Millennium Post

Videocon Telecom eyes Rs. 1,115 crore biz from CCTV solutions by 2021

Videocon Telecom eyes Rs. 1,115 crore biz from CCTV solutions by 2021
Videocon Telecom on Tuesday ventured into security and surveillance segment with launch of analog and Internet-based CCTV camera, WallCam, from which it expects to generate revenue of Rs 1,115 crore by 2021.

"We have licence for pan-India Internet service. Now, we are building solution over broadband services. Security and surveillance is one of the areas that we see have huge potential. We are expecting Rs 175 crore revenue from this segment in the current fiscal and Rs 1,115 crore by 2021 from sales in retail network," Videocon Telecom CEO Arvind Bali told reporters here.
The company unveiled analog and Internet protocol based closed-circuit television (CCTV) camera in the range of Rs 1,500 to Rs 2.5 lakh a unit.
It is looking at a total consolidated revenue of Rs 1,658 crore in the current financial year, which includes Rs 1,358 crore from other segments like broadband, smartphones and other Internet of Things solutions.
Videocon will provide cloud storage back-up for recordings of these cameras at its data centre in Mohali. "The cloud will protect video recorded by these cameras as the recording will remain unharmed in case there is any local damage. Consumers will get access to see recordings on their mobile. There are only a few established players in this segment. Our telecom technologies will give us edge over others," Bali asserted.
Agencies

Agencies

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