Hero Electronix was set up in June 2015 by the legendary Hero Group, to participate in the emerging digital opportunities at a global level. As its first strategic initiative, in June 2015, Hero Electronix acquired a majority shareholding in Mybox Technologies Pvt. Ltd., the largest manufacturer of digital set top boxes in the country. Mybox is a leading supplier to marquee DTH and cable operators across India and has partnership with global CAS & Chipset players. Mybox has strong research and development capabilities across both hardware and embedded software space in set top boxes. It is one of the very few companies engaged in end-to-end design of indigenous set top boxes.

In April, 2016 Hero Electronix partnered with Bangalore based company Tessolve Semiconductor Pvt. Ltd, by acquiring 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.

Hero Electronix continues to actively look at new opportunities in a diverse set of areas linked to electronics and digital transformation of India. These include electronic manufacturing opportunities (components and defense electronics), embedded services companies and IOT businesses (devices or solutions).