NxtQuantum founder Madhav Sheth said AI+ is leveraging his experience in the smartphone industry to build a globally competitive Indian brand, targeting ₹7,500 crore revenue this fiscal while expanding research, local manufacturing and the domestic component ecosystem
India’s smartphone market is projected to grow moderately in 2025, driven by 5G adoption, premiumisation, and strong festive demand. According to CMR, 5G phones now account for 89% of shipments, with affordable models fueling the next wave of growth
