Lava International is an Indian multinational technology company specialising in design, development and manufacturing of consumer electronics. Its core product categories include smartphones, feature phones, laptops, tablets, computer hardware and accessories like earphones and headphones. The company sells its products under the brand names Lava and Xolo. Lava focuses on feature-rich and affordable devices, especially in the handset segment. It positions itself as a home-grown “Make in India” brand.
| Details | Info |
| Founded | 2009 |
| Founder | Hari Om Rai, Vishal Sehgal, Sunil Bhalla, Leena Jaitley and Shailendra Nath Rai |
| Headquarters | Noida, Uttar Pradesh, India |
| CEO | Sunil Raina |
| Sector | Consumer electronics |
Lava Company Profile
Lava International was established in the year 2009 by a group of telecom veterans comprising of Hari Om Rai, Vishal Sehgal, Sunil Bhalla, Leena Jaitley and Shailendra Nath Rai. The company launched its first feature phone in the year 2010, followed by entry into the smartphone market with the launch of Android smartphones under IRIS Series. By 2012, Lava was exporting its products to Nepal, Bangladesh and Sri Lanka. Lava launched Xolo sub-brand in the premium smartphone segment in 2013, and diversified into tablets, laptops and accessories in the 2016-20 period.
Lava currently holds 2-3% share in the Indian smartphone market and dominates the feature phone segment with 25% market share. The company has its manufacturing facility in Noida and several R&D centres across India. Its latest products include AGNI 5G series of smartphones, Magnum and Spark feature phones, Lava V laptops and E-TAB tablets.
Origin Country of Lava
Lava International has its origins in India. It was founded in Noida and is headquartered in the same city. Apart from catering to the Indian consumers, the company is present in multiple foreign markets, including Russia, Middle East, Nepal, Bangladesh, Indonesia, Thailand and Sri Lanka.
Market Cap
Lava International is a privately-held company and has no market capitalisation at present. However, the company is preparing for an initial public offering. Post-IPO, the market capitalisation of Lava International is expected to reach approximately $1.1 billion.
