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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

Infrastructure Urban

25 Jun 2026

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

Infrastructure Energy

25 Jun 2026

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..