(-Written by Mumtaz Afrin): - IoT startup in the country Due to increased adoption of linked device communications and portfolio development, Sensorise anticipates its sales to more than quadruple this fiscal year to reach 160 crores, according to a senior company official. According to Sensorise Chief Technology Officer Vijaya Vivek Kamath, the company brought about 72 crores in revenue in 2021–2022.

"Every year, our turnover has doubled. We are currently expanding worldwide and into several industrial use cases. Due to the growth of our current business, we and our parent company Rosemerta are considering developing an end-to-end solution for the integration of huge systems.

We anticipate closing at 160 crores this year, Kamath stated. For usage in fleet management, tracking mineral ore, fleet diagnostics, and other machine-to-machine applications, the company offers e-SIM-based end-to-end connectivity solutions. At India Mobile Congress this week, communications minister Ashwini Vaishnaw presented the Sensorise SenseIT Energy multi-access IoT gadget.

According to Kamath, the company's solution was entirely developed in India, and it is also expanding into foreign markets. "We are about to finalize our first transaction in South Asia. We have agreements with regional operators to support our solutions there, "She remarked. When the devices arrive at their destination, consumers will be able to activate the solution in accordance with the SIM cards that Sensorise installed in the devices in India.

"In Indonesia, we've been conducting trial projects. South Asia, South East Asia, and the Middle East are where we are initially searching for business. 8 to 10 percent of our overall revenue is anticipated to come from international markets, but eventually, this will change such that international markets account for the majority of our sales "said Kamath.