The acquisition of Silvan Innovation Labs by Polycab India would enable it enter the space of IoT-based home & office automation solution space
Expanding its existing products domain, Polycab India has moved on to acquiring 100 percent stake in Silvan Innovation Labs, a quintessential home automation systems & solutions provider. Over a period of time, Silvan has evolved into a company that specializes in the automation of homes, offices, banks, retail outlets, hotels and other spaces. The acquisition of Silvan adds new dimensions to Polycab’s R&D and innovation capabilities.
Silvan’s IOT based automation products and solutions portfolio includes lighting management system, room automation, temperature control devices, contactless controls, curtain control, security devices amongst others. This is complemented by its application and cloud platform (IPSM) for value-added services and has integrated capabilities on various third-party cloud platforms such as AWS, Google Cloud, Samsung Smart things, and IBM Watson. Headquartered in Bangalore, Silvan has got over 17 patents.
The domain strength of Silvan coupled with our robust Go-To-Market capabilities presents a great synergic combination. It is a fantastic addition to our IOT portfolio and aligns with our strategy to address evolving consumer needs with new age innovative solutions. I believe Silvan will also play a vital part in achieving our FMEG aspirations under Project Leap.
Inder T. Jaisinghani
Chairman & Managing Director
Polycab India
Smart IoT Solutions with wireless connected devices are witnessing disruptive penetration on the back of technological advancements, rising connectivity, and changing consumer preferences, making it one of the fastest growing segments within consumer electricals space. Its wireless retrofit system technology enables rapid upgradation of conventional FMEG into smart products.
“Our ambition is to become a forefront consumer centric company. The domain strength of Silvan coupled with our robust Go-To-Market capabilities presents a great synergic combination. It is a fantastic addition to our IOT portfolio and aligns with our strategy to address evolving consumer needs with new age innovative solutions. I believe Silvan will also play a vital part in achieving our FMEG aspirations under Project Leap”, SAID Inder T. Jaisinghani, Chairman & Managing Director of Polycab.
Silvan has successfully installed over 100,000 devices in more than 8,000 homes and offices. It was founded in 2008 by four electronics and embedded systems domain veterans possessing a cumulative experience of 120 years in reputed companies like Texas Instruments and Lucent Technologies. The founders hold advanced degrees from the premier engineering institutions in India and three of them, namely Dr. Giridhar Krishna, Mohan Gopalakrishna and Ajay Gupta will be continuing with PIL post acquisition.
Qaisar
