Globally, we’re increasingly seeing adoption of robotic automation in industries and other spheres of life. Indian industries have also realized the importance of robotics & automation and are marching ahead on its path. This industry requires substantial investments as the cost of skilled labor is rising and production processes are getting speeding up without compromising quality standards but the long term returns are more. Here, we look at the story of Sudhir Reddy and how he set up JAY ROBOTIX.
Since childhood Sudhir had an interest towards electronics and robotics, so he opted robotics in his masters in the US. During his masters in US he realized that the technology in use there was very advanced compared to India. He found huge potential in having his own robotics firm in India and decided to start JAY ROBOTIX.
Starting from a one room facility the company was formed in March 2010 with support from family and friends and it is now one of India’s few multidimensional robotics companies. They have offerings in sectors such as education, industrial, consumer durables and more but focus mainly on education and industrial sectors. Today robots are widely deployed in a number of sectors like heavy industries, education, healthcare, defense and consumer durables.
The global market for industrial robotics is estimated to be US$ 25.71 billion in 2012 and expected to reach US$ 32.8 billion in 2017. Growing non-automotive applications of industrial robotics, increasing use of industrial robots in emerging countries, and benefits like increased productivity and reduction in manufacturing costs are certain factors driving the market. With the market being a multidisciplinary field it is very difficult to estimate the market size of Robotics in general so placing of any robotic company is not straight forward either. None the less JAY ROBOTIX can be said as one of the first few multidimensional companies in India.
Family and friends provided the first initial investment of 35 lakhs and supported him further by investing some more in August 2012. They are planning to raise more money this year for expanding their business.
JAY ROBOTIX has 2 major verticals – products and services. Under products they are into self-designing, manufacturing and retailing model for their products. Under services they have training modules for the education sector. More than 2000 school students have been trained by them over the last 14 months and over 11000 engineering students via various workshops conducted. With plans to scale up marketing extensively once funds are received they are focusing mainly on direct reach through tie ups with schools and universities for education based products and services.
There is still a high potential for robot installations in almost all industries. On global average, the robot density is still low. South Korea, Japan and Germany are the most automated countries in the world. In India, the robot density is still low and has to go a long way to catch up with the developed countries and so the success story of industrial robots are continuing in 2012 and beyond. Within a market with such high growth and potential who is to say whether JAY ROBOTIX will leave their mark forever in the Indian robotics market, only time will tell.
Website: Jay Robotix