EMS is a capital-intensive industry, and hence, with the strongest clashes. Then how is a startup, Karkhana IO, on its way to clock a revenue of ₹1 billion this fiscal? The founders explain!
Reinventing the wheel in the EMS industry is rarely discussed due to high capital costs involved. Thanks to its unique business model, Karkhana IO made ₹200 million last fiscal and aims for ₹1 billion this year. Sonam Motwani, Founder, and Karthik MC, CRO, Karkhana IO, told EFY’s Mukul Yudhveer Singh that their electronics manufacturing services (EMS) startup aims to support medium and small industries (MSMEs) and other electronic product startups on the supply side.
“By supply, we mean the supply of manufactured electronics and solutions. In India, the demand for finished electronic goods is more than the supply of the same. This is what we aim to solve,” says Motwani.
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