Lava International

Lava International is an Indian multinational electronics company that manufactures smartphones, laptops, computer hardwares and consumer electronics. It was founded in 2009 by Amit Singh, Sunil Bhalla, Shailendra Nath Rai and Vishal Sehgal[1] as an offshoot of a telecommunication venture. It is headquartered in Noida, Uttar Pradesh, India,[3] and has overseas operations in a number of countries.[4]

Lava International
TypePrivate
ISININE745X01014
Industry
Founded2009 (2009)
Founders
  • Hari Om Rai
  • Sunil Bhalla
  • Shailendra Nath Rai
  • Vishal Sehgal[1]
HeadquartersNoida, Uttar Pradesh, India
Area served
Worldwide
Products
Services
Revenue ₹5,524 crore (US$720 million) (2021)[2]
Number of employees
10,000+ (2019)
SubsidiariesXolo
Websitewww.lavamobiles.com

Structure

Lava is headquartered in Noida sector 64, Uttar Pradesh, India. The company maintains 6 offices and 3 manufacturing and service facilities throughout India.

Lava has a single-layer distribution model, wherein more than 900 distributors across India are directly managed and controlled by the company.[5] Lava is also present in several countries like Thailand, Sri Lanka, the Middle-East, Bangladesh, Indonesia and Nepal.[6]

Research and development

For designing and developing its products, Lava has set up a research and development facility in China.[7] This facility has produced phones such as the Lava Z25 Iris Pro 30 and the Fusion application for Android.

Market share

The company held a market share of 13.4% in the feature phone segment in India in the financial year 2021.[8]

Awards and honours

Lava received an award from the government of Uttar Pradesh in July 2017 for hiring the most number of apprentices in the state. The company hired 710 apprentices from Uttar Pradesh in 2016 in keeping with the guidelines laid down in the Apprenticeship Act, 1961.[9]

Transportation

The company has also grown in the train segment that operate freight trains and bullet trains, listed by Indian Railways,

See also

References
  1. Mitra, Sounak (5 January 2015). "Lava hits sweet spot in smartphones". Business Standard India. Retrieved 11 November 2017.
  2. "One in every ten feature phone user in India uses Lava, and it is now going to the public to raise money" (Press release). India: businessinsider. 30 September 2021. Retrieved 2 February 2022.
  3. "Lava International Limited: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 22 December 2017.
  4. Goliya, Kshitiz (2 September 2016). "Lava eyes Africa as India gets competitive". Livemint. Retrieved 30 October 2017.
  5. says, Genesis. "We have deep dived into consumer needs, preferences and usage behavior :- Mr.Hari Om Rai, Chairman & Managing Director, Lava International Limited".
  6. "About LAVA– Indian Mobile Phone Company, Smartphone Manufacturer in India". www.lavamobiles.com. Retrieved 29 October 2021.
  7. Gupta, Vikas (23 May 2014). "We have deep dived into consumer needs, preferences and usage behavior :- Mr.Hari Om Rai, Chairman and Managing Director, Lava International Limited". IT Voice. Retrieved 31 October 2017.
  8. "One in every ten feature phone user in India uses Lava, and it is now going to the public to raise money". Business Insider. Retrieved 29 October 2021.
  9. IANS (27 July 2017). "Lava honoured for hiring most apprentices from UP". Business Standard India. Retrieved 11 November 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.