Smartron Clocks Rs 50 Cr Revenue In 1st Year, Charts Out Expansion Plan

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Smartron founder Mahesh Lingareddy and Telangana IT minister TK Rama Rao

Smartron, India’s truly global technology startup on Friday said it has garnered revenue of Rs 50 crore in its first year of operations. The company said this while announcing its first year anniversary.

The company also opened its new corporate office at Hyderabad which was inaugurated by Telangana’s IT minister K T Rama Rao. He was supported by Smartron founder Mahesh Lingareddy and Co-founders Narsi Reddy Posham and Rohit Rathi.

On this occasion, the company joined hands with the state of Telangana and signed a comprehensive Memorandum of Understanding (MoU) and agreed to expanding Corporate Headquarters and its state of the art R&D center, setting up a mega data center server farm, bringing T-Hub onto tronX ecosystem to support innovation and manufacturing not just handsets but a range of smart devices, sensors, systems and vehicles. The Telangana state government has agreed to assist and extend incentives and subsidies to Smartron for its business activities through various technology, manufacturing and IOT policies.

“Innovation is the key for India to play a major role in the upcoming IoT and AI waves and Smartron laid a strong foundation to lead that effort. This office expansion and MoU signing is a step closer towards making Smartron a global product technology brand based out of India. We will continue to build an innovation led ecosystem through tronX, an AI powered IoT ecosystem and have an aggressive roadmap of products and services in the next 1 year,” said Mahesh Lingareddy, Founder and Chairman of Smartron.

The company said the expansion is a step towards building a stronger base to support the R&D and innovation to create a smart product ecosystem.

“We are glad to be associated with Govt. of Telangana and we believe this association will bring a lot of strength and innovation to what we do. I would like to thank our honorable minister for his great support and being a part of the journey going back to the soft machines India which was acquired by Intel,” said Smartron Co-founder & Managing Director Narsi Reddy Posham.

Smartron was founded  a year back and is backed by ace cricketer Sachin Tendulkar. The company has so far raised Rs 100 crore investment and has appointed Motorola mobility’s former CEO Sanjay Jha as an independent director. The company is planning to double its workforce and investment in the next 18 months.

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