Info-tech

Reliance’s Unlimit targets $200 m in revenue by 2020

S Ronendra Singh New Delhi | Updated on April 02, 2019 Published on April 02, 2019

(Right) Juergen Hase, CEO, Unlimit   -  File photo

According to sources, the company’s current revenue stands at less than $100 million

Internet of things (IoT) provider Unlimit, a part of the Reliance ADA Group, said it is expecting revenue of around $200 million by 2020 and will soon ramp up hiring.

The Mumbai-headquartered company — which employs around 85 people — will be hiring 100 more next year, Juergen Hase, Chief Executive Officer, Unlimit told BusinessLine.

“We are targeting a revenue of closed to $200 million by 2020 as we are growing in all the areas that we serve. We achieved this year’s targeted revenue in December,” Hase said, declining to disclose any figures.

According to sources, the company’s current revenue stands at less than $100 million.

Speaking on the sidelines of the MG Motor India event here, where Unlimit showcased its capability in connected cars, Hase said the market for connected vehicles will grow manifold in future.

More than 50 per cent of the company’s revenue will come from this segment.

The company will provide the MG Hector iSmart Next Gen, which will be embedded with a machine-to-machine Sim, ensuring the car remains connected.

The customised solution has been developed by Unlimit in partnership with Cisco and Airtel, which have collaborated with their Jasper platform and telecommunication network, respectively.

Unlimit has partnerships with many operators in the country, such as BSNL and Vodafone-Idea, for providing various IoT services.

It is also partnering with around 500 local partners in the country to provide such services, and will add more in the future as per the demand.

“These partners have rich experience in India, which is very important. Partnering with even a top company from Silicon Valley wouldn’t make sense if it doesn’t have experience in India,” Hase said.

Published on April 02, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.