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Micromax Ventures into solar market with 5GW facility, partners with Jinchen
MUMBAI: The sun isn’t just shining-it’s powering the next big leap for Micromax. Once a formidable name in India’s mobile revolution, the homegrown electronics giant is now setting its sights on the solar energy sector. With its latest venture, Startup Energy, Micromax is stepping into the solar panel manufacturing game in partnership with China’s Jinchen, a leading solar equipment manufacturer.
Micromax has inked a strategic contract with Jinchen to establish a 5GW advanced solar module manufacturing line. The project will roll out in multiple phases, integrating automation, precision engineering, and high-efficiency production technologies.
The goal? To deliver cost-effective, high-quality solar panels for residential, commercial, and industrial applications at scale.
Micromax’s latest play aligns perfectly with India’s ambitious renewable energy mission. With the country eyeing 500 GW of renewable energy capacity by 2030, and installed solar capacity already surpassing 72 GW as of 2023, the demand for locally manufactured, high-performance solar panels is skyrocketing.
Micromax Informatics MD Rajesh Agarwal elaborated on the company’s vision, “With Startup Energy, we are extending our expertise into the renewable energy sector, making clean power more accessible, reliable, and cost-effective for individuals and businesses.”
Startup Energy’s manufacturing facility will leverage advanced automation and precision engineering, ensuring top-tier efficiency and scalability. But Micromax isn’t stopping there—the company also plans to explore strategic R&D partnerships to drive innovation in next-gen solar technologies. From enhancing energy efficiency to increasing long-term sustainability, Micromax is crafting an ecosystem where affordability meets cutting-edge advancements.
With Startup Energy gearing up to power homes, industries, and the nation, Micromax is proving once again that it knows how to disrupt an industry—this time, under the Indian sun.
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Magellanic Cloud names Syed Ameeruddin CEO of e-surveillance arm
Keeping a sharper eye on the future, Magellanic Cloud is putting a seasoned watcher in charge.
MUMBAI – Magellanic Cloud Ltd. has elevated Syed Ameeruddin as Chief Executive Officer of its e-surveillance business, bringing its iVIS and Provigil operations under a unified leadership to accelerate growth in intelligent monitoring and infrastructure solutions.
Ameeruddin, a nearly two-decade veteran of the company, steps into the role after leading the e-surveillance vertical. His career trajectory—from Business Development Manager to the top of the vertical—reflects a steady climb built on operational depth, client engagement, and strategic execution across multiple subsidiaries.
Over the years, he has played a central role in expanding the company’s footprint, strengthening client relationships, and streamlining operations. He has also been instrumental in integrating acquisitions, helping align new businesses with Magellanic Cloud’s long-term strategy while stabilising performance across diverse domains.
More recently, Ameeruddin has contributed to securing key mandates spanning railways, the National Highways Authority of India, and the BFSI sector—wins that have bolstered the company’s order book and deepened its presence in critical infrastructure.
Commenting on the move, Joseph Sudheer Thumma said Ameeruddin’s leadership has been “pivotal in shaping the e-surveillance business,” citing his ability to drive growth, build teams, and deliver strategic wins as key to the company’s journey. His elevation, Thumma added, is expected to further accelerate expansion in AI-driven surveillance and infrastructure solutions.
The transition comes as demand surges for AI-enabled monitoring, centralised command systems, and large-scale deployments across mission-critical environments. Magellanic Cloud’s e-surveillance segment—anchored by iVIS and Provigil—has emerged as a significant growth engine, delivering projects across banking, transport, highways, and public infrastructure.
In his new role, Ameeruddin will focus on scaling platform capabilities, expanding deployments in complex environments, and developing integrated solutions that enhance real-time intelligence and operational resilience. He will continue to serve as Chief Operating Officer of the company alongside his new responsibilities.
With this leadership shift, Magellanic Cloud is doubling down on its ambition to stay ahead in India’s rapidly evolving surveillance ecosystem—where seeing, increasingly, is not just believing, but predicting.
