New Delhi, May 12 : Homegrown consumer wearable company Noise on Friday said it clocked Rs 2,000 crore in revenue in FY23 with a record growth of over 100 per cent (year-on-year).

Noise maintained its leadership in the smart wearables industry and is aiming to double down further in the next fiscal year. India Will Create 100 Semiconductor Design Startups With 85,000 Highly-skilled Professionals Says MoS IT Rajeev Chandrasekhar, PM Modi Allocates Rs 1,200 Crore.

The company, with 400 employees, is projected to sustain a robust growth momentum of over 70 per cent next year through a combination of volume and pricing growth. Over 95 per cent of its production is happening in India.

"Furthermore, Noise was also the first homegrown brand to ship over 3 million made-in-India smartwatches, reaffirming its commitment to leading the country's vision of making India a global manufacturing hub," said the company.

According to the latest IDC numbers, Nexxbase (Noise) stood third in overall wearables, growing by 97.3 per cent YoY and 11.9 per cent market share in India. Noise was in second place in the smartwatch category with a 21.6 per cent share, growing by 157.6 per cent YoY. Linda Yaccarino To Be New Twitter Chief? Know All About the Woman Who May Replace Elon Musk As Twitter CEO.

"Noise Colorfit Icon Buzz, Colorfit Icon 2 and Colorfit Pulse Go Buzz contributed to more than 25 per cent of its shipments," said the IDC report. The company said it maintained an 80:20 ratio for its online and offline channels nationwide and further aspires to "cultivate strategic alliances that will facilitate broader audience outreach".

(The above story first appeared on LatestLY on May 12, 2023 03:10 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).