Cellecor Gadgets has signed a Non-Disclosure Agreement (NDA) with two global technology powerhouses — Shenzhen H&T Intelligent Control Co. and Shenzhen Jia Zha Geye Technology Co.
This move will enable Cellecor to set up a manufacturing facility in India, a big push for Cellecor to enter high-value, next-gen electronics manufacturing.
The proposed facility will manufacture intelligent controllers, sensors, chips, semiconductor components and integrated smart solutions for various industries like consumer electronics, electric vehicles (EVs), smart homes, industrial automation and advanced chip-based technologies.
Strategic Partnership
Founded in 2012 by Mr. Ravi Agarwal, Cellecor Gadgets started as a small venture and has grown into a well-known brand in Indian consumer electronics space. This partnership marks a significant shift from branding and distribution to deep-tech manufacturing leadership.
Under the agreement:
- Joint Investment: All parties will co-develop a world-class manufacturing hub in India, based on the globally recognized “smart factory” principles of H&T.
- Technology Transfer: Cellecor will get access to over 2,000 core patents and latest research from Shenzhen H&T and Jia Zha Geye — a huge boost to Cellecor’s innovation pipeline.
- Smart Manufacturing and Digitalization: The facility will use AI, IoT, big data analytics and automation to meet domestic demand and be an export hub for Asia, Africa, Europe and Americas.
- Diversified Applications: The new production lines will cater to the growing demand of smart appliances, energy storage systems, EV components, wearable technologies and semiconductor driven smart devices.
Cellecor’s Global Partnership
Shenzhen H&T Intelligent Control Co.
Listed on Shenzhen Stock Exchange (002402), H&T is a global leader in intelligent control systems, producing over 300 million units annually for multinationals like Bosch, Whirlpool, Siemens and Electrolux.
H&T has:
- Over 1,100 R&D engineers.
- Reinvests 12%+ of revenues into R&D.
- UL Witness Laboratory certified.
Awards include Bosch Global Supplier Awards and Whirlpool Global Innovation Award.
Shenzhen Jia Zha Geye Technology Co.
A leader in advanced sensor technologies and smart automation modules, Jia Zha Geye focuses on critical automotive electronics, healthcare monitoring devices, smart vision systems and wearable tech.
Notably it is a pioneer in Doppler radar sensors, intelligent seat control modules and hands-off detection systems for industrial and consumer applications globally.
Market Timing: Perfectly Timed Move
Cellecor’s pivot couldn’t have been more opportune.
- The global smart electronics and IoT device market is expected to cross USD 1.5 trillion (~INR 127.86 lakh crore) by 2030 driven by connected devices, AI and Industry 4.0.
- Meanwhile India’s domestic electronics production is expected to touch USD 300 billion (~INR 25.57 lakh crore) by 2026 with PLI schemes, rising middle class demand and supply chain diversification initiatives.
This partnership puts Cellecor in a position to serve India’s booming demand and emerge as a global supplier of high-end electronic components.
A Wave of Returns
Cellecor Gadgets’ stock has already seen significant investor interest:
- Listed in September 2023 at INR 92 per share (pre-split), and later split 10:1 in August 2024, the stock has gained 416% in 3 years.
- As of 29 April 2025 Cellecor’s market cap is INR 1,049 crore.
- Promoter holding remains strong at 49.64%, indicating high insider confidence.
Though the stock is relatively cheap (INR 48 post-split), Cellecor’s fundamentals along with this game changing news suggests a lot of value creation potential.
Leaders Speak: Vision for the Future
Mr. Ravi Agarwal, Managing Director said:
“This is not just a business partnership — it’s a catalyst for transformational change. By combining Cellecor’s speed and market knowledge with H&T and Jia Zha Geye’s deep technology and global scale we are creating a future ready ecosystem right here in India. Together we will set new benchmarks in quality, innovation and sustainable manufacturing.”
Final Thought
Indeed as global companies look for reliable and high quality sourcing destinations beyond China, Cellecor’s move positions it as a first-mover among Indian companies to capture the shift in global manufacturing.This partnership is not just Cellecor Gadgets Limited’s business expansion — it’s who they are as a vertically integrated, innovation driven and global company.
For investors, policymakers and industry enthusiasts this is a big moment as India becomes a key player in the global high-tech supply chain. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.