Hyderabad: Imagine a situation wherein you can sit in your office and turn your AC off or check if anyone has entered your home. Seems unreal! But this has been made possible by Hyderabad-born Blaze Automation which unveiled its home automation and security products B.One Hub for the Indian markets on Wednesday.
The flagship product B.One Hub was researched and developed in Hyderabad while the manufacturing and operations have been done in China and the US respectively. The B.One Hub is the first of its kind home automation that enables consumers to automate and secure their homes along with controlling the ambience and entertainment.
The seven-patent product is already available in markets like Australia, New Zealand, Japan and the US and is available in India for Rs 15,000 onwards. “The company has been in operations since 2007 and for the last seven we have been doing research and development of the product from our Hyderabad office. A year ago we started producing the product and in February this year we launched B.One Hub globally. We have attracted about Rs 260 crore worth orders that translates to about 3,80,000 bookings,” informed Sridhar Ponugupati, CEO, Blaze Automation.
For the Indian market, the company is looking at a compounded annual growth rate of about 25 per cent for the next five years even as it plans to launch the product in the market in August 2017. “The Indian smart home market is currently worth Rs 8,800 crore and with a lot of thrust on safety and security we are anticipating the growth to be phenomenal. Although, there are other players in this sector but nobody can offer the price and security that we are set to offer,” said Arjun Valluri, Chairman, Blaze Automation.
The company has invested about $3.5 million on the development of this product – which is all self-funded. And going ahead it plans to raise some more funds, said Valluri, without divulging details about the amount.