digital-india

Hero strives for "Digital India"

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Hero Electronix, part of the $5-billion diversified Hero Group, sees tremendous potential and untapped opportunities; as Indian economy moves towards digital transformation. With aim to create global digital products and solutions enterprise; the company looks to actively participate in the government's "Make in India" and "Digital India Initiative".

A giant leap in this direction has been the company's acquisition of a majority stake in 2015 in MyBox Technologies, India's largest manufacturer of digital set top boxes. The company has strong research and development capabilities and is a leading supplier to marquee DTH and cable operators across India.

While MyBox Technologies has been Hero Electronix's maiden foray into the Indian electronics manufacturing space, the purpose remains multi-pronged-to build robust domestic capabilities to support and fulfill the demand for digitization in India and to simultaneously develop products for the world.

As a next step, Hero Electronix partnered with Bangalore based company Tessolve Semiconductor Pvt. Ltd by taking a strategic stake in the company. Tessolve is a leading semiconductor engineering services company. It caters to some of the world's leading semiconductor players. The company offers engineering expertise in the areas of semiconductor design, test/product engineering, PCB Design, failure analysis and systems design.

In future Hero Electronix will continue to add associated business lines to its portfolio and grow the vertical to help India's digital transformation. Towards this goal, the company has built an investment corpus of Rs 1000-1200 crore for the next few years.