Videocon Telecom made its foray into security and surveillance segment with the launch of analog and Internet-based CCTV camera, Wallcam for enterprise and government organizations. With this venture, the company expects to generate revenue of Rs 1,115 crore by 2021.
“We have a license for pan-India internet service. Now, we are building solutions for broadband services; and security and surveillance is one of the areas where we see a huge potential. We are expecting ₹175 crore revenue from this segment in the current fiscal and ₹1,115 crore by 2021 from sales in the retail network,” said, Arvind Bali, Chief Executive Officer, Videocon Telecom.
The analog and Internet protocol based CCTV camera is in the range of Rs 1,500 to Rs 2.5 lakh a unit.
The company aims 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 IoT solutions.
Videocon is said to provide cloud storage back-up for recordings of these cameras at its datacenter 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,” said Bali.
The company will make the surveillance cameras in India and export them to Europe. The initial focus of the company will be on 11 states in india like Delhi NCR, Maharashtra, Gujarat, Punjab, Uttar Pradesh, Himachal Pradesh, Karnataka, Andhra Pradesh and Haryana.
“We will leverage our existing nationwide network for the new business. To start with, we will strengthen sales and after-sales network across 11 states. In Europe, we have our base in Poland from where we will serve to CIS countries,” he said.
“We will soon expand our fibre and broadband network in Delhi NCR, Madhya Pradesh, Chhattisgarh and Gujarat, where we will bundle CCTV solutions, along with broadband services,” Bali further added.
Bali said that the company is already engaged with government organizations and enterprises for the security and surveillance solutions.
“We will provide after-sales service from about 1,000 centres across the country,” Bali said.