MIVI (Avishkaran Industries) today laid the foundation stone of its new factory in Hyderabad, Telangana. The factory will house R&D and manufacturing under one roof, which is a first in India, the company said.

The company is investing Rs. 200 Crore in the Telangana factory which it says will create 2000 new jobs.

Mivi said it is the only manufacturing company in the audio space in India and has a manufacturing facility employing over 1500 people at Hardware Park, Shamshabad, Hyderabad.

Ritesh Kumar, Managing Director, BOB; Jayesh Ranjan, Principal Secretary, Departments of Industries and Commerce and IT, Government of Telangana; Midhula Devabhaktuni, Co-Founder and CMO, Mivi; Viswanadh Kandula, Co-Founder and CEO of Mivi; Dr. And Vishnu Vardhan Reddy, Vice President and Managing Director, IFS, TSIIC
Highlights of the new facility

The new facility will be equipped with state-of-the-art technologies and meticulously designed to maintain the highest standards of environmental sustainability.

The facility will have the capacity to produce 100,000 units per day, covering a wide range of audio products, including headphones, sound bars, speakers, gaming accessories and a variety of allied goods. This will effectively double the company's production capacity compared to its existing factory.

The company said its strategic vision extends beyond its proprietary Mivi brand, as it aims to collaborate with esteemed international brands as a product development and manufacturing contractor, with ongoing discussions to consolidate such partnerships.

The new factory is expected to be operational by March 2025.

Regarding this, Midhula Devabhaktuni, with the founder and CMO, said:

This factory is not just bricks and mortar; it is a symbol of innovation and progress. In addition to producing exceptional products, it will generate opportunities and positive impact across the country. In particular, it will house the manufacturing of components for wearables, currently non-existent in India. This is a proud milestone for MIVI and India, showcasing our nation's growing manufacturing capabilities and reducing dependence on foreign imports in the domain of audio electronics. We are honored to be at the forefront of this 'Make in India' revolution, contributing to the country's self-reliance and economic progress.

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