare tech used, reduces reflections on the screen and helps to ease eye fatigue. Additionally, the company’s MEMC (motion estimation, motion compensation) ensures that images remain crisp and sharp during fast motion frames.

    Speaking about the launch and the Magnifiq TV series, Aiwa Electronics International managing director Kure Shouichi ci said, “We are excited about the establishment of Aiwa India, as our regional headquarter, via which we hope to assure Aiwa’s permanency to the Indian consumers. At the launch of our word-class televisions, we are sure the consumer will feel confident to see Aiwa’s legacy of excellence over the past 70 years coupled with the latest and most powerful Android 11 technology”

    Aiwa India managing director Ajay Mehta added, “After we brought Aiwa’s range of luxury speakers to the Indian consumer, the Magnifiq series of TV’s, come with exceptional quality standards that Aiwa is known for over the past 70 years. Our TVs are best suited for consumers who research products pre-purchase in detail and will not compromise on quality, technology, and features at the best possible value.”

    “We are committed to making exceptional products and bringing them to the Indian consumers. We are also proud to have contributed to the Make in India initiative through this project. TVs are poised to be the biggest category by value for Aiwa India and will be followed by the launch of many other product categories. This is tangible and a big step towards our goal of a one billion dollar top line for India,” he added further.

  • Videocon Industries plans new STB capacity by end-2014

    Videocon Industries plans new STB capacity by end-2014

    MUMBAI: The Indian government last year raised the import duties of set top boxes (STBs) from five per cent to 10 per cent in a bid to encourage Indian entrepreneurs to start making them indigenously. To no avail, Indian MSOs, DTH players, continued importing the boxes from China, Korea and Taiwan to meet the government mandate of digitising India’s cable TV sector.

    At least one player yesterday announced that it had taken up the gauntlet: electronics major Videocon Industries. Director Anirudh Dhoot told Press Trust of India that his company is planning to set up a one million STB manufacturing plant by end-2014. Dhoot told PTI that the plant is likely to be set up in either Punjab or Madhya Pradesh. 

     

    The Videocon group also runs Videocon d2h – one of the fastest growing DTH players in India. 

     

    The digitisation of cable TV in phase III and phase IV towns is expected to require around 80 million STBs; of which 60 million will likely be rolled out this year itself, totting up to a business potential of an estimated  Rs 7,500 crore at factory prices. The second and third phases of digitisation are scheduled to be completed by end 2014, but everyone in the industry expects a delay of about three to six months. If Videocon manages to get its plant to start churning out STBs by end this year, it could meet some of that demand. 

     

    The Indian cable TV industry has deployed around 22 million STBs during the first and second phase of digitisation; even as DTH players have deployed around 45-50 million STBs collectively over the years since DTH launched in India.

     

    Most of these were imports. Videocon, on its part, upped the capacity at its existing STB plant from 700,000 per annum to one million during the festival season last year. Now it plans to set up a new plant. Other players who are involved in the manufacture of STBs domestically include: Noida-based Dixon Technologies and Kortek Electronics.