The semiconductor market is moving towards an upward trajectory with growing technological advancements and increasing usage of electronic devices such as smartphones and tablets. The rapidly growing industry is driven by technology and its innovations, making it a highly stimulating sector. The Indian semiconductor industry has a massive growth potential and companies like Millennium Semiconductors with their constantly developing solutions, are impelling this upward surge. Established in 1995, Millennium Semiconductors has gone on to become one of the fastest growing distributors of electronic components in India.
Being one of the largest electronic component distributors in India, they have expanded their services to demand creation, design support, and Kitting solutions. Millennium Semiconductor is an ISO 9001:2015 registered organisation, that caters its solutions to a wide-range of segments like Industrial, Consumer Electronics, IOT, Lighting, Automotive, Defense and EMS. With more than 1500+ customers from various segments, they have built a well-established connection in almost every region of India within the past two decades. Headquartered in Pune, they possess a dedicated team for Research & Development and a highly-qualified group of professionals who strive to develop innovative solutions for their customers. Other than Pune, they have branch offices in Delhi, Jaipur, Bangalore, Coimbatore, Hyderabad, Cochin, Chennai, Ahmedabad and Mumbai, as well as overseas offices in Singapore and Shenzhen (China).
Establishing a name in the changing Indian semiconductor industry
The Indian semiconductor industry offers high growth potential as the industries which source semiconductors as inputs are themselves witnessing a surge in demand. End-use industries such as Telecommunication, IT, Office Automation, Industrial Machinery, Automobiles and various other industries have applications for computing in some form or the other, this has inversely grown the demand for semiconductors. With Internet of Things (IoT) picking up pace, the next generation of interconnected devices would further intensify the demand for intelligent computing. It is predicted that the Indian Electronic System Design and Manufacturing market (ESDM) will grow from US $76 billion in 2013 to US $400 billion by the year 2020.
The current scenario of the Indian semiconductor industry is an intriguing prospect for the existing and emerging market players as it offers infinite opportunities for the same. Over the years, Millennium Semiconductors have adapted its strategies and transformed its solutions to meet the changing demands of the market. The rapidly growing industry survives on the principle of providing solutions that are – Smaller, Faster and Cheaper! Millennium Semiconductors have grasped this principle and implemented the same to develop effective solutions and innovative technology for their customers.
The brain behind Millennium’s growth
Haresh Abichandani, Founder and Managing Director of Millennium Semiconductors, is the brainchild of this expanding company. Through his innovative and out of the box ideas, he has repeatedly proved himself to be an asset to the industry. With over 22 years of experience in marketing, engineering, tech management, business development, system design, networking and communications in the field of electronics, he serves as an inspirational figure for many emerging entrepreneurs in this industry.
Millennium Semiconductors started off as an organisation who only distributed Electronic Components. But with Haresh’s tenacious efforts and perseverance, the company has now expanded its business to demand creation, supply-chain, design support and Kitting solutions. It was his visionary perspective that made Millennium Semiconductors attain a name to be reckoned with.
He believes that “Excellence is to do a common thing in an uncommon way”, and rightfully so, he followed that exact path.
Staying one step ahead
Millennium Semiconductors has a full-fledged technical department, wherein they create efficient solutions for their customers, comprising of broad range of segments. Unlike its competitors, they are not solely focused on their own solutions rather they have built an effective strategy to understand the needs of their customers. Millennium has developed various means to help its customers get the best solutions, whether it be POC or Kitting Solutions. They have strategically located their warehouses in India, Singapore and China, along with their logistic system that gives them a distinct edge over its competitors. Millennium Semiconductors has a proficient technical department that enables them to go an extra mile and provide value added solutions. Their one-stop solution supports the customers throughout the entire process from POC to designing, Kitting to delivery and even after-sales proceedings. With a team of more than 100 professional experts, they are currently expanding their reach to a wider audience.
Overcoming Challenges and Adapting to the Ever-changing Technologies
Millennium Semiconductor’s team of engineers, developers, technical leads, and project managers are continuously on their toes to keep up with the Megatrends and the emerging technologies to find the appropriate solutions for its customers. They are never afraid to take risks head-on, which sometimes may lead them into not getting their desired results, but their high team spirit encourages them to face challenges and overcome them.
The Mission Ahead
Millennium Semiconductors has a continued mission to consistently innovate and provide superior quality products and services to its customers, wherein their employees and business partners will contribute an equal part in their success. They hope and believe that being committed towards their mission, will help them to become the preferred choice for their potential customers and suppliers.
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