GOVO's Ambitious Growth Target

17 May 2024 CW Team

GOVO, the Bengaluru-based audio electronics company, has set an ambitious target to become a Rs.100 million (Rs 1,000 crore) company by FY28. Founded in January 2022 by Varun Poddar and Piyush Jalan, GOVO has quickly gained traction in the market with products designed in Europe and manufactured in India, focusing on superior bass performance and innovative designs.

The company, which experienced significant growth in its first year, aims to leverage the booming Indian wireless audio market, projected to grow at a compound annual growth rate (CAGR) of 17.22%. GOVO's revenue saw a six-fold increase in the first half of 2023 compared to the beginning of the year. In FY23, the company's revenue ranged between Rs.1.5 million and Rs.2 million (Rs 15-20 crore), and it targets a revenue of over Rs.10 million (Rs 100 crore) for FY24.

With a product range including wired earphones, earbuds, and soundbars, GOVO plans to expand its offerings and market reach, particularly focusing on the 18-30 age demographic. The brand's strong performance and strategic expansion plans position it well for achieving its ambitious financial goals

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..