Ireland’s IoT Firm Magnet Networks Starts India Operations, To Focus On Smart Cities

Magnet Networks, an Ireland based technology firm, has announced its entry to India with the launch of its IoT solutions. The company has appointed Isha Saraf, who currently looks after the firm’s business in South East Asia and India as VP, to oversee India business as well.

By locating in India, Magnet Networks will be able to provide ‘in-country’ technical and support services to its largest global clients, the company said. The company will offer range of IoT solutions including that for Smart Buildings, Smart Metering, Smart Toll Booth Management solutions, and more.

Group CEO – Magnet Networks, Mark Kellett, said “Indian market’s success is fundamental to Magnet Networks global growth strategy and with support from organizations such as Enterprise Ireland and key partners such as TATA, we believe Magnet Networks India will be one of the Irish success stories that will be talked about for some time.”

He added, “Having a presence in Mumbai allows us to service both our Indian clients and our local multinational clients more effectively. This is an exciting time for Magnet Networks as we continue to expand globally, and we look forward to seeing the potential of the Indian market unfold.”

The company thinks its experience in developing big projects within Europe –  in particular, working on one of Europe’s largest Smart City developments ‘Wembley Park’, London, will help it cater to the needs of India’s smart city projects.

Magnet Networks says it has substantially increased its investment to grow in the Asian market by establishing a permanent commercial and sales presence in Mumbai and Pune.

Director, India & South Asia – Enterprise Ireland, Mr. David Flood, said “Enterprise Ireland is delighted to support Magnet Networks as they expand their award winning business in India. The Irish Government is supporting companies that put innovation first and Magnet is a company that is both innovative and one that is thinking globally.  We call that the ‘Irish Advantage’ and it’s going to bring benefits to all of Magnet’s partners in India.”

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