The grandson of India’s most famous ‘bicycle maker’ is selling AI at CES 2019
- Ujjwal Munjal, grandson of Founder Chairman of the Hero Group
Brijmohan Lall Munjal, just announced Hero Electronix’ first intelligent device at the Consumer Electronics Show(CES) 2019.
- The Founder Director also announced plans for launching more than 10 devices, powered by
artificial intelligence, over the next five years.
- Hero Electronix was one of the few companies showcasing a ‘Made-in-India’ product at
Making the announcement was the grandson of India’s most famous ‘bicycle-maker’ — Founder Chairman of the Hero Group Brijmohan Lall Munjal —
“We at Hero Electronix feel proud to have our products showcased at CES 2019, we intend on launching a series of AI Powered connected products that are designed and built grounds up in India for India and the world. Each of these intelligent consumer devices are unique, innovative and first of its kind in many aspects, best in class even on a global stage.”
Ujjwal Munjal is not only the Founder Director at Hero Electronix but also the Executive Director of Rockman Industries — formerly known as Rockman Cycles. Under his leadership Hero Electronix entered the IoT space by acquiring Zenatix — a local IoT startup with clients like restaurant outlets, retail chains and banks.
But, now Munjal is looking to directly to the consumer. Hero Electronix has already invested in building all of the ‘core’ technology required in-house — that’s hardware, cloud software, device software, and apps.
Munjal also acquired MyBox Technology, the largest multi-operator manufacturer of digital set-boxes in India at the time.
From bicycles to AI-powered technology
Hero started out at a bicycle company in 1956 and didn’t even start manufacturing motorised two-wheelers until 22 years later. It only created the subsidiary of
Hero Electronix was brought into being in 2015. It started out behind the scenes developing products like semiconductors under Tessolve
In 2016, Munjal acquired TES DST Holding Europe, a German electronics design services company when he said that a new division would be created — called Tessolve Embedded Systems (TES) — that would support the design and manufacture of products.
The acquisition was aimed at combining their existing semiconductor technology with system design and embedded software, turning it into something that an average person can use right away — a consumer product.
“The aim would be to offer the complete product development life cycle solution – from idea conceptualization to product development and manufacturing in ODM (original design manufacturer) model”
Munjal also acquired Lynxemi Pte, a test facility in Singapore that runs trials for new products for consumers, in August 2017.
Munjal told PTI, “These acquisitions are not of high value. They are more to do with enhancing our capability. These will help in Tessolve becoming a leader in end-to-end semiconductor engineering solutions provider,” hinting Hero Electronix is looking to go directly to the consumer.
Hero Electronix products were one of the few ‘Made-in-India’ products on show at CES 2019. Their partnerships with global giants like Amazon and Qualcomm will also posture the company to expand global operations.
Apple trolled Google with a massive billboard at the world's biggest tech show, which it's not even attending
The best new transportation we saw at CES 2019
The 20 coolest vehicles we saw at CES
- Rural India likely to bounce back faster than urban: Kantar and GroupM report
- As Radio Mirchi rebrands to Mirchi, Prashant Panday walks us through the brand's transformation
- From a school dropout to building a spice empire and winning a Padma Bhushan, here’s MDH Masala’s Dharampal Gulati’s inspiring journey
- Air India's employees are looking for a private investor to back their bid for the national airline
- India reportedly invites UK Prime Minister Boris Johnson to be the chief guest for Republic Day