Sagar Gupta’s company earned an impressive Rs 600 crore in the fiscal year 2022-23.
Sagar Gupta accomplished a remarkable feat by starting a successful business with his father shortly after completing his B.Com from Delhi University. Despite his aspirations of becoming a Chartered Accountant, his father CP Gupta decided to shift from semiconductor trading to launching a manufacturing unit for LED televisions in 2017, marking a major change in their business.
Sagar’s interest was in the manufacturing sector, and when his father initiated the company’s shift towards this field, it presented a lucrative opportunity for him. In 2019, they officially launched their company in Noida.
Establishing the company was a challenging task, but having his father’s pre-existing contacts in the industry proved advantageous. They began manufacturing for well-known brands such as Samsung, Toshiba, and Sony, at a time when China dominated the LED manufacturing industry. Now, they are working towards strengthening the LED manufacturing sector in India.
Currently, the company produces LCD TVs, LED TVs, and high-end TVs for more than 100 companies, with sizes ranging from 24 to 60 inches. They manufacture over 100,000 televisions per month and have sold millions of units in just a few years.
In an earlier interview with Your Story, Sagar expressed his goal of reducing costs further in order to expand the company’s reach and deliver televisions to a global market.
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In the fiscal year 2022-23, Sagar Gupta’s company generated an impressive revenue of Rs 600 crore.
The largest market for Sagar Gupta’s company consists of Tier-2 and Tier-3 cities.
Sagar Gupta’s company has plans to expand their manufacturing capabilities to include electronic equipment such as washing machines, speakers, and smart watches. Additionally, they aim to produce wireless stereos and smart watches.
Reportedly, Sagar Gupta plans to invest Rs 1,000 crore in Noida to expand their manufacturing capabilities. The company intends to begin with an initial investment of Rs 400 crore towards purchasing land, equipment, and facilities. Currently, they have a factory located in Sonepat and employ over 1000 individuals.
The new plant that Sagar Gupta plans to establish in Noida will manufacture televisions ranging from 43 inches to 90 inches in size. The expansion is expected to create employment opportunities for 1500 individuals. Additionally, there are plans to take the company public with an IPO three years after the plant’s establishment.
