Syntech Technology Pvt. Ltd. renamed as Gionee India
Bangalore – April 28th, 2017 – Syntech Technology Pvt. Ltd., the Indian partner to Gionee’s overseas arm, today announced its official corporate name change to Gionee India, for increased synergy between the corporate and the brand name. Gionee India will henceforth be manufacturing and marketing Gionee smartphones in India. Apart from the name, there will be no changes in the overall corporate and financial structure which was being followed by the erstwhile Syntech Technology Pvt. Ltd.
Arvind RVohra, CEO and Managing Director, Gionee India, says, “Gionee today is amongstthe most prominent smartphones brands in India, with over 1.25 crore loyalcustomers. Therefore, transitioning to Gionee India was the most apt decisionfor us, and reinforces our ever increasing commitment to the Indian market. AsGionee India, we plan to double our sales this year to reach the 10,000 croremark, and garner 10 per cent market share in the smartphone segment in India.”
Gionee hasbeen present in India since 2012, and was one of the earliest Chinese playersin the market. Gionee prides itself in launching smartphones that areintuitive, future ready, stylish, durable and stress free. Today, Gionee Indiais a $1.42 billion firm with over 1.25 crore happy customers. Gionee iscredited with bringing in the world’s slimmest phone, the biggest batteryphone, the best android camera and many more to India.
The companycurrently operates through two contract manufacturing units in India, andsigned an MoU in 2016 with the Haryana Government to put up it’s own factory.The company plans to establish an entire eco-system around the smartphonemanufacturing and retail business, by not just setting up it’s manufacturingunit, but also establishing ancillary facilities like hardware suppliers,design houses and R&D in India.