M-Tech Informatics Ltd, a mobile manufacturing company which started from Eastern India primarily (West Bengal) now expanded to other key states of India in mere 4 years. Now company has its presence in UP, Bihar, Jharkhand, Orissa, Punjab, Haryana, Himachal, Jammu, Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, Madhya Pradesh and Gujarat.
In span of four years, M-Tech has last fiscal revenue of Rs 100 crore and projection for the year 2020 is Rs 1,000 crore. Currently M-Tech Mobile has appointed 350 people in the new unit and planning to employ more in future.
Vivek Agarwal, Managing Director& Co-founder, M-Tech informatics Ltd said, “We want to break the tendency of Indian mobile companies’ dependency on china for manufactured goods. This is indeed a beginning of new pathway for the home grown companies whereas big Indian mobile companies still majorly relying on the other countries.”
“Currently we are producing 3 lakh devices per month and expecting to reach masses with the production of 7-8 lakh mobile sets per month by 2018 with our another new unit. We are expecting to generate revenue of $ 60 million from the current infrastructure,” he added.
With its new manufacturing unit in Baddi, Himachal, the company would provide huge employment platform to the locals. “Our aim is to employ 60-70 percent of the human resource only from Baddi itself. We are motivating and giving proper skill enhancement platform to the employees to reach the goals and of course to encourage skill India and make in India campaigns,” Agarwal said.
M-tech Mobile is a growing entity with its wide presence in the eastern market and now targeting to achieve the mission of reaching international market till the year 2020. In the path to become more self reliant the company is evaluating few more options and planning to have a talk with other state’s governments like- Kolkata and Rajasthan.
It’s just the start of the India’s technology manufacturing era and India is definitely going to give a tough fight to the international Market.