Hyderabad-based Yitsol bets big on 5G, Internet of Things
Hyderabad: Even as the Covid-19 pandemic moved sectors to explore digitisation in a big way, technologies like 5G and Internet of Things (IoT) also paved way for industries like telecom and manufacturing to adopt digital route. These sectors need a solutions provider who can help them with device and telecom network management. One such company is Hyderabad-based Yitsol which provide IoT Device Management Solutions, Telecom Network & Resource Management Solutions to clients such as the Indian Army, AT&T, and Food Corporation of India.
The five-year-old company is now focused on Industry 4.0 wherein it is looking to provide its solutions to not just telecom and manufacturing but also work with telecom application sectors like edtech. The company has entered the 5G space and is helping telcos with testing and deployment. Similarly, it is working with manufacturing companies to deploy their IoT solutions in their production unit.
“For the last two to three years, there was a lot of discussion around digital transformation and this was heavily fuelled by pandemic. Now, enterprises have realised that they can work remotely and the second catalyst is 5G which is pushing enterprises to prioritise digitisation. Our major target is mid-size companies who would not go tier-1 solutions and 20 per cent of our focus is on newer technologies with IoT being major area for us,” said Amit Singh, CEO, Yitsol Telecom & IoT Labs.
On their expansion plans, Singh said that the company is planning to hire 10-40 people and is looking to increase its headcount by 50 people in another year. Currently, the company has a headcount of 100 people. In addition, the company is looking at offering its services in the US region as well and is planning to set up satellite offices in different regions. “In terms of clients, we have customers in Europe, Middle East and other regions and are looking at targeting countries like Maldives,” said Singh.
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