Between 2021-2028, the global marketplace for electronic components is projected to increase at a CAGR of 9.2 percent, from a market size of $273.7 billion in 2020. Electronic product adoption is increasing as a result of digital transformation, the uptake of high-end technology devices, technology-driven transformation, policy and incentive boosts from the government, and government initiatives like Digital India, Smart Cities, and Make-in-India.Although established in 2020, Ultimate Solutions (an ISO 9001 certified & MSME registered firm) is a part of Ultimate Group of Companies, which made its presence known in 2014, in the field of Test and Measuring Instruments & Analytical Equipment. The company is a one-stop shop for electronic components and is an application-based solutions provider for equipment & components used in a variety of industries, laboratories, and research organizations. It provides comprehensive solutions to its national and international customers with unmatched service, technical support, and training.
Thriving on Uniqueness
The company's main objective is to empower people and industries and contribute to the development of the country. “We strongly believe that customers are the key to success of any business and that the success of our customers is strength to our business, and when the businesses are strong, the people are empowered, the nation becomes more powerful”, shares Mayank Gupta, Promoter, Ultimate Group. With the aim of always serving customers with the best solutions, the firm has developed a wide range of services and products which perfectly cater to the numerous needs of the customers.
Ultimate Solutions is a multi-line distributor of electronic and semiconductor components that are obtained directly from international manufacturers, their agents, authorized distributors, and excess stock from their global EMS/OEMs. It maintains a large inventory and offers millions of parts for sale, all of which are of high quality and competitively priced.
Through a history of superior customer service, market adaptability, and knowledge of the component industry, the company has amassed a clientele that spans the globe. Ultimate Solutions also offers Integrated circuits, memories, power supply ICs, surge protectors, capacitors, resistors, inductors, fuses, switch relays, RF coaxial adapters, connectors, electro mechanical parts, wires and cables, wire harnesses, test jigs, sensors, crystal & oscillators, led & lighting products, and GPS modules.
The firm further intends to expand its range of products and services. “We intend to incept and develop our own in-house IC quality testing facility meeting international test standards. We are planning to have a state-of-the art inventory warehouse to house millions of components frequently used in various projects and applications, thereby making them easily accessible to the customers.
We are also planning to have our own e-Commerce site to enable online accessibility to our stores and are already providing several value-added services like Electronic Manufacturing Services, Engineering design, PCB fabrication, Sub-assembly manufacturing, turnkey or box builds, functional testing, Kitting, Consolidation & Distribution, BOM, and order fulfillment on behalf of OEMs”, further adds Mayank Gupta. With a range of services under its belt, the firm is continuously striving to offer the most advanced solutions with the latest emerging technologies, at competitive prices.
We Strongly Believe That Customers Are The Key To Success Of Any Business & That The Success Of Our Customers Is Strength To Our Business, & When The Businesses Are Strong, The People Are Empowered, The Nation Becomes More Powerful
Future Roadmap
A tactical roadmap, in the opinion of Ultimate Solutions, is necessary for growth because it fosters a sense of urgency and an action plan for realizing the company's vision and mission. The company has a to-do list that includes, identifying prospective customers and key business areas, signing up with new suppliers and manufacturers, working with design houses and R&D organizations, registering opportunities and achieving design wins, working on new technologies like 5G, electric vehicles, IoT technologies, and green technology companies, implementing ERP and e-Commerce sites, and identifying gaps, to name a few. The company also hopes to establish a charitable foundation.
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