Yes, Syska is an Indian company. It is an Indian manufacturer of LED lighting solutions and consumer electronics products. Syska’s core products are multiple types of LED lighting solutions, including tube lights, bulbs, emergency lights, ceiling lights, decorative lights, lanterns and street lights. However, the company also offers varied types of consumer electronics like power banks, chargers, extension cords, shavers, trimmers, dry irons, hair dryers, smartwatches and audio devices.
Syska is recognised as the pioneer of LED lighting revolution in India. The company is focused on eco-friendly, energy-efficient and innovative products. Syska’s product line-up caters to multiple applications, such as residential, commercial, industrial and outdoor.
| Details | Info |
| Founded | 2012 |
| Founder | Rajesh Uttamchandani, Govind Uttamchandani |
| Headquarters | Pune, Maharashtra, India |
| CEO | Rajesh Uttamchandani |
| Sector | Lighting, Consumer electronics |
Company History
Syska LED Lights Private Limited was established on 18th May 2012 by Rajesh Uttamchandani and Govind Uttamchandani at Pune in Maharashtra. The company commenced operations by manufacturing and marketing LED lighting products like tube lights and bulbs, with a focus on sustainability and affordability.
Syska’s RoHS compliant energy-efficient LED lighting solutions helped it in quickly gaining traction in the Indian market. The company introduced new LED lights like ceiling lights, street lights and spotlights and covered residential, commercial and industrial segments. By the year 2015, the company was importing components from suppliers in Hong-Kong, China and South Korea.
During the 2016-18 period, Syska expanded its product portfolio to consumer electronics, home appliances and personal care electronics. In the same period, the company also secured over 40 patents and formed more than 20 international joint ventures. By the year 2020, Syska had ventured into advanced consumer electronics by launching smart lighting solutions and integrated systems.
Current Status
Syska is among the top ten lighting brands in India. The company sells its LED lighting products and other products in more than 75 locations across India. Furthermore, it exports its products to multiple foreign markets like UAE, Kuwait and Nigeria.
Syska’s recent products launches include rechargeable LED torches, extension boards with USB ports, smart bulbs with music sync and compatible with Alexa/Google, 5-in-1 hair straighteners and Verve stereo speakers. The company operates three manufacturing facilities in India.
Future Outlook
Syska is facing a corporate insolvency resolution process. However, a successful resolution can result in a resurgence for the company. Resolution can involve cost cutting, supply chain diversification and disinvestments in non-core segments like wearables. Syska is expected to focus more on smart lighting to capitalise on the growing trend of smart technologies.