Founded in 1989, Hynetic Electronics Pvt Ltd. Hynetic, is an Indian-based industry leader, at the forefront of delivering cutting-edge hardware and software solutions for the Internet of Things (IoT). The company is situated in the tech-centric city of Bangalore, India. Specializing in transformative applications such as Smart Lighting, Energy Management, and beyond. Over the years, Hynetic has expanded its presence with regional offices across major Indian cities such as Delhi, Mumbai, Pune, Chennai, and Hyderabad, while also marking its international procurement presence with an office in Singapore soon.
In this interview with Vaishali Umredkar, Electronics Maker, Mr. Shashank Donthi, CEO of Hynetic Electronics shares his valuable insights into the company’s development and the industry.
What is your Inception and Vision of Hynetic Electronics?
Hynetic Electronics Pvt Ltd was founded in 1989 with the vision of becoming a comprehensive solution and service provider for the electronics industry. Initially, the company focused on semiconductor distribution, leveraging its expertise to meet the burgeoning demand in the market. Over the years, Hynetic expanded its services to encompass sales, distribution, prototyping, box building, and manufacturing.
Post 2008 – present, Hynetic is an ODM and Manufacturing Company focussing on design and manufacturing of products for industrial automation, EV chargers, Smart lighting.
Which are the transformative applications Hynetic specializes in?
Hynetic specializes in several transformative applications that are pivotal in advancing various technological domains:
● Lighting: Hynetic Develops LED Drivers, SPDs and Smart Lighting (Outdoor and Indoor) for clients in India and globally
● Smart Cities: Hynetic develops smart street lights, IoT gateways, air quality monitoring systems, EV Chargers, and smart grid connectivity solutions that contribute to the development of intelligent urban infrastructure.
● Industrial Automation: Hynetic provides energy monitoring systems, device monitoring solutions, IoT sensor modules, and gateways that enhance industrial operations and efficiency.
● Home Automation: Hynetic’s offerings include smart lighting control systems, smart fans, smart door locks, smart switches, and smart water heaters, all aimed at making homes more intelligent and energy-efficient.
● EV Chargers: Hynetic develops EV chargers and E-rickshaw chargers which are crucial components of the reneuable energy sector and EV ecosystem.
Which are the values that Hynetic Prioritizes in Technology and Innovation?
Hynetic Electronics upholds several core values in its approach to technology and innovation:
1. Customer-Centric Services: Hynetic focuses on delivering customized solutions that meet the specific needs of their clients, ensuring high customer satisfaction.
2. Innovation: The company places a strong emphasis on embracing emerging technologies such as smart lighting, EV/EVSE (Electric Vehicle Supply Equipment), and IoT applications to stay ahead of the technological curve.
3. Economic Viability: Hynetic is committed to providing cost-effective solutions that help optimize supply chains and product lifecycles, making advanced technology accessible and affordable.
4. Technological Advancement: With over 30 years of design experience and state-of-the-art R&D facilities, Hynetic continuously pushes the boundaries of technological innovation.
Tell us about your Market Reach?
Hynetic’s strategic presence in major Indian cities like Delhi, Mumbai, Pune, Chennai, Hyderabad, and its international office in Singapore, greatly enhances its market reach. This geographical distribution allows Hynetic to efficiently manage supply chains, ensuring rapid deliveries and fostering strong relationships with global suppliers and clients. The Singapore office, in particular, plays a critical role in facilitating international supply chain management and operations, supporting global transactions and improving market reach.
What was your motivation behind founding AqTronics in 2008?
The founding team of AqTronics, armed with extensive experience in semiconductors and IT products, established the company in 2008 to address niche segments within the Indian Electronics System Design and Manufacturing market. The primary motivation was to leverage their deep industry knowledge to cater to the growing demand for advanced electronic components in sectors such as industrial automation, defence, electric vehicles, aerospace, medical technology, and security. AqTronics was thus positioned to fill the gap in the market for specialized, high-quality electronic components and solutions.
Which are the focus areas of AqTronics and Alignment with Technological Trends?
AqTronics focuses on several key sectors, including lighting, biometrics, industrial automation, defence, electric vehicles, aerospace, medical technology, and security. These focus areas align with the current technological trends and demands in India by providing essential components and solutions that support the development and deployment of advanced technologies. AqTronics’ emphasis on IoT devices, sensors, and power electronics directly caters to the increasing need for smart and connected solutions in various industries.
What is the contribution of AqTronics’ Focus on IoT, EVs, and Power to Its Growth?
AqTronics’ focus on IoT, electric vehicles (EVs), and power electronics plays a crucial role in its growth and relevance in the Indian market. These sectors are at the forefront of technological advancement and infrastructure development in India. By offering critical components and innovative solutions in these areas, AqTronics supports the proliferation of smart technologies that are in high demand, thus driving its market presence and business growth.
What are the specific Challenges Faced by AqTronics in the Indian Market and Solutions?
AqTronics encounters several challenges in the Indian market, including stiff competition from global suppliers, logistical complexities, and regulatory barriers. To address these challenges, the company has developed a robust supply chain capable of delivering products pan-India within two working days. AqTronics also provides comprehensive technical support through an expert Field Application Engineer (FAE) team and ensures compliance with certifications such as STQC and BIS. These measures facilitate access to government tenders and streamline market entry for foreign vendors.
What is the primary goal behind founding Semikart in 2016?
The primary goal behind the founding of Semikart in 2016 was to create a comprehensive e-commerce marketplace for electronic components. Semikart aimed to revolutionize the procurement process by making it easier for customers to discover and acquire components. The platform offers real-time stock and price updates, a powerful search engine, and efficient customs clearance and shipping logistics, thereby simplifying and expediting the procurement process for users.
Tell us about Semikart’s Platform and its facilitation of component discovery and acquisition.
Semikart’s platform facilitates the discovery and acquisition of electronic components through several key features:
● Comprehensive Search Engine: Users have access to over 8 million components with real-time stock and pricing updates, ensuring they can find exactly what they need.
● API Integrations: These integrations provide accurate and up-to-date information on stock availability and prices from various suppliers and manufacturers.
● Logistics Support: Semikart handles customs clearance and shipping logistics, making the procurement process seamless and efficient for customers .
● User-Friendly Interface: The platform’s intuitive design simplifies the entire procurement process, from searching for components to completing the purchase.
What is Semikart’s vision for the future and support for electronics industry growth?
Semikart envisions becoming the leading e-commerce platform for electronic components, fostering growth and innovation in the electronics industry. The platform aims to provide a seamless procurement experience, attract new customers, and expand its component offerings to meet the diverse needs of the industry. By doing so, Semikart supports the electronics industry’s growth by enabling easier access to a wide range of components and facilitating the development of new technologies.
What are the future plans of Hynetic Electronics?
Hynetic Electronics plans to significantly expand its manufacturing capabilities, with a pipeline expansion of over 750,000 square feet of manufacturing space. The company aims to enhance its Original Design Manufacturing (ODM) services, invest in emerging technologies, and continue developing innovative solutions for smart cities, industrial IoT, and smart homes. These strategic plans underscore Hynetic’s commitment to driving technological advancements and meeting the evolving needs of its clients.
