ElistaWorld, a prominent Indian electronics and home appliances brand, has announced plans to invest Rs 250 crore in establishing a manufacturing facility in the Kadapa district, Andhra Pradesh. The new plant is expected to create around 500 job opportunities and will be funded equally from equities and debts. The investment will be made in a phased manner, with an initial investment of around Rs 50 crore expected to produce almost one million units of smart TVs and monitors.
ElistaWorld, a leading electronics and home appliances brand in India, is set to establish a manufacturing facility in Kadapa district, Andhra Pradesh. The plant, which requires an investment of Rs 250 crore, is expected to create about 500 job opportunities. The company’s revenue from both domestic and export sales could reach up to Rs 1,500 crore when the plant is fully operational, said Saket Gaurav, Chairman, and Managing Director of ElistaWorld.
According to Saket Gaurav, ElistaWorld aims to focus on both the domestic and export markets. He emphasized the potential in the export sector as more businesses shift their production orders from China to India. He also highlighted that ElistaWorld adheres to India’s ‘Atmanirbhar’ principle of manufacturing, which seeks to make India self-reliant.
The investment for the new plant would be funded equally from equities and debts, and the company is in talks with some financial institutions. Gaurav added that the investment would be made in a phased manner, with around Rs 50 crore being invested initially. This initial investment would produce almost one million units of smart TVs and monitors.
ElistaWorld has a robust product portfolio distinguished by its global quality and distinctive design. The company seeks to create value-for-money consumer electronics devices with superior functionality. It aims not only to achieve greater success for the group but also to enrich and improve the lives of its customers, workers, channel partners, and other stakeholders.
With a vision to put India on the global innovation map, ElistaWorld inspires brands worldwide to manufacture in India to cater to their demand across geographies. Founded in 2020, ElistaWorld has quickly become India’s leading world-class electronics, home appliances, IT, and mobile accessories brand. ElistaWorld aims to focus on both domestic and export markets, with an eye on the potential for growth in the export sector as more businesses shift their production orders from China to India.
