The President and CEO of Qualcomm, Cristiano R. Amon, met with Prime Minister Narendra Modi on 11 October to talk about India’s progress in artificial intelligence, innovation, and skill development.
The Prime Minister conveyed gratitude for Qualcomm’s dedication to India’s AI and Semiconductor Missions. India has unparalleled talent and scale to develop innovations that will influence our shared destiny, he said.
Amon Thanked PM Modi for His Continuous Efforts in AI
Cristiano Amon expressed gratitude to the Prime Minister for the insightful conversation about bolstering Qualcomm’s collaboration with India in support of the IndiaAI and India Semiconductor Missions, as well as the 6G transition. He emphasised how India might become a hub for AI smartphones, PCs, smart eyewear, the automotive and industrial sectors, and more.
“Talking about India’s advancements in AI, innovation, and skilling during our discussion with Mr Cristiano R. Amon was fantastic. It’s encouraging to see Qualcomm’s dedication to India’s AI and semiconductor initiatives,” PM said. He further explained in a post on X, stating, “India offers unparalleled talent and scale to build technologies that will shape our collective future.”
Amon Responded PM Modi’s Post
Cristiano Amon responded to PM Modi’s post by saying that the prospects for creating an Indian ecosystem in domains like AI cellphones, PCs, and smart eyewear are encouraging. “Thank you, Prime Minister @narendramodi, for the excellent discussion on expanding the collaboration between India and @Qualcomm to assist the IndiaAI and India Semiconductor Missions and the 6G transition.
The prospects for creating an Indian ecosystem including AI smartphones, PCs, smart eyewear, automobiles, industries, and more inspire us,” the CEO of Qualcomm stated. Walter Russell Mead, a distinguished fellow at the Hudson Institute, an American think tank, led a visiting US team of business leaders and thinkers that Prime Minister Narendra Modi met with earlier this week.
Following the meeting, Prime Minister Modi expressed his gratitude for their role in “strengthening India-US ties and advancing our partnership for global peace, progress, and prosperity.”
Quick Shots
•PM Modi meets Qualcomm CEO Cristiano Amon on 11
October to discuss India’s AI, innovation, and skill development initiatives.
•Talks focused on bolstering Qualcomm’s
collaboration in these strategic programs.
•Discussion included India’s roadmap for
next-generation telecommunications.
•Qualcomm sees potential for AI smartphones, PCs,
smart eyewear, automotive, and industrial applications.
•Highlighted India’s talent and scale to drive
innovation that shapes the global future.
•Emphasized the prospects for building a robust
Indian ecosystem across AI and tech sectors.
With the growing digital platforms, our lives have become very convenient and amusing. We are an evolving species, continually evolving into a better version of ourselves, and adapting to the world of technology. It’s likely to say that our lives wouldn’t be the same without these digital platforms. It would be a wicked question to ask, can you imagine yourself living with no digital or electrical devices? No, right? Well, you can’t deny the obvious statistics.
Not only playing, but these devices are an essential part of professional and students’ lives as well. These electrical and digital devices, like smartphones, laptops, iPads, electrical equipment, appliances, and many more, are controlled by a small electrical chip, called a Semiconductor.
Semiconductors are located between the conductor and insulator to provide the minimal amount of necessary electricity for our devices to function smoothly, and are used by the best electronics company in the world.
Over the past years, semiconductor companies have evolved into brilliant functioning and power with affordable, cheap rates. Because of the advancements made by the companies, semiconductors have become the foundation of the digital developing world and function conveniently.
Top Semiconductor Companies
Over the past few months, the world has been facing a shortage of semiconductors because of the increasing demand. This has resulted in long waiting periods across many industries, such as cars, appliances, and electronics. Many products have also increased their prices because of this issue. Now that you know how valuable semiconductors are, this article will list the 16 largest semiconductor companies in the world.
DRAM, NAND flash, and high-performance memory for AI and servers
DRAM, NAND, HBM (High Bandwidth Memory)
NVIDIA
Company Name
NVIDIA
Revenue
$60.9 billion (2024)
Headquarters
California, United States
Market Cap
$1.123 trillion
Top 15 Semiconductor Companies – NVIDIA
NVIDIA is a leading IT company that is dominating the market with its artificial intelligence hardware and software products. It is one of the largest producers of powerful graphics processing units (GPUs) and is well known for developing integrated circuits. NVIDIA has more than 50 offices worldwide, which hold the strength of 26,916 employees. Its GPUs are used to develop accurate automated solutions for manufacturing semiconductors.
Taiwan Semiconductor Manufacturing Co. Ltd. involves working through an independent pure-play foundation that also formulates integrated circuits. It delivers great quality products and services. This Taiwanese company is also among the leading semiconductor manufacturing companies by market cap. It had 73,090 employees at the end of 2022.
Samsung
Company Name
Samsung Electronics
Revenue
$207.6 billion (2024)
Headquarters
South Korea
Market Cap
$359.15 billion
Top Semiconductor Companies – Samsung
Samsung Electronics is counted among the largest chip manufacturing companies in the world. It works with around 270,320 employees worldwide. Samsung Electronics ranked first on Forbes World’s Best Employer for 2022. Its semiconductors are brilliantly functioning and are usually used in tablets and smartphones, especially Samsung devices.
Broadcom
Company Name
Broadcom
Revenue
$51.6 billion billion (2024)
Headquarters
San Jose, California
Market Cap
$358.12 billion
Top Semiconductor Companies – Broadcom
Broadcom offers a wide range of semiconductors and products based on software infrastructure. It is the largest semiconductor manufacturer with a product line that provides tons of services for networking, wireless, storage, broadband, data centers, and the industrial market. It has 20,000 employees in 30 countries around the world. It delivered the world’s first 50G Automotive Ethernet Switch and announced the availability of the world’s first Wi-Fi 7 Ecosystem Solutions. The semiconductor industry in world is rapidly growing, driven by increasing demand for AI chips, memory, and advanced electronics across multiple sectors.
ASML
Company Name
ASML Holding Semiconductors Company
Revenue
$30.5 billion (2024)
Headquarters
Veldhoven, Netherlands
Market Cap
$242.74 billion
Best Semiconductor Companies in the World – ASML
ASML stands for Advanced Semiconductor Material Lithography, which signifies its specialization in the development and manufacturing of photolithography machines that are used to produce computer chips. It is the largest supplier of semiconductors in the world and the sole supplier of extreme ultraviolet lithography (EUV) photolithography machines. These machines are required to manufacture the most advanced chips.
AMD
Company Name
Advanced Micro Devices
Revenue
$25.8 billion (2024)
Headquarters
Santa Clara, California
Market Cap
$174.03 billion
Top Semiconductor Companies in World – AMD
AMD (Advanced Micro Devices) is an incredible semiconductor manufacturing company that works in computer processing. This company also develops other computing devices such as motherboard chipsets, flash memory, graphics processors, and others.
Intel
Company Name
Intel
Revenue
$$53.1 billion (2024)
Headquarters
Silicon Valley, California
Market Cap
$162.11 billion
Top Semiconductor Companies – Intel
Intel is a popular semiconductor manufacturing company that works with more than 131,900 employees in 46 countries. Intel develops semiconductors with the finest manufacturers of the x86 series of microprocessors that work best in PCs and laptops. Talking of diversity, of its total workforce, 25.9% are female and 17.7% URM.
Texas Instruments
Company Name
Texas Instruments
Revenue
$15.641 billion (2024)
Headquarters
Dallas, Texas
Market Cap
$149.23 billion
Top Semiconductor Companies – Texas Instruments
Texas Instruments is one of the oldest yet biggest semiconductor companies in the world. With its incredible 90 years of journey, it is obvious with the trends. It produces some of the best and most delicate semiconductors that work incredibly well for customers, and the best electronics companies in the world currently use it.
It is also rated as one of the best companies to work for. Its 15 manufacturing sites worldwide produce 80,000 products for over 100,000 customers.
QUALCOMM
Company Name
Qualcomm
Revenue
$$38.96 billion (2024)
Headquarters
San Diego, California
Market Cap
$125.70 billion
Top Semiconductor Companies – Qualcomm
Qualcomm is quite a remarkable company that works in manufacturing semiconductors and markets wireless communication products. Several telecommunication companies around the globe use Qualcomm’s patented CDMA technology. Qualcomm has been a crucial part of the development of wireless communications and semiconductors.
Applied Materials
Company Name
Applied Materials
Revenue
$27.18 billion (2024)
Headquarters
Santa Clara, California
Market Cap
$120.94 billion
Top Semiconductor Companies – Applied Materials
Applied Materials has grown exponentially over the years. It also provides semiconductors for flat-screen TVs, computer chips, and solar devices and has become a top semiconductor manufacturer over the years. The company handles some exclusive complex processing to form these products and delivers great service.
Analog Devices
Company Name
Analog Devices Inc.
Revenue
$9.4 billion (2024)
Headquarters
Wilmington, Massachusetts
Market Cap
$87.78 billion
Top Semiconductor Companies – Analog Devices
Analog Devices Inc. is a prominent American multinational semiconductor company that works in the areas of data conversion, signal processing, and power technology. The company is popular for constructing analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) used in electronic equipment. These techniques are used to regulate “real-world” functions such as temperature, speed, sound, and electrical current. ADI has 24,450 employees who are dedicated to ensuring the growth of the company.
Lam Research
Company Name
Lam Research
Revenue
$14.905 billion (2024)
Headquarters
Fremont, California
Market Cap
$87.28 billion
Top Semiconductor Companies – Lam Research
Lam Research is a leading company that manufactures advanced semiconductors. It works around the globe, including Japan, China, Taiwan, Korea, and Europe. Besides this, it also delivers some great products such as wafer cleaning, film deposition, and more. It had 17,200 employees in 2023, an 8.2% decline from 2021.
Micron Technology
Company Name
Micron Technology
Revenue
$25.11 billion (2024)
Headquarters
Boise, Idaho, US
Market Cap
$77.60 billion
Top Semiconductor Companies – Micron Technology
Around the globe, Micron Technologies is the only company that manufactures semiconductors based in Idaho. It specializes in data storage and data processing for computers. Over the years, this company has remained at the top as it has developed some incredible and impressive products. Micron Technology has 40,000 employees in 17 countries.
Synopsys
Company Name
Synopsys
Revenue
$6.127 billion (2024)
Headquarters
Mountain View, California
Market Cap
$71 billion
Top Semiconductor Companies – Synopsys
Synopsys is a well-known electronic design automation (EDA) company that supplies tools and services to the semiconductor design and manufacturing industry. The company focuses on silicon design and verification, silicon intellectual property, and software security. Synopsys has a widespread network around the globe with its offices located across 18 European countries and employs 19,000 employees worldwide.
Tokyo Electron
Company Name
Tokyo Electron
Revenue
$12.09 billion (2024)
Headquarters
Minato City, Tokyo
Market Cap
$66.87 billion
Top Semicon Companies – Tokyo Electron
Tokyo Electron Limited (TEL) is one of the world’s largest manufacturers of semiconductor production equipment. Tokyo Electron has a brand reputation as a supplier of the best fabricated integrated circuits, photovoltaic cells, and flat panel displays. Tokyo Electron Devices (TED), a subsidiary company of TEL, is popular for its specialization in semiconductor devices, electronic components, and networking devices. TEL has 26 group companies with over 15,140 employees worldwide.
‘Semiconductor Manufacturing Process’ Explained | ‘All About Semiconductor’ by Samsung Semiconductor
SK Hynix
Company Name
SK Hynix
Revenue
$45.97 billion (2024)
Headquarters
Icheon, South Korea
Market Cap
≈ $157 billion
Top Semiconductor Companies – SK Hynix
SK Hynix is the world’s second-largest memory chip maker after Samsung, supplying DRAM, NAND flash, and multi-chip packages used in PCs, servers, smartphones, and consumer electronics. The company holds over 20% of the global DRAM market and is already mass-producing advanced 128-layer and 176-layer 4D NAND flash chips. With major fabs in South Korea and China, it also provides specialty foundry services for image sensors and display driver ICs. SK Hynix has committed $97 billion to fab expansions and upgrades through 2025, while also expanding into high-performance and AI-driven memory to support the fast-growing demand from cloud, data centers, and next-generation devices.
Conclusion
Life without electronic devices is hard to imagine. They have become an important part of our lives to make every task handy. Technology is evolving every day, and to keep up with that, the right semiconductor is required in our electronic devices. Through this article, we presented the top 15 biggest semiconductor companies in the world that provide the best facilities and advanced features to meet the increasing demand for semiconductors.
FAQs
Is the semiconductor industry dying?
In 2019, the global semiconductor industry suffered, and its revenue fell 12% to $412 billion but it returned to growth in 2020. In 2021, global semiconductor sales reached $595 billion and grew to $618 billion in 2022.
How big is the semiconductor industry?
The global market size of the semiconductor industry was $618 billion in 2022 and is expected to reach $596 billion in 2023 (a fall of 3.6%).
Which company manufactures the most semiconductors in the world?
Taiwan Semiconductor Manufacturing Co. TSMC manufactures the most semiconductors in the world. TSMC has emerged over the past several years as the world’s most important semiconductor company, with enormous influence over the global economy.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by LegalWiz.
One of the biggest challenges an entrepreneur faces while starting a startup is in the legal aspect of things. From company registration to trademark and copyright registration, from tax filling to accounting, there is lot to take care of. For a startup, it’s overwhelming to manage all by itself. As such, outsourcing these tasks to a reliable organization is very important.
LegalWiz, a startup based in Ahmedabad is here to manage all the legal and accounting tasks of startups with simplicity and transparency.
Startuptalky interviewed, the Co-Founder of LegalWiz, Shrijay Sheth to share his experience, information and learning from LegalWiz.
LegalWiz, a startup based in Ahmedabad is here to manage all the legal and accounting tasks of startupswith simplicity and transparency.
LegalWiz provides a simple, affordable, and transparent way of procuring business professional services. It adds value by saving time and resources for entrepreneurs, which they can then use in their core business.
The services of LegalWiz include Pvt. Ltd. company registration, trademark registration, proprietorship registration, Limited Liability Partnership registration, GST returns filling, and other types of business registration, Intellectual Property Registrations, Accounting & Bookkeeping, Custom Legal Document Drafting, and more. LegalWiz covers many services that are generally offered by a CA, CS, Lawyer, or other business professionals in India. In other words, we are a Legal Tech company that helps Startups & SMEs with business professional services, taxation, and legal compliance.
LegalWiz doesn’t charge any hidden costs.
For a Private Limited Company’s registration, it charges Rs 7,999. For a sole proprietorship registration, LegalWiz charges around Rs 2,998, which includes everything. There are various other packages too, the charges of which are mentioned below:
LegalWiz Services and Costs
LegalWiz Technology Used
Some of the technologies that LegalWiz leverage are LifeRay, PowerBI, MySQL, Google Analytics, Angular, SnowFlake, Python, R etc. Besides these, LegalWiz is highly active across social media and in the startup ecosystem. Its blogs are highly informative and a credible source of information to customers & non-customers alike. LegalWiz leverages organic PR & Communications as well. In-house training to upgrade the responses of the company to its customers is a vital component in LegalWiz’s arsenal. Its “Stand-Up” meetings are a daily feature, so everyone involved gets a birds-eye view of the ongoing activities.
LegalWiz – Founders and Team
Shrijay Seth and Namann Pipara are the founders of LegalWiz.
FOunders of LegalWiz
Shrijay Seth
Shrijay Seth is an eCommerce industry veteran and an entrepreneur with 10+ years of experience in working with businesses across the globe, mostly technology-driven. His educational background lies in commerce and business. Shrijay has completed my Bachelors in Commerce and PGD in Financial Analysis from Gujarat University. Later, he did an MBA in Corporate Finance from San Diego State University, California. He founded LegalWiz with Namann Pipara in 2016.
Prior to that, Seth has been a consultant to some of the highly disruptive eCommerce ventures like Qualcomm, Bouqs (a SharkTank featured company), and LegalZoom (a world leader in Legal eCommerce). Seth also founded Hire4Higher Consulting, just before LegalWiz, and is presently serving as a Founder in that company too.
He is a true believer of the people-first philosophy and largely credit his development to the travel opportunities that he has got, both, in a professional and personal capacity. Shrijay loves to travel – major attractions being meeting new people and experiencing a variety of food. Moreover, he loves to eat and cook also! Being brought up in a joint family, values of sharing and caring are important to Seth. In his spare time, he loves to watch TV with family while his spare time alone is mostly spent watching videos (productive or random) on YouTube. Shrijay is also a big fan of the Wikipedia model and believes in perfection through iteration.
Namann Pipara
Namann Pipara is another Co-founder of LegalWiz. He had graduated with a BCom. degree from H.L.I.C and topped it off with a Chartered Accountancy degree. Pipara founded LegalWiz with Shrijay in April 2016 and is still serving as a Co-founder of the same company. Pipara is also a partner at Pipara & Company.
Shrijay met Namann at a business professional networking event. Namann (and his family) represented a scaled-up conventional CA firm then. Namann has been referred by Shrijay as a Chartered Accountant and an expert at company laws, income tax, and other relevant subject matters. With Shrijay’s background in Legal eCommerce and the knowledge base that Namann had, they knew that they had found a good duo for creating a comprehensive solution. This resulted in LegalWiz.
LegalWiz Team
Currently, LegalWiz has 30+ employees, including in-house professionals such as CAs, company secretaries, lawyers, web developers, and designers. It also has 50-plus affiliates.
LegalWiz Hiring Strategy
It really depends on the role that the company is hiring for. Some need the candidate to hit the grounds running. LegalWiz really looks for background and expertise. However, many positions that the company now builds are more to create a team that is worthy of this ride and specific seats can be picked later. The company knows that it is going to grow as fast as the slowest person on the team, so it really needs people to join with high growth expectations and who are willing to set higher standards for the existing team. Integrity, willingness to learn and grow, and being super fun is important for the hiring of LegalWiz.
LegalWiz Work Culture
I was once told by someone (that I consider to be a great leader and inspirational personality) that talent needs a transition, said LegalWiz founder Shrijay Seth.
Either it transitions up or transitions out. I promise myself every day that when I enter the office daily, I come not as a boss but as someone who will eventually be accountable for the growth of everyone’s career who are associated with LegalWiz. The culture here is to learn, deliver, and grow. We are ok making mistakes as long as we have the willingness to correct them. Empowerment and accountability are two things you can expect at the least being part of LegalWiz team, added Seth.
Currently, LegalWiz has a team of 25+ professionals including chartered accountants, company secretaries, lawyers, as well as software & digital experts.
The company’s main focus is on training and development. The LegalWiz team is aggressively focusing on training and development to achieve its set growth target.
LegalWiz – Idea and Starting Up
Shrijay Seth worked with a similar business model (LegalZoom) in the US that was highly scaled and profitable. He knew India also needed something similar, but for different reasons. The founder duo thought transparency, accountability, and simplicity were three major improvements that they could offer to the status quo of the business professional services industry in India. As they scaled to be a one-stop solution for multiple services, they know that cost efficiencies are surely coming as a by-product and can be directly passed on to the customers. Co-founder, Namann Pipara, is a partner at a conventional CA firm. “When we met, we knew that together we could create a disruptive value proposition”, said Shrijay Seth.
LegalWiz – Mission and Vision
LegalWiz’s mission is “to become the most “Trusted” brand in professional services industry”.
The vision of LegalWiz is: “Creating the much-needed access for Startups and MSMEs to avail high-quality services at affordable pricing and with the highest level of transparency in trade”.
LegalWiz – Name & Logo
As mentioned by Shrijay Seth, the “Legal” in the company name, signifies business professional services whereas the “Wiz” denotes the excellence of the company at what they do while also reinforcing the online medium that it leverages.
LegalWiz Logo
The logo is abstract – designed by Kathan Kothari, a famous NID designer with many accolades to his credit. In keeping with the company’s credo of “Simple”, it shows a filing system – a conventional way of representing the business (Filings) while it also is a Bar graph, denoting growth.
LegalWiz – Business Model and Revenue Model
The business credo of LegalWiz is “Simple-Affordable-Transparent“. The company focuses on delivering best-in-class services to its clients. Hence, a huge chunk of the LegalWiz business is from repeat customers. It resolves the customer requirements, keeping them at the center of their operations. This has helped the company win accolades and growth at a sizzling pace.
The revenue model of the company is simple, it charges for the services that it provides. Also, the services that LegalWiz offers are very transparent. “What you see on the site is what you pay and get”, is what Seth has added while referring to its services. There are no surprises and all of its services are backed by a 100% satisfaction or money-back guarantee.
LegalWiz has an opportunity to interact with startups at a very early stage, as early as the very initial stages of the business when the entrepreneur is thinking to start his/her business. The company aims to grow with a larger vision, where it can provide various self-fulfilled and closely curated affiliate services to stay its growth partner in the future.
LegalWiz has seen a good expansion. Till now, LegalWiz has served over 6000 startups and MSMEs. It has over 5,000 paying clients across India. Its clients include startups like eChai and CricHeros. Its larger clients include TOI, Flipkart, Bank of Baroda, Instamojo, CNBC, Tech Story, RazorPay, YourStory, and more.
LegalWiz Achievements
650 paying customers within the first 9 months of operation
60% growth in customer retention in 2018
20% consistent growth every quarter in 2018
A referral score of 9.6/10
It is offering services to more than 6000 startups and small businesses
LegalWiz’s revenue was last recorded at $113K on Dec 31, 2018.
LegalWiz – Funding and Investors
On January 5th, 2021, Legalwiz.in raised funding worth Rs 3.8 crore from ContCentric IT Services Private Limited. ContCentric, an Ahmedabad-based enterprise content management company, is leveraging portal and ECM solutions for addressing the needs of clients globally.
This investment will help LegalWiz to optimise its performance and create new avenues for delivering greater value.
ContCentric will be the investor and technical development partner in this relationship. Our proven expertise in automating business operations will help boost efficiencies, improve customer onboarding, and the customer experience for Legalwiz.in. ContCentric aims to increase our offerings and include financial investment and mentoring, homegrown product, and technical partnership along with our current ECM and portal development services. The resulting synergies will help us demonstrate our capabilities and also further build our reputation as an investor.” Says, Gaurav Barot (CEO, ContCentric)
Though LegalWiz has a great quality of service, communicating the value to the audience is important. It functions as a true eCommerce company in that sense and leveraged multiple channels of marketing since day one. The initial set of customers came in with some paid marketing and PR, along with great support from friends and family. Later, referral and repeat buyers became a significant chunk whom the company serves on an ongoing basis.
LegalWiz – Challenges
There were several challenges, some we nailed and some we took as learning for next time. A major challenge in the early days was to create a culture within the company that is accepted both by business professionals (CA/CS/Lawyers) and tech people. They practically come in with a very different work life expectations and needs to be catered differently as well – while making sure it all rhymes well to achieve a common vision. It required a good amount of mentor-ship from the management and a great deal of understanding from all employees to get us where we are today, proudly so! – Shrijay Sheth
LegalWiz – Competitors
There are many service providers like LegalWiz in the market, most of which started during 2019-2020. However, the market for business professional services in India is huge, worth multi-billion dollars, and is annually growing. LegalWiz sees VakilSearch, LegalRaasta, and MyOnlineCA, as fellow service providers – and is charged with positivity whenever it crosses their growth stories. LegalWiz sees them more like a market validation and contributor to the growing industry of legaltech than just competitors. Nonetheless, LegalWiz thrives to become a leader here, and its major focus is always on the service quality.
“We want to be the most customer-centric business professional services company in India”, said Shrijay Seth. Apart from that, there are plans to serve as a SaaS company, thereby extending some Saas products as new products for its customers that will help them manage their taxation, compliances, and other business-related processes. LegalWiz strives to make every business follow the law and simplify their legal journey.
The company aims to grow further, and to achieve this growth, the company is working on providing a smoother customer experience.
LegalWiz – Founder’s Advice
“Don’t be judgmental. People are never wrong, they are mostly different. Work incredibly hard and stay true to your dreams. It may be very difficult, but you will find people who can help – thus, networking & tapping the ecosystem is vital.”
LegalWiz is a legaltech company that is headquartered in Ahmedabad, Gujarat, India, and aims to provide quality, professional legal services, for startups, small businesses, entrepreneurs, and individuals.
Who are the founders of LegalWiz?
LegalWiz has been founded by Shrijay Seth and Namann Pipara.
Company Profile is an initiative by StartupTalky to publish verifiedinformation ondifferent startups and organisations. The content in this post has been approved by Housejoy.
Though there are several startups in the home-maintenance segment, the sector is still dominated by non-organized players. One of the leading startups in this sector is Housejoy. Housejoy’s end-to-end technology-driven solutions for all home-related needs – right from construction to maintenance are paving a way for an indeed unique experience for its users.
Led by Sanchit Gaurav, Housejoy has kept cutting-edge technology at the core of all solutions and has a transparent and automated end-to-end process. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and the growth seems unstoppable. Get an insight into the Success Story of Housejoy, its business model, founders, revenue, funding, competitors and more.
Started in 2015, Housejoy is a leading tech-driven Construction, Renovation, Interiors and Home Maintenance company catering to all home-related needs of Indian consumers. The company offers end-to-end technology-driven solutions for all home-related needs, from construction to maintenance.
The company is a pioneer in introducing geo-targeted technology when it comes to home services. Housejoy has its services running in 6 cities with more than 10 categories, that too in a highly fragmented sector.
The app and website of Housejoy are akin to a cab booking system where you are first asked to provide your location and then book a service. Once the user selects a location, various services available in that area are displayed to the user. It works similar to food delivery apps like Swiggy and Zomato.
Like many other online platforms, users can pay through online modes, banks, and cash. The app was wildly successful and was known for its reliability with more than 1 million customers and 500,000+ downloads in its initial years.
Housejoy – Founders and How it Started?
Housejoy was founded by Arjun Kumar and Sunil Goel, Sanchit Gaurav in 2015. Housejoy founders Arjun & Sunil quit the startup in 2017.
Arjun Kumar and Sunil Goel, Founders of Housejoy
Saran Chatterjee was the CEO of the company from 2015 till recently, he is now a member of the board. Sanchit Gaurav joined him in 2018. The company is now led by Mr Sanchit Gaurav the CEO and founder of Housejoy.
Sanchit Gaurav, Co-founder and CEO of Housejoy
Sanchit has close to 16 years of experience in the Indian real estate market. A serial entrepreneur, he founded Gaurav Housing Development Private Limited in 2012. He is also a Director at Altima Realty and Infra Private Limited.
Sunil Goel worked in the IT leadership team for two decades in TESCO and eventually switched his job to TutorVista as the head of operations. Sunil launched a video platform to pre-screen candidates before they are hired by a company. This platform was named VU First.
While Sunil was working in TutorVista, he met Arjun. Bookadda was the startup initiated by Arjun and he had raised $5 million in funding for this venture. Bookadda was eventually acquired by Sapna Group.
Arjun had worked for MakeMyTrip. He had experience working in different fields like product development and payment systems at different companies. While Sunil and Arjun were exchanging various ideas for startups, they felt there are several issues with home cleaning and maintenance. It was a realization of the tremendous potential in this field.
After working on their startup for around 3 years, the duo called it to quit. Many uncited sources say that the founders were forced to quit by the board members.
Housejoy has recently made several high-level appointments to its senior leadership team with a focus on innovation and digital transformation, including bringing on board –
Gaurav Joshi as Senior VP, Growth and Strategy
Arpan Biswas, VP, Marketing
Neelima Ronanki as Associate Vice President, Design
Deepak Thakur as Vice President, Product and Technology
Housejoy’s team also includes experienced Designers, Architects, Structural Engineers, Engineers, Site Supervisors, Quality Controllers, and Sales Representatives.
Pallavi Vijaydeep, Lead Interior Architect.
Tibin A is VP, Founder and CEO’s office, Customer Experience and Process Excellence
Housejoy started as a home maintenance and improvement brand that offered a variety of services including plumbing, carpentry, electrical services, pest control and beauty in five major cities across India. The company has now expanded its offerings to tap the almost $30 billion home construction market in India which is currently dominated by unorganized sector operators.
The conventional, unprofessional and non-tech-based approach often leads to a lot of problems for its consumers. Timelines are not adhered to, handovers get delayed, there is no accountability of schedule or cost-overruns, and at times, plans are altered without the consumer’s approval.
Even the quality and costs of materials used in construction are usually concealed from the customers. Housejoy understands these pain points and is committed to providing clients with a one-stop-shop offering 360-degree home construction and home services solutions.
Housejoy also focuses on bringing specialized beauty and wellness services to the customer’s doorstep. The on-demand salon and beauty services by trained and experienced beauticians include skin care, hair and makeup, and bridal and spa services using high-quality products.
The founders then decided to launch a startup that provides services at home and wanted a name that depicted the offerings. They came up with Housejoy which means the joy of being served at your home with satisfaction.
The logo of Housejoy is the roof of a house and under that roof is a smile which depicts the name Housejoy.
Housejoy – Business Model and How it Works?
Housejoy works on a marketplace business model wherein they charge a commission for the services delivered through their platform. The commission ranges from 5% to 15% depending on the category. Customers can choose a service from either their website or mobile app and book the same. Housejoy works as a mediator between service providers and consumers.
The brand offers its services on its website and mobile app. Customers simply need to choose a service from the available options and book it. The service provider will reach the customer’s house and perform the task. Housejoy works as a mediator where service providers and consumers can find each other and connect.
Housejoy – Revenue
Housejoy reported revenue of INR 136 crore in fiscal (2019-2020) which is 4x times more than in 2018. Housejoy’s Construction and Renovation business is growing at the rate of 20% MoM and their future plans include building 2000 homes in less than two years.
The company has also seen a massive increase in demand for its house sanitization and fumigation services which is expected to continue rising over the course of the next year.
Revenue grew 19% In FY18 i.e. INR 37.85.
In FY 17, revenue was INR 31.79 Crore.
Losses shrunk by 29.44 %, from INR 70.2 crore to INR 49.53 crore in a span of one year ending March 2018.
Housejoy – Funding and Investors
Housejoy has so far raised a total funding of $30.3 million from investors such as Amazon, Matrix Partners, Growth Story, Vertex Ventures, Qualcomm, and others.
Date
Amount
Series
Investors
June 2015
$4 Mn
Series A
Matrix Partners
December 2015
$23 Mn
Series B
Amazon, Matrix Partners, Qualcomm Ventures, ruNet
December 2018
$1.34 Mn
Bridge Round
Matrix Partners
December 2018
$1.58 Mn
Bridge Round
Vertex Ventures, RTP Ventures, Sama Capital,Qualcomm Ventures
The construction sector is labour intensive and hands-on. This is one of the foremost challenges that a startup like Housejoy faced in this domain.
“However, we keep everything streamlined with technology and ensure that any loopholes are addressed in a timely manner” says the team at Housejoy
Another challenge was the lockdown imposed after the COVID-19 outbreak which led to the disruption of its services. Initially, Housejoy operated for about a week by reducing the on-site presence of its workforce. However, work has picked up now and it has seen an increase in demand.
In future, the lean organizational structure where the number of on-site or in-house employees will be less will become a norm. The team at Housejoy are also going to focus on further automation of services so that the least possible disruption is caused to its services during any such unforeseen crisis.
Housejoy – Competitors
There are several companies and startups entering the home construction domain. Some competitors of Housejoy in the home-maintenance segment include Urban Company, Brick and Bolt, UrbanPro, Helpr, SBricks, Mr Right, Timesaverz, Bro4u, EasyFix, and Home Triangle.
Despite all the growth, the sector is still dominated by non-organized players. Housejoy’s vast expertise and in-depth understanding of consumer behaviour and needs have helped them create a unique profile. They have kept cutting-edge technology at the core of all solutions and have a transparent and automated end-to-end process. This ensures that all major stakeholders such as customers, sales teams, architects, designers, project managers and on-site engineers as well as the quality control and accounting personnel are on the same page.
Housejoy – Future Plans
Expansion of existing services and the addition of new areas is key for any organization. Housejoy has diversified its portfolio over the years in order to augment the business.
The Covid-19 pandemic highlighted the importance of branching out and innovation, even more. For instance, they have been focusing on constantly strengthening and modifying their service model by following customer feedback and inputs.
Post-Covid too, there will be a lot of focus on personal hygiene and sanitation. More people would opt to buy everything including groceries online. Housejoy has been receiving a lot of demand for organized at-home services and will be focusing on their on-demand beauty services too.
The company recently launched home fumigation services and is gearing up to do all that it can as a brand to ensure it helps its customers while ensuring the sustainability of the business. The overall goal of the platform is to become the largest tech-enabled construction and home services platform in India
Housejoy – FAQs
Is Housejoy shutting down?
No, there were rumours that the company might shut down but Housejoy confirmed that they are not shutting down and are planning to grow their services in India.
Who are the competitors of Housejoy?
The biggest competitors of Housejoy today are UrbanClap, TaskRabbit and Urban Pro.
What is the revenue of Housejoy?
Housejoy had a revenue of INR 136 crore in 2019-2020 which is 4x times more than in 2018. Housejoy’s Construction and renovation business is growing at the rate of 20% MoM.
What is the business model of Housejoy?
Housejoy works on a marketplace business model where the company charges a commission for services delivered through its platform. The commission varies across different categories. Some range from 7% to 10%, others lie in the range of 10% to 15%, and in the case of high ticketing services like construction and renovations, the commission may go up to 20%.
How much funding has Housejoy raised?
Housejoy has raised a total of $30.3 Million of Funding to date. Its most recent funding was led by Matrix Partners, Vertex Ventures, RTP Ventures, Sama Capital, Qualcomm Ventures and Ganesh Krishnan for $3.24 Million.
The 5G era is proving to be a game-changer for the Indian telecom industry. The second most populous country in the world is India with a total of 1.2 billion internet users. Indian telecom companies are constantly on the lookout for new innovative ways to boost the growth of digital medium and the market is ripe with abundant startups that seek to disrupt the Industry with smarter supply chains and manufacturing models.
Let’s have a look on the Case Study of Jio in the light of how Jio is Leading the 5G Race in India.
Reliance Industries owned Reliance Jio is the first of the few Indian companies to launch into the 5G technology space with the likes of global competitors such as Samsung Electronics, MediaTek, Huawei, Ericson, Nokia, Qualcomm who have been implementing rollouts of 5G networks. With the rise of ‘Made in India’ initiatives proposed by the Government of India, In December 2020, the chairman of Reliance Industries, Mukesh Ambani had revealed that his telecom company, Jio, would launch 5G networks in the second half of 2021.
Jio is building the 5G infrastructure by using native developed technology for its hardware, network, and technology components, said Mukesh Ambani the chairperson of Reliance Industries. Reliance has achieved this without any help from Chinese telecom companies such as Huawei and ZTE, being a testament to the AtmaNirbhar campaign led by the Indian government to keep Chinese products out of the marketplace.
The latest news from Reliance Industries said that they had achieved high speeds of 1Gbps in the initial testing phase. The rollouts will officially begin after the spectrum is auctioned.
According to the telecom major Jio, 5G would be integrated with autonomous vehicles, connected drones and remote healthcare services, ultra-high-speed mobile internet speeds and mixed reality which can help in creating more employment.
How 5G will Revolutionize the Indian Telecom Industry
India is one of the most digitally connected countries in the world and to keep this up, we need to maintain a lead and bring the rollout of 5G networks across the nation. There is also a need for affordable smartphones as almost 300 million mobile users in India are caught in the 2G era.
With 5G plans, we need a smartphone that can adapt to this network, and with this comes the need to produce an affordable smartphone. Reliance led Jio, Bharti owned Airtel had successfully demonstrated its capability to rollout 5G wireless service in Hyderabad, beating Jio in the race to be the first Indian telecom provider to run 5G services on its existing commercial network.
Need for a Smarter and Affordable Platform-Reliance JioGenNext Platform
To boost growth in the fields of agriculture, education, healthcare, Infrastructure, Financial Services, Jio platforms have connected with over 20 startups to build world-class solutions for Artificial Intelligence, Cloud computing, Machine learning, IoT, Blockchain etc.
Reliance has partnered with Samsung in a trial to test the 5G network capabilities. Jio also said it is ready with the 5G service and extensive fiber assets which will play a crucial role in the rollout of the 5G infrastructure.
Jio has also partnered with Google and Facebook who cover a vast majority of the internet landscape also hold shares in the company, are also global investors in the 5G tech space. Reliance Jio vision to build a 5G ready network in India before deploying its technology to other countries.
JioGenNext
How Jio is Ahead of it’s Competitors
Airtel and Vodafone have been serving in the Indian markets since the era of 2G technology and most of its existing consumer base is still on 2G networks which they have to maintain for the users as long as they remain. However, Jio began their service in 2016, in the 4G era, Where 4G is based on computers and thus to upgrade to 5G will not be a hassle for Jio as switching from the 2G.
Mukesh Ambani announced Jio 5G service will rollout in India in the second half of 2021.
What will be the speed of Jio 5G?
Jio stated that its 5G Technology has already achieved the mark speed of 1 Gbps.
Is Airtel 5G Ready?
Airtel became country’s first telco to successfully demonstrate live 5G service over a commercial network in Hyderabad city.
Conclusion
Aside from the rollout of 5G technology, Reliance Jio is also focused on bringing affordable 5G ready phones into the Indian market. Reliance Jio has partnered with Google to make India free from 2G phones. As Jio does not have a 2G infrastructure, the promotion of affordable 4G/5G phones can help Jio add more users on its network.
