Page 26 - 10 Most admired Hardware and Devices Startup 2020

An Electronic Product Company Specialized In

Embedded Systems

Avench Systems Pvt Ltd is an electronic product company Avench Systems initially started with the idea of becoming
specialized in embedded systems. We make products a product company. But then a product company needs
which are quotable examples of how technology helps save a considerable capital to survive until the product gets
time and effort and improves efficiency making it more successful in the market. Since Avench was a bootstrapped
meaningful in today’s demanding business environment. company, the cash flow became a burning issue, and we
had to pivot from our product ideas to sell our skill as
Vision
engineering services in electronics and software domain.
Saving energy, time and effort by employing technology & Since most of the co-founders were from product industry
Empowering people. than the service industry, it was a bit of a change to adapt
to the new environment. We could successfully migrate
Mission
to a product engineering group with the help of our well-
wishers and mentors. Today we are a 40 member team who
Simplify life through technology adoption in pace with
are highly skilled and disciplined to conquer the targets.
human needs.
Today if you look at our top line, It continually improved
An Astute Leader from the last couple of years. We are at profitable state
today, and we expect to grow the revenue by four times
Sajith Kandiyil, VP - Global Sales, is an enthusiastic by 2020. We will be investing our focus to US market
learner who finds inspiration in the infinite possibilities development towards electronics product engineering and
of technology as much as life. He is a strong believer in IoT.
systems, milestones and goals in that order.
The ultimate objective to build a great company where
Our Story the employees and the customers would love to work, not
just because of the packages or the cost reduction, but
The original vision of Avench Systems Pvt Ltd when few
because of the quality and trustworthiness in the company.
founders joined together was to touch million people’s life
Today Avench Systems Pvt Ltd is an electronic product
in India by saving energy, time and effort by employing
engineering company specialized in embedded systems.
technology and empowering people.
We develop products which are quotable examples of
how technology helps save time and effort and improves
26 | March 2020