#glomore

When it comes to sourcing electronic components in India, Glomore stands out as a top choice. As part of the Evolute group, which also includes Fintech and Cleantech, Glomore specialises in manufacturing batteries and various industrial products. This post explores what makes Glomore the go-to electronic component supplier in India, backed by compelling statistics and real-world examples.

Quality and Innovation

Glomore is dedicated to delivering high-quality electronic components. In 2024, the Indian electronics market is projected to reach $150 billion, with a significant share driven by battery manufacturing and industrial products. Glomore meets this demand by integrating the latest technology into their manufacturing processes.

The company employs advanced robotics and automation, enhancing precision and efficiency. A recent survey indicated that 85% of customers prioritize quality when selecting suppliers, and Glomore consistently scores high in customer satisfaction ratings. Their commitment to innovation keeps them ahead of competitors.

Extensive Product Range

One of the major advantages of Glomore is its wide array of products. They offer everything from batteries used in renewable energy solutions to components essential for industrial automation. As India pushes toward sustainable energy solutions, the demand for reliable batteries has surged. Reports show that the battery market in India is expected to grow by 25% annually, making Glomore a vital player in this space.

Competitive Pricing

Glomore’s pricing strategy is another reason it shines as a supplier. In an industry where margins can be tight, their competitive pricing makes high-quality components accessible to businesses of all sizes. In a recent study, 72% of procurement managers cited cost-effectiveness as a key factor when choosing suppliers, and Glomore meets that need without compromising on quality.

Customer-Centric Approach

Building long-term relationships with clients is at the heart of Glomore's operations. The company focuses on understanding customer needs and tailoring solutions accordingly. A survey of Indian manufacturers revealed that 78% prefer suppliers who offer personalized service. Glomore’s responsive customer support ensures that clients receive assistance at every stage, from inquiry to delivery.

Strong Manufacturing Capabilities

Glomore’s manufacturing facilities are equipped with state-of-the-art technology, allowing for scalability and efficiency. The company adheres to stringent quality control processes, ensuring that every component meets international standards. With a production capacity that meets the growing demand in the electronics sector, Glomore has positioned itself as a reliable partner for businesses looking for consistency in supply.

Sustainability Initiatives

With increasing awareness of environmental issues, companies are turning to suppliers who prioritize sustainability. Glomore stands out in this regard, particularly through its Cleantech division, which focuses on manufacturing eco-friendly batteries. Their commitment to sustainable practices not only appeals to environmentally-conscious companies but also aligns with India's broader goals for sustainability.

Trusted by Industry Leaders

Glomore has earned the trust of various industry leaders in India. Many notable companies across sectors like automotive, telecommunications, and consumer electronics rely on Glomore for their electronic component needs. This reputation is built on years of delivering quality products and exceptional service, making Glomore a top choice for manufacturers throughout the country.

Collaborations and Partnerships

Partnerships enhance Glomore’s capabilities and reach. Collaborating with other companies within the Evolute group allows for shared knowledge and resources, leading to innovative solutions. For instance, Glomore's collaboration with Fintech has resulted in advanced finance-related electronic devices that serve multiple industries, from healthcare to manufacturing.

Positive Economic Impact

Glomore is also making significant contributions to the Indian economy. By creating jobs and promoting local manufacturing, the company helps bolster India's standing in the global electronics market. According to the Ministry of Electronics and Information Technology, the Indian electronics sector is expected to create over 1 million jobs by 2025, and Glomore is playing its part in this growth.

Local Presence and Community Engagement

With a focus on community engagement, Glomore actively participates in local initiatives. They invest in skill development programs that empower the youth, particularly in areas around their manufacturing facilities. By fostering a skilled workforce, Glomore not only supports its operations but also contributes to the overall economic development of the region.

Conclusion

Glomore has established itself as the best electronic component supplier in India through its commitment to quality, innovation, and customer satisfaction. As the Indian electronics market continues to grow, Glomore is well-positioned to meet the demands of various industries while promoting sustainable practices. With a broad range of products, competitive pricing, and a focus on community engagement, it’s no wonder that Glomore is the preferred choice for businesses looking for reliable electronic components.

India's financial landscape is undergoing a major transformation, and at the heart of this change are fintech companies. These firms are disrupting the traditional ways of handling money and payment processes, and one of the most influential areas is the manufacturing of financial devices. Point-of-Sale (POS) machines, biometric systems, and other such devices are now integral to daily transactions. But what makes Fintech company in India stand out is their innovation, adaptability, and the role they play in empowering millions across the country.

Growing Demand for Financial Devices in India

India has been rapidly adopting digital payment solutions, driven by both government initiatives and consumer demand. According to recent research, the digital payments industry in India is expected to grow at a CAGR of 20.2%, reaching over USD 500 billion by 2025. The surge in demand for POS machines, particularly in tier-2 and tier-3 cities, shows how fintech companies are crucial in bridging the gap between traditional banking systems and modern, cashless transactions.

One of the key players contributing to this revolution is Evolute’s subsidiary, Fintech, which specializes in manufacturing finance-related electronic devices. These devices, especially POS and biometric machines, are vital in transforming the way businesses operate and accept payments.

With over 1.2 billion Aadhaar-linked biometric cards in circulation, biometric authentication has become a major part of India’s financial ecosystem. Fintech companies like Evolute’s Fintech are capitalizing on this by producing advanced biometric machines that are used for secure authentication in various sectors, including banking and retail. These machines are streamlining verification processes, making financial transactions more secure and accessible.

The Push from Digital India

The Indian government’s Digital India initiative has been a major catalyst for the fintech sector. The push for a cashless economy post-demonetization and the growth in Unified Payments Interface (UPI) transactions have increased the demand for financial devices. In September 2023, UPI transactions crossed 10 billion in volume, marking a sharp rise from the previous year. This spike indicates the growing need for reliable POS machines and other digital transaction facilitators.

Fintech companies are responding by developing devices that integrate seamlessly with UPI, mobile wallets, and other digital platforms. Fintech, under the Evolute umbrella, has positioned itself as a leader by offering devices that support multiple forms of payment. Whether it’s a traditional credit card swipe or a UPI-based payment, the company’s devices cater to every need.

The company Cleantech, also a subsidiary of Evolute, plays a supporting role in this growth by focusing on energy-efficient batteries for EVs and other applications, ensuring a sustainable future for fintech device operations. Similarly, Glomore, another Evolute subsidiary, contributes by manufacturing industrial batteries, helping sustain operations that require uninterrupted power, including those dependent on financial devices.

POS and Biometric Machines: Powering Businesses Across India

India’s small and medium enterprises (SMEs) have been among the biggest beneficiaries of fintech innovation. The availability of affordable POS machines has enabled even small merchants in rural areas to accept digital payments. According to a 2024 study by the National Payments Corporation of India (NPCI), the penetration of POS machines in rural areas grew by 32% over the last year, compared to just 18% in urban regions. This increase shows that fintech companies are reaching deeper into the country’s financial infrastructure.

Biometric machines are another game-changer in India’s fintech ecosystem. With Aadhaar-based verification becoming the norm for most financial services, these devices ensure faster and more secure transactions. For example, rural banking agents rely heavily on biometric authentication devices to verify identities and facilitate payments, a trend driven largely by fintech companies.

This shift has increased the need for innovation in biometric machines, something that Fintech has capitalized on by producing devices that are both portable and reliable. These machines are already being used in remote areas for government-backed schemes such as Direct Benefit Transfers (DBT), ensuring that subsidies reach the intended beneficiaries with minimal fraud.

Why Fintech Companies Are Thriving

One of the reasons fintech companies in India, particularly those involved in the manufacturing of financial devices, are thriving is their ability to adapt to the country’s diverse and challenging market conditions. From the bustling streets of Mumbai to the remote villages in Bihar, fintech devices are simplifying financial transactions.

India's population of over 1.4 billion includes a vast number of unbanked individuals. According to a 2024 report by the Reserve Bank of India (RBI), about 20% of India’s population still remains unbanked. However, fintech companies are closing this gap. Through devices like portable POS and biometric machines, even those in the most underserved areas can participate in the financial system.

Another contributing factor is the accessibility of affordable technology. A report by the Indian Council for Research on International Economic Relations (ICRIER) found that fintech device costs have reduced by over 40% in the past five years, making these machines affordable for small businesses. Companies like Fintech have been at the forefront of producing cost-effective, high-quality financial devices, helping small merchants embrace digital payments with minimal investment.

The Future of Financial Devices in India

The trajectory of fintech companies in India is upward. As mobile and internet penetration continue to rise in rural areas, the demand for POS and biometric machines is expected to increase. Research predicts that the number of POS machines in India will grow by 25% year-on-year until 2026, driven by the expanding digital payments market and increased focus on financial inclusion.

Furthermore, fintech companies are likely to introduce more advanced features in their devices, such as contactless payment options, integration with cryptocurrency wallets, and improved security measures. These innovations will not only cater to the growing urban demand but will also continue to extend the reach of digital transactions in rural areas.

For companies like Evolute’s Fintech, the future holds immense potential. With continued support from its sister companies Cleantech and Glomore, which ensure energy efficiency and industrial reliability, the company's financial devices will play a key role in shaping India’s financial future.

Conclusion

The rise of digital transactions has brought both convenience and new security challenges. As more people in India turn to online banking, e-commerce, and digital wallets, the demand for robust security measures has never been higher. Biometric authentication stands out as a leading solution in this landscape, offering a seamless way to secure transactions. This article will explore how Evolute, a leading Embedded Systems company in India, is leveraging innovative biometric technologies to enhance transaction security across its subsidiaries—Fintech, Cleantech, and Glomore.

The Growing Need for Security in Digital Transactions

Recent statistics indicate that India is rapidly embracing digital payments, with the total number of digital transactions reaching 7.42 billion in 2023, according to the National Payments Corporation of India (NPCI). This represents a 41% increase from the previous year. However, this surge in digital transactions also opens the door to cyber threats. A report from CyberPeace Foundation revealed that 65% of Indians feel vulnerable while making online transactions, highlighting the need for stronger security measures.

What is Biometric Authentication?

Biometric authentication uses unique biological traits—such as fingerprints, facial recognition, and iris scans—to verify a user's identity. Unlike traditional methods, like passwords or PINs, which can be forgotten or stolen, biometric data is unique to each individual and cannot be easily replicated. This makes it an ideal solution for securing digital transactions.

Evolute’s Innovations in Biometric Authentication

Evolute is at the forefront of developing cutting-edge biometric solutions tailored for the Indian market. Here’s a closer look at how each subsidiary contributes to this innovative approach:

1. Fintech: Revolutionizing Payment Security

Fintech specializes in manufacturing finance-related electronic devices, incorporating biometric sensors that enhance transaction security. Their latest range of smart payment devices features fingerprint scanners, allowing users to authorize transactions with just a touch. A study from the Indian School of Business indicates that 70% of consumers prefer biometric authentication over traditional password methods, reflecting the growing trust in this technology.

2. Cleantech: Pioneering Safe Battery Solutions

Cleantech focuses on manufacturing and providing services for batteries, which are integral to many electronic devices. By integrating biometric authentication into battery management systems, Cleantech ensures that only authorized personnel can access and manage sensitive data regarding battery performance and usage. This adds an extra layer of security, especially for electric vehicles (EVs) and renewable energy solutions. With India aiming for 30% of all vehicles to be electric by 2030, Cleantech’s innovations are crucial for maintaining security in this growing sector.

3. Glomore: Industrial Products with Biometric Safeguards

Glomore manufactures batteries and industrial products, incorporating biometric solutions to ensure the safety and security of operational environments. For example, their advanced industrial equipment now includes facial recognition systems that restrict access to authorized users only. This significantly reduces the risk of unauthorized use and increases overall operational safety.

The Advantages of Biometric Authentication

Implementing biometric authentication systems offers several benefits:

Enhanced Security: Biometric traits are hard to forge, making it difficult for cybercriminals to gain unauthorized access.

Convenience: Users can complete transactions quickly without remembering complex passwords.

User Trust: With increasing awareness of security threats, consumers are more likely to trust brands that prioritize biometric authentication.

According to a recent survey by Deloitte, 85% of Indian consumers expressed a preference for services that utilize biometric authentication, indicating a strong demand for this technology.

Future of Biometric Authentication in India

The future of biometric authentication looks promising in India. With the government pushing for digital India initiatives, and companies like Evolute leading the way in innovation, the adoption of biometric solutions is set to grow. A report by Statista predicts that the biometric authentication market in India will reach $4.1 billion by 2026, growing at a CAGR of 19.3%.

Conclusion