Tuesday, February 04, 2014: Some Indian electronics start-ups are aiming for the moon when it comes to making them stand out of the crowd. Despite having to work in a weak electronics manufacturing ecosystem like India, and having no ‘legacy’ of their own these start-ups are inspiring to go global. Many of them are designing chipsets and devices that can be used in local markets as well as cater to international market through export.
A Mumbai-based company, Evolute Systems has created a device called IDfyr that can help advance financial inclusion through better identification. “Our gadget helps banks and other financial institutions connect with people who do not have bank accounts and also helps them get their Aadhaar cards within a week.” Evolute Systems co-founder, Ramachandra Babu was quoted by Business Line. The company has sold around 75,000 units of the device to banks and non-banking financial institutions till now.
Meanwhile, Terminus Circuits develops System-on-Chip (SoC) designs for Original Equipment Manufacturers, which can be used in cellphones, tablets or medical devices. “For starters, we have developed a wireless battery charger, using RFID technology, that can power cellphones, wireless keyboards and other devices,” CEO of Terminus Circuits, KS Sankara Reddy was quoted by Business Line. In its quest to go global, the company has filed six patents around this technology. “The bulk of the Indian IT sector has focused on software exports and services. From day one, we did not want to be another coding services company.” Reddy added.
