Spurring their operations from a small commercial space in Delhi while dealing in trading of computer parts to setting up a manufacturing house of Led TV and Power banks the journey of Powerful Technologies Limited had been sheer eventful and full of lots and lots of challenges. Headed by this duo of talented Co founders, who strongly focus on the never say die spirit Mr. Aditya Gupta,(35) MD Powerful Technologies and Nitin Chhabra, (40) Executive director & promoter with support of Mrs. Karuna Chhabra, (37) who is the promoter and non-executive director at Powerful Technologies, aptly justify the name of their company.
A graduate of Delhi University Mr. Aditya joined his cousin’s business at the young age of 18 and within 6 years decided to start his own venture. Joined in by an adept professional Nitin Chhabra, a Chartered accountant, the duo faced a host of challenges at every step and they took challenges as stepping stones to make Powerful Technologies weave an amazing success story.
With a small capital, the company generated funds from bankers, friends and relatives to create an enviable set up which is today supported by 100 workers beside various professionals. Pioneering in the manufacturing of consumer electronics products like LED TV sets, Monitors, speakers, Mobile Power Banks and accessories Powerful Technologies embraced the “Make in India” initiative launched by the government of India in 2011.
With the outset of excellent working and focussed vision towards delivering products & services that not only met the expectations of the customers, but also exceeded way ahead on all the parameters of technical innovation, customer satisfaction and after sale services added a big smile and trust amongst the patrons keeping in sink for future association with the company. In just 5 years from its inception the company did around 125 crore group turnover in last FY. The company recently tied up its business operations with Polaroid and Kodak which are one of the most popular American brands.
With brilliant performance of the Powerful Technologies, they are now gearing up to hit the capital market with initial public offer (IPO). The issue will open on August 9 and close on August 14, 2018. Managing Director of the company Mr. Aditya Gupta says “Since our company has consistently generated profits from the beginning and have a huge potential due to the brand we are carrying and the industry we are into, we hope for a positive response to our IPO from investors. Proceeds from the IPO will help finance our expansion plans.”
He also, added a Powerful technologies is going to fully automate its process to reduce the dependency for raw material from China. We are planning to manufacture maximum parts in India as Import substitutes.
Mr. Nitin Chhabra, Executive director & promoter believes that current economic environment is very conducive for “Make in India “products. The overall reputation and acceptance of the Indian made products has increased worldwide and now people are increasingly preferring and ready to pay for products made in India in comparison to Made in China ones.