Smartron Showcases Future and Signs MoU with Telangana State

Smartron, India’s first global technology OEM and IoT brand today celebrated its 1 year anniversary of the public launch of the company and introduction of tbook, tphone, and ttab devices and tronx IoT platform. This also marked the expansion of the R&D and other operations with the opening of the new corporate headquarters located in the financial district, Hyderabad. This facility was inaugurated by Shri K Taraka Rama Rao Hon’ble Minister of IT, industries, MA & UD and NRI Affairs Government of Telangana in the presence of founder Mahesh Lingareddy and Co-founders Narsi Reddy Posham and Rohit Rathi along with several other dignitaries including Shri Jayesh Ranjan Principal Secretary Industries and Commerce (I&C) and Information Technology(IT) Government of Telangana.

This expansion is a step towards building a stronger base to support the R&D and innovation to create a smart product ecosystem. Smartron, In the last two years, went from inception to 200+ team, raised 100Cr+ investment capital, launched three devices and the tronx, roped in Sachin Tendulkar and Sanjay Jha and clocked 50Cr+ revenues in its first fiscal. That is an impressive feat for an Indian startup. The Company also showcased its tronX IOT ecosystem with several devices and services planned for launch this year. Smartron, over the next 18 months, intends to more than double its workforce and capital spend.

 

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.

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Speaking on the association Mahesh Lingareddy, Founder and Chairman said “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”

Further speaking on the association, Narsi Reddy Posham, Co-founder & Managing Director said “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”


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About Pulkit Juneja
Pulkit Juneja, is the founder of Versed Tech. A born tech savvy guy who loves to write content on latest technology news, Gadget reviews, android app reviews, SEO and Much More. Connect with us at pulkit@versedtech.org