VOEPL was established in 2015. Can you give an overview of the company and tell us how you managed to achieve such significant expansion in merely 8 years?
Virtuoso Optoelectronics Limited (VOEPL) started as a private company in September 2015 and became a public company listed on the BSE SME in September 2022. Its expansion in eight years can be attributed to several key factors.
Firstly, we benefited from a positive geopolitical environment due to stable government played who ensured a conducive business environment with policy continuity and support for economic development.
Secondly, we found ourselves in the correct market, customer and product mix during the period of expansion. The timing & effort clicked, and we entered the commercial production of EMS (Electronics manufacturing services) and LED Lighting products. We then expanded our range to add white goods manufacturing, with the primary product segment being air conditioners and recently added water dispensers.
We had a vision for localisation in India, and worked towards it since 2019, this was complimentary to the environment of domestic manufacturing being fostered by the government.
Enjoying support from both investors and customers, we received growth in the form of financial backing, partnerships, and an increase in demand. The developing interest of investors in manufacturing further helped us in our expansion.
What were some of the major challenges you faced during the initial stages of manufacturing in the company, and how did you overcome them?
Diese Geschichte stammt aus der Oct 2023-Ausgabe von The Machinist.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der Oct 2023-Ausgabe von The Machinist.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
BFW INAUGURATES ITS STATE-OF-THE-ART MANUFACTURING FACILITY IN HOSUR
BFW recently inaugurated its state-of-the-art manufacturing facility at Devaganapalli, Hosur, Tamil Nadu. The event was graced by wellknown thought leaders, members of BFW Board, over 50 overseas global partners of BFW and 300+ senior manufacturing professionals representing prestigious clients and close-knit ecosystem of supply chain partners.
WALTER INTRODUCES NEW COMPETENCE BRAND FOCUSING ON LIGHTWEIGHT MACHINING
Walter is raising its profile for the machining of lightweight components with the new Walter FMT competence brand.
UNPACKING THE FUTURE: THE INTERNET OF PACKAGING REVOLUTIONISES SUPPLY CHAINS AND CONSUMER EXPERIENCES
The article explains how the Internet of Packaging (IOP) is changing traditional packaging methods. With the help of technologies such as QR codes, RFID, and NFC, smart packaging goes beyond its conventional function as a container
DE-SKILLING - THE FASTEST WAY TO RAISE PRODUCTIVITY
Often viewed as a negative trend in the workplace, de-skilling can offer numerous benefits that can lead to increased productivity and reduced laborious efforts. The article demonstrates how companies can augment their efficiency by utilising the potential of workers while simplifying processes through de-skilling.
WE ARE HEAVILY INVESTING IN THERMAL MANAGEMENT SOLUTIONS
Vikas Marwah, CEO of Lumax Auto Technologies Limited (LATL), sheds light on the driving factors that led to the development of automotive air intake systems recently unveiled at Lumax Cornaglia Auto Technologies (LCAT) Private Limited's new facility located in Chakan, Pune. Additionally, he talks about the newly introduced rotational moulding technology and the competitive edge it will offer in terms of innovation and growth in an interview with Nisha Shukla.
FARMING FORTITUDE: GALVANISED STEEL'S VITAL ROLE IN AGRICULTURAL ADVANCEMENT
From protecting valuable assets to supporting critical infrastructure, the article delves into the critical role galvanised steel plays in fostering the success of the agricultural industry.
THE FUTURE OF SOFTWARE DEFINED VEHICLES IN INDIA
The article explores the potential and future of 'software-defined vehicles in India', investigating the evolution of software-driven mobility, the integration of sophisticated technology, and its growing impact on the Indian automotive industry.
LEVERAGING AI & ML IN ENHANCING CUSTOMER EXPERIENCE IN NBFC IN INDIA
The article delves into the ubiquitous role artificial intelligence (AI) and machine learning (ML) algorithms play in positively shaping the customer experience and the operations of Non-Banking Financial Companies (NBFCs) in India.
OUR STRATEGY IN EMERGING MARKETS FOCUSES ON INNOVATION AND AFFORDABILITY
For Wilo Group, emerging markets have always served as a conducive ground for innovation and expansion. While it comes with numerous challenges and opportunities, for Jens Dallendoerfer, Senior Vice President of Sales Region Emerging Markets, Wilo Group, the most compelling aspect of tapping emerging markets is the sheer scale of untapped demand and growth potential. In an interview with Rahul Kamat, he candidly talks about the company's approach to making inroads in emerging markets.
LINDSTRÖM LAUNCHES FLOOR MAT RENTAL SERVICE FOR INDIA
Lindström India, a 100 per cent subsidiary of the Finnish Lindström Oy, a global textile rental company offering workwear and cleanroom services, has launched the unique floor mat rental service for India.