Upper Circuit Alert: Realme partners with Electronics Manufacturer to Manufacture AIoT Devices in India
The company has a market cap of Rs 4,288.5 crore and the stock gave multibagger returns of over 3,000 per cent in 5 years.
Realme, a leading smartphone brand popular among Indian youth, has announced a strategic partnership with Optiemus Electronics Ltd. (OEL) to manufacture its next-generation Artificial Intelligence of Things (AIoT) products in India. This collaboration marks a significant step towards bolstering India's manufacturing ecosystem and aligns strongly with the government's 'Make in India' initiative. As part of its long-term strategy, realme intends to produce its entire AIoT portfolio, encompassing earphones, smartwatches, and tablets, within the country.
The company's immediate plans include the local production of key products such as the realme Buds T200 series, realme Buds Wireless series, and realme Buds Air series, commencing this year. Simultaneously, realme is actively working towards sourcing a majority of critical components, including PCBAs, batteries, mechanics, cables, and chargers, from within India. This dual approach not only caters to the increasing demand from Indian consumers but also positions India as a potential global hub for innovation and production, with realme exploring opportunities to export its 'Made-in-India' AIoT devices to international markets.
The partnership between realme and OEL aims to achieve an annual manufacturing capacity of 5 million AIoT devices, which is projected to generate over 2,000 new employment opportunities within India. This collaboration is also expected to contribute significantly to the development of a robust local supply chain and a skilled workforce capable of supporting high-volume and high-quality production. Demonstrating the immediate impact of this partnership, production has already commenced for the realme Buds T200 Lite, a technologically advanced earbud featuring Dual Mic AI Deep Call Noise Cancellation powered by DNN voice recognition technology.
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About Optiemus Electronics Limited: The company is engaged in the business of electronics manufacturing in India, providing end-to-end solutions to global and Indian brands encompassing world-class manufacturing, supply chain management and repair/refurbishment. OEL has two state-of-the-art manufacturing units in Noida, Uttar Pradesh. With a highly experienced team and winning attitude, OEL has won the trust of many Local as well as global brands, maintaining its commitment towards Quality, Timely Delivery, Flexibility as well as Customer Satisfaction.
About Optiemus Infracom Ltd
Optiemus Infracom Ltd has been a key player in the Indian mobile handset distribution business for over 25 years, primarily distributing for major brands like Nokia and Samsung. Beginning with Nokia handset distribution in Delhi in 1995, the company's core business remains trading and distribution, currently handling devices from Nokia, Samsung, and HTC. Optiemus Infracom operates through a wide network encompassing 27 regional branches, around 650 distributors, over 10,000 retail partners in the general trade, and more than 700 service centres across India.
On Wednesday, shares of Optiemus Infracom Ltd hit a 10 per cent upper circuit to Rs 491.50 per share. The company has a market cap of Rs 4,288.5 crore and the stock gave multibagger returns of over 3,000 per cent in 5 years.