| Fintech (Sound Boxes and Ad Platform) | IoT-enabled payment soundboxes for live transaction confirmations and an AI-driven ad platform. | Exclusive OEM partnerships, proprietary firmware, embedded software IP, and sticky recurring revenues. | B2B to financial institutions and merchants. | SaaS ad platform and AI analytics modules. | 18 | 55 | Hardware sales and recurring SaaS subscription fees for platform services. | Device sale plus subscription/rental for SaaS platform. | UPI adoption, regulatory tailwinds, merchant digitization, AI integration. | PhonePe Sound Boxes, Sriram Finance Devices |
| Smart Metering and WMS (Wireless Meter Systems) | Design and manufacture of smart meters, communication modules, and safety devices with wireless integration. | Strong government ties, product certifications, and integration expertise. | B2B with utilities, telecoms, and government agencies. | Custom design services and system integration. | 9 | 28 | Project-based contracts with system integrators and bulk manufacturing orders. | Contract manufacturing and integration services. | Government smart grid rollouts, RDSS funding, large-scale tender wins. | CyanConnode Smart Meter, Jio WMS Devices |
| Agri-Tech and Bespoke IoT Solutions | IoT-enabled livestock trackers, soil sensors and tailored wireless monitoring systems. | Unique AI-enabled health monitoring and integrated platform offerings. | B2B2C serving agriculture businesses and farmers. | Proprietary hardware with embedded analytics. | 4 | 12 | Device sales with cloud analytics and data services for farmers. | Direct sales plus potential subscription for data analytics. | Rural IoT adoption, precision farming demand, sustainability trends. | Farm Cattle Health Monitors, Soil Sensor Systems |
