Archive · 31 Jul 2026
Ai+ Smartphone Targets Rs 7,500 Crore Revenue in FY27 After 2 Million Units Sold
Ai+ Smartphone is a new Indian phone brand that has sold more than 2 million phones since it started in July 2025.
The company wants to make 7,500 crore rupees in sales next year.
It has spent 60 crore rupees on software and engineering and plans to hire more than 150 engineers.
The CEO, Madhav Sheth, says the goal is to make India a leader in phone technology, not just a place that builds phones.
The company is investing in research and development to create new ideas and products that can compete worldwide.
Ai+ Smartphone has sold over 2 million units since its July 2025 launch.
The company aims for Rs 7,500 crore revenue in FY 2026‑27 after earning Rs 965 crore in its first shortened year.
It has invested Rs 60 crore in software, engineering, and server infrastructure and plans to grow its R&D team to more than 150 engineers.
CEO Madhav Sheth stresses building indigenous technology, software, and intellectual property to compete globally.
Ai+ is expanding investments across software, engineering, testing, and R&D to strengthen India’s innovation ecosystem.
- Who
- Ai+ Smartphone and NxtQuantum Shift Technologies, led by CEO Madhav Sheth
- What
- Launching a homegrown smartphone brand, targeting Rs 7,500 crore revenue and expanding R&D
- When
- Launched July 2025; revenue target for FY 2026‑27
- Where
- India
- Why
- To build a globally competitive Indian technology brand and strengthen domestic tech capabilities
- Revenue target FY 2026‑27
- Rs 7,500 crore
- Units sold since launch
- Over 2 million
- Investment in software & R&D
- Rs 60 crore
- Planned R&D team size
- More than 150 engineers
- CEO
- Madhav Sheth