Bharat Value Fund Invests ₹130 Crore in Veira Electronics in Pre-IPO Round
Veira Electronics Secures Pre-IPO Investment from Bharat Value Fund
Bharat Value Fund : Noida-based consumer electronics manufacturer Veira Electronics has successfully raised ₹130 crore in a pre-IPO placement round from Bharat Value Fund (BVF). The company made the announcement on March 3, 2025, marking a significant milestone in its growth journey ahead of its planned initial public offering (IPO).
Strengthening Market Position
Veira Electronics, a well-established player in the smart TV and consumer electronics segment, operates two advanced manufacturing facilities in Noida, Uttar Pradesh. These facilities boast an impressive annual production capacity of 3 million TVs, catering to both domestic and international markets.
The company has built a strong portfolio of electronic products, including:
- Smart LED TVs (offering multiple operating systems such as Tizen, WebOS, Google TV, and Coolita)
- Washing Machines
- Air Coolers
- Multimedia Speakers
Its TV portfolio spans across various categories, including HD, FHD, 4K, LED, OLED, and QLED TVs, enabling the company to tap into multiple consumer segments across different price points.
Strong Financial Performance
Veira Electronics has demonstrated remarkable financial growth over the past few years. Between FY22 and FY24, the company’s sales surged at a CAGR of 55%, reaching ₹865 crore in FY24. This growth reflects the company’s expanding market share and increasing consumer demand for smart electronics.
| Financial Metrics | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue (₹ crore) | 360 | 570 | 865 |
| CAGR Growth (%) | – | 58% | 55% |
| EBITDA Margin (%) | 10.2% | 11.5% | 12.3% |
| PAT Margin (%) | 5.1% | 6.3% | 7.0% |
| ROE (%) | 15.8% | 17.2% | 19.1% |
India’s Growing Smart TV Market
Veira Electronics’ expansion aligns with the booming Indian smart TV industry, which was valued at USD 11.53 billion in 2023 and is projected to reach USD 32.57 billion by 2030, growing at an impressive CAGR of 17%.
Key growth drivers for this surge include:
✔️ Rising disposable incomes
✔️ Increased internet penetration
✔️ Growing adoption of OTT streaming services
✔️ Advancements in smart TV technology
Commenting on the investment, Madhu Lunawat, CIO of Bharat Value Fund, said:
“Our investment in Veira is a step toward contributing to India’s evolving TV manufacturing industry. We believe Veira is well-positioned to reshape the market with its advanced product portfolio and strong manufacturing capabilities.”
Strategic Investment for Future Growth
Bharat Value Fund is a mid-market sector-focused investment firm that backs profitable growth-stage companies. The latest investment will help Veira Electronics strengthen its market presence and accelerate its growth trajectory.
Expressing confidence in the partnership, Ankit Mani, MD of Veira Group, stated:
“By combining our market expertise with BVF’s robust financial backing, we aim to maximize shareholder value and drive sustainable growth. This collaboration sets the stage for long-term economic value creation, ensuring a prosperous future for all stakeholders.”
The Road Ahead: IPO and Expansion
With this pre-IPO funding, Veira Electronics is set to:
✅ Expand its manufacturing capacity
✅ Strengthen its R&D capabilities
✅ Enhance its supply chain efficiency
✅ Enter new markets to increase its global footprint
The company is expected to file for its IPO soon, which will further fuel its expansion plans and innovation initiatives.
Final Thoughts
Veira Electronics’ ₹130 crore pre-IPO funding from Bharat Value Fund marks a strategic step toward a stronger market position in India’s rapidly growing smart TV industry. With its expanding product range, solid financials, and increasing market demand, the company is well-prepared for its next phase of growth and public listing.
As India’s consumer electronics market continues to evolve, Veira Electronics is set to play a pivotal role in shaping the industry’s future.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.