Arham Technologies

What Arham Technologies does

Arham Technologies Limited is a Raipur, Chhattisgarh-based consumer electronics manufacturer founded in 2013 and listed on the NSE SME platform since December 2022. The company designs, manufactures, and distributes Smart Televisions, Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Air Coolers, Washing Machines, and Mixer Grinders under its in-house STARSHINE brand and secondary ARATTON brand. Manufacturing is anchored in a 45,000 sq ft modernized production facility in New Raipur with claimed Central India-first Class 1K clean room TV assembly, ESD-controlled lines, automated stator winding for fan motors, and multi-stage quality testing (including 3kV high-voltage testing, multi-voltage simulation, soundproof noise-chamber fan testing, and 45-minute TV aging tests); annual production capacity is stated at 300K TVs and 500K fans.

Smart TV functionality is delivered through the Android/Google TV operating system via an 'Android Compatibility Commitment' with Google LLC signed in April 2023 and a Google EDLA (Enterprise Devices Licensing Agreement) certification with Android 14 secured in May 2026 for Interactive Flat Panel Displays. The company also operates an OEM/ODM business manufacturing LED TVs for unnamed partner brands.

Revenue is generated primarily through hardware sales across consumer electronics categories, distributed via a 500+ trade partner network focused on Tier 2 and Tier 3 Indian markets and through direct-to-consumer e-commerce at starshine.co.in. The FY26 disclosed revenue from operations is ₹118.56 crore with PAT of ₹12.20 crore and EBITDA of ₹19.03 crore, representing 70%, 67.75%, and 50% year-on-year growth respectively. The company has publicly targeted ₹300 crore in revenue by FY28 and is executing a ₹53.5 crore preferential issue (2026), FPO approval up to ₹60 crore, and a land acquisition of 6,350 sq metres at the Nava Raipur Electronic Manufacturing Cluster for backward integration. In January 2024 it incorporated a wholly-owned subsidiary to enter the electric two- and three-wheeler market, and in 2026 actor Vicky Kaushal was appointed as STARSHINE brand ambassador.

Name

Arham Technologies

Legal name

Arham Technologies Limited

Website

https://arhamtechnologies.co.in

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Arham Technologies Limited is a Raipur, India-based manufacturer of smart TVs, fans, air coolers, washing machines, and mixer grinders under the STARSHINE brand, serving Tier 2 and Tier 3 Indian households via 500+ trade partners, e-commerce, and OEM manufacturing services.

Ownership category

akta.pro rank

Headquarters

HQ city

Raipur

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Smart Televisions: Manufacture and sale of Smart Televisions under STARSHINE brand, featuring Google TV integration and Android OS. This is the company's flagship product category with clean room manufacturing.
2. Fans (Ceiling, Table, Pedestal, Exhaust): Manufacturing of various fan types including Ceiling Fans (500K units annually), Table Fans, Pedestal Fans, and Exhaust Fans with BLDC smart fan technology.
3. Air Coolers and Washing Machines: Air Coolers and Washing Machines sold under STARSHINE brand through trade partner network and e-commerce channels.
4. Mixer Grinders: Kitchen appliances including Mixer Grinders sold through the STARSHINE brand distribution network.
5. OEM/ODM Manufacturing Services: Original Equipment Manufacturing services for other brands, producing LED TVs as an OEM business model.
6. Electric Vehicles (EV) Subsidiary: Newly incorporated subsidiary entering Electric Vehicles segment for two-wheelers and three-wheelers as a diversification strategy.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Arham Technologies manufactures and sells consumer electronics and home appliances under its STARSHINE and ARATTON brands, including Smart Televisions (with Google TV/Android OS), Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Air Coolers, Washing Machines, and Mixer Grinders. The company operates its own manufacturing facility in Raipur with Class 1K clean room TV assembly, automated stator winding for fans, and multi-stage quality testing, and additionally provides OEM/ODM LED TV manufacturing services to other brands.

Product overview

Arham Technologies operates as a Raipur-based consumer electronics manufacturer with two brands — STARSHINE (primary consumer-facing brand) and ARATTON — and an OEM/EMS manufacturing business. The product portfolio is anchored by STARSHINE Smart Televisions (featuring Google TV/Android OS, Central India's first clean room TV assembly) alongside a comprehensive home appliance lineup including Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, 3-in-1 Multipurpose Fans, Air Coolers, Washing Machines, and Mixer Grinders. The company also manufactures Interactive Flat Panel Displays with Google EDLA certification (Android 14). All STARSHINE products are sold through starshine.co.in, while the company also serves as an OEM manufacturer for other brands under an EMS model. The company is expanding into the Electric Vehicle (EV) segment via a dedicated subsidiary targeting two-wheeler and three-wheeler markets.

Differentiator

Problem solved

Functional benefit

Brands

• Starshine: In-house consumer electronics brand offering Smart Televisions, Washing Machines, Ceiling Fans, Table Fans, Pedestal Fans, Exhaust Fans, Mixer Grinders, and Air Coolers. Trusted by families across India for value and technology built to last.

Products and services

• STARSHINE Smart Televisions Smart televisions with Google TV/Android OS, manufactured in Central India's first TV factory with Class 1K clean room assembly, multi-voltage simulation, HDMI/USB/Wi-Fi testing, and 45-minute aging tests. Targeted at value-conscious Indian households.
• STARSHINE Ceiling Fans Ceiling fans with 500K units annual manufacturing capacity, featuring automated stator winding, BLDC smart fan technology, high voltage insulation testing, voltage stress testing, soundproof noise chamber testing, wattage efficiency checks, airflow/RPM calibration, and blade angle precision. Engineered for durability under Indian electrical conditions.
• STARSHINE Air Coolers Air coolers sold as part of the STARSHINE home appliance lineup targeting everyday household cooling needs in Indian households.
• STARSHINE Washing Machines Washing machines offered under the STARSHINE brand as part of the expanding home appliance portfolio for Indian households.
• STARSHINE Mixer Grinders Kitchen mixer grinders offered under the STARSHINE brand for Indian household cooking needs.
• STARSHINE Table Fans Table fans manufactured under the STARSHINE brand, part of the fan product family covering multiple form factors.
• STARSHINE Pedestal Fans Pedestal fans under the STARSHINE brand, part of the multi-format fan product family for Indian households.
• STARSHINE Exhaust Fans Exhaust fans under the STARSHINE brand, completing the comprehensive fan product range for Indian households.
• STARSHINE 3-in-1 Multipurpose Fan A multi-purpose fan combining three fan modes in one unit, offered as an innovative product variant under the STARSHINE fan family.
• Interactive Flat Panel Displays (Google EDLA-certified, Android 14) Enterprise interactive flat panel displays with Google EDLA certification running Android 14, targeting commercial and educational markets.
• OEM/ODM LED TV Manufacturing Services Original Equipment Manufacturing services for other brands, producing LED TVs as an OEM/EMS business. Provides cost-effective domestic manufacturing capacity with established quality systems to brand partners.

Quantifiable outcome

• 70% revenue growth YoY to ₹118.56 crore in FY26
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

One partnership is on record.

• Google LLCcoreTechnology or Integration · 4 April 2023Entered into an 'Android Compatibility Commitment' with Google LLC to launch the latest Google TV technology under the STARSHINE brand. The partnership enables STARSHINE Smart TVs to feature certified Android OS integration. Additionally secured Google EDLA (Enterprise Devices Licensing Agreement) certification with Android 14 for Interactive Flat Panel Displays in 2026.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Symphony: Indian leader in residential and commercial air coolers with strong Tier 2/3 and rural distribution — directly comparable in the air cooler category and Bharat-focused go-to-market.
• Dixon Technologies: Largest Indian EMS/ODM manufacturer of consumer electronics including TVs, washing machines, and LED lighting. Most direct comparison for Arham's OEM/ODM business and overall electronics manufacturing model.
• Crompton Greaves Consumer Electricals: Leading Indian player in fans, pumps, and small appliances with strong distribution into Tier 2/3 markets — directly comparable in product mix (ceiling fans, air coolers, mixer grinders) and go-to-market focus.
• Havells India: Pan-India consumer durables brand covering fans, small appliances, water heaters and lighting. Comparable in product overlap (fans, mixer grinders) and pan-Indian retail distribution model.
• Orient Electric: Indian manufacturer of fans, lighting, small appliances and switchgears with strong presence in mass-market and Tier 2/3 channels — highly comparable in fan portfolio and value-segment positioning.
• Bajaj Electricals: Diversified consumer durables and appliances player covering fans, mixer grinders, water heaters and small appliances. Comparable product overlap and India-wide distribution.
• V-Guard Industries: Indian consumer durables manufacturer covering fans, water heaters, stabilizers and small appliances. Comparable in value-segment consumer durables positioning and South/West distribution depth.

Broad incumbents

• Voltas: Large Indian air-conditioner and appliance manufacturer (Tata Group) with significant fan and air cooler business. Overlaps in air coolers and fans but operates at materially larger scale across multiple categories.
• Samsung India: Global TV and consumer electronics leader with major India manufacturing footprint. Direct overlap in smart TVs but at vastly larger scale, broader product portfolio, and deeper R&D.
• Xiaomi India: Leading smart TV brand in India with strong online and offline presence. Direct overlap in affordable smart TVs and aggressive value-segment pricing that pressures Arham's price-value positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arham Technologies