Can you please tell us about the journey of e-con Systems?
We founded e-con Systems in October 2003 as three passionate engineers who wanted to make electronics products. One of the co-founders was my college senior, the other was a friend he met at his first job.
We started with embedded design services in the beginning. We started designing products for customers. We would do hardware design as well as software design, and the customers would take it forward and work on it.
Initially, we were doing it for some Indian companies. Slowly we got some contacts in the US and gradually we started working with many US companies.
In 2008, we figured that to continue with design services we had to either make it a big services company with thousands of people working, or else we needed to turn it into a hardware company, where we could generate more revenue and also realise our dream of making products in India. So, in 2008, we started focusing on cameras.
At that time smartphones were becoming very popular, due to which cameras were also becoming popular. It was very tricky to integrate a camera into a product. It was not only the hardware part but there were also a lot of other things; lot of knowledge about imaging and development expertise was required to integrate cameras into products.
So slowly we changed ourselves from a product design services company to an original equipment manufacturing (OEM) camera product company.
In 2013, we were around 80 to 85% a services company and 15 to 20% products company-with that sort of revenue split. Today, we are 90% product company, and the rest are customisation services. In the services sector, we get involved with customers who use our cameras. We do services for them to integrate them into the product. So that's the service part that we're doing.
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