A new report says India has 129 domestic technology brands but only two generate more than Rs 2,000 crore, highlighting the need for greater investment in design, software and intellectual property.
India’s push to create globally recognised technology brands took a fresh step forward on 8 October 2026, when the first Viksit Tech 47 report was unveiled at the India Mobile Congress in New Delhi. The study, presented during the Viksit Tech 47 spotlight programme, argues that Indian firms must move beyond manufacturing and assemble stronger positions in design, software and intellectual property if they are to compete internationally.
The report was released by Pankaj Mohindroo, chairman of the India Cellular and Electronics Association, alongside industry executives including Sunil Raina of Lava International, Anku Jain of MediaTek India, Nikhil Rajpal of Qubo and Himanshu Tandon of Mivi. It builds on the Viksit Tech 47 platform launched by IMC on 25 September 2026 as part of the event’s tenth edition, which runs from 7 to 10 October at Yashobhoomi Convention Centre and is backed by Techarc as research partner. The initiative spans consumer devices, wearables, audio, video surveillance, connected mobility, smart home and IoT, components and manufacturing, artificial intelligence, deep tech and software-as-a-service platforms.
According to the report, India now has 129 homegrown brands across gadgets, devices, appliances and connected cars, with combined annual revenue of more than Rs 60,000 crore. Even so, the average brand generates only about Rs 465 crore a year, while just 14 brands exceed Rs 500 crore and only two have crossed Rs 2,000 crore. The findings point to a wide gap between India’s expanding electronics production base and the scale captured by domestic brands: the report notes that electronics output reached Rs 13.11 lakh crore in FY2025-26, but much of the value still accrues to global brands and contract manufacturers.
Industry coverage of the platform indicates that the broader Viksit Tech 47 exercise is intended to identify and support Indian companies with the potential to become export-led technology brands, in line with the wider Viksit Bharat 2047 ambition. The report’s central message is that scale, ownership of intellectual property and stronger brand-building will be essential if India is to translate its manufacturing momentum into durable global market power.
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