Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
Technology 2011-06-30

Robotic biz on the rise!!

By Feature Writer
Robotic biz on the rise!!

Revolutionising the robotics industry with indigenous technologies and products in India is 'Gridbots'. In an interaction, Pulkit Gaur, Founder and Chief Technology Officer, Gridbots Technologies Pvt. Ltd shares the expansion plans of the company via franchising

Namita Bhagat (NB): Brief us about the inception and growth of ‘Gridbots’. How unique is the concept in India?

Pulkit Gaur (PG): We started in mid 2007 with an idea to revolutionise the robotics segment with indigenous technologies and products. We were a team of three or four people with no product and no revenues at that time. Today we have grown into a team size of 40 plus people with an annual turnover touching more than Rs One crore.

The journey has been both rewarding and challenging. We have developed lot of products and have won a lot of customers as well.

The uniqueness is the personal touch and customisation as per the customer needs which are highly suited to Indian market as compared to any foreign product where the user has to adapt according to the product.

NB: What are the factors that have inspired the company to take up franchise model for its expansion?

PK: We being a Small and Medium Enterprise (SME) have a limited presence in most parts of India but the products and service offerings which we have hold a pan Indian market opportunity. Thus, we decided to go with the franchise model where we can hold hands with likeminded people and then expand our bouquet of services and presence.

NB: What kind of products and/or services do you offer and what clientele segment does the company cater to?

PK:  Currently, we have three major offerings such as Consumer Robotics, Surveillance Systems and Automation Products and as end consumers, Businesses and Research Organisations are the clients we cater to.

NB: How many franchise and/or owned locations do you have at present in India and how many are expected in coming years?

PK: We currently have around 10 franchise locations and we plan to expand this to a good number in the coming years

NB:  What are the eligibility criteria for the selection of the franchisees in India?

PK:  We are looking for a typical franchisee profile which has to be a business person who comes   from a good reputed business house and has lot of contacts in the industry.

NB: What amount of initial investment is required in terms of space and money from the franchisee’s end to partner with you?

PK: This again typically depends on the type of franchisee model, the franchisee selects. However, it may start from around Rs 10 lakh and can go up to Rs 25 lakh approximately.

NB: What kind of support and training is provided to the franchisees by the Gridbots for starting a franchise business?

PK: We provide 100 per cent support to the business and help them in all the respects throughout the engagement cycle. We also train them from time to time.

NB: Share your present outlook for the ‘Robotics Industry’ in India and its prospects in the coming years.

PK: At present, the Robotics industry - especially consumer robotics is in its nascent stage and the industrial robotic segment is largely dominated by the foreign players. But there lies a huge opportunity in all the segments for domestic players. The main reason for the vast scope is the enormous size of the present market and potential growth aspects.

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Quick Service Restaurants
    About Us: NCR’s Trendy Fixation For Western Comfort Food!! Crepe-Fe is the..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • About Us:  At LongLive Pizza, our aim is to make a..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Little Chef is an ideal experience encompassing 15 years..
    Locations looking for expansion New Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Others Food Service
    About Us: Established in 1939, Nathu's held position as a consistent..
    Locations looking for expansion Delhi
    Establishment year 1986
    Franchising Launch Date 2002
    Investment size Rs. 50lac - 1 Cr.
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
ads ads ads ads