New Delhi: Bhagwati Products Limited, a strategic joint venture between Micromax Informatics and Shanghai‑based Huaqin Technology, has reported an impressive milestone of 10X year-on-year growth, driven primarily by its smartphone manufacturing operations. The company clocked a total revenue of ₹6,200 crore in FY 2024–25, underscoring its pivotal role in strengthening India’s electronics manufacturing ecosystem.
With a robust network of manufacturing facilities across Rudrapur, Bhiwadi, Hyderabad, and its flagship 1,000,000 sq. ft. plant in Greater Noida, Bhagwati Products Ltd. is not just focused on manufacturing but also on designing in India, for India and the world. The brand is committed to enabling a self-reliant tech ecosystem by aligning with the Government of India’s Make in India and Design in India initiatives.
Commenting on the announcement, Mr. Rahul Sharma, Co-founder Bhagwati Products Limited said “We are proud of the significant growth we have achieved in just one year. As a company, we are not only focused on expanding our manufacturing capabilities but also strengthening our design expertise to unlock the full potential of India’s technology ecosystem. Our unique position—combining large-scale manufacturing with advanced design capabilities through our partnership with Huaqin—enables us to deliver end-to-end, high-quality solutions. Supported by progressive government policies & schemes, we remain confident in sustaining this growth and are deeply committed to the vision of Made in India, Made for India.”
Bhagwati Product Ltd.’s success story is closely linked to its growing list of high-profile partnerships. The company is currently manufacturing smartphones for leading global brands such as OPPO and vivo, tablets for Acer, and chipsets for MiPhi Semiconductors, a joint venture between Micromax and Taiwan-based Phison Electronics.
