Flipkart’s Jeeves Partners With Cellecor Gadgets To Boost Local Manufacturing, Enhance After-Sales Service Quality in India, Aligning With ‘Make in India’ Initiative

Mumbai, February 2: Aligning with the 'Make in India' initiative, Cellecor Gadgets Limited on Sunday collaborated with Jeeves Consumer Services, a part of the Flipkart group to enhance customer satisfaction and service quality. Jeeves is a leading third-party service provider in India, and the partnership aims to improve the after-sales services for Cellecor Gadgets' products, according to its stock exchange filing. "This collaboration aligns with the vision of providing innovative, reliable, and technologically superior products that cater to the evolving needs of Indian households," Cellecor Gadgets said.

The company further added that the collaboration reinforces the commitment to strengthen local manufacturing while delivering high-quality consumer electronics. Jeeves specialises in lifecycle management across various categories, according to the exchange filing. Meanwhile, Cellecor Gadgets last week announced another strategic partnership with Zetwerk to produce advanced ranges of Google TV, QLED, and Mini LED Smart TVs. MSME Credit Cards ‘Transformative Move’ but Streamlining Loan Disbursement Process ‘Crucial’ for Grassroot Impact: Industry Experts.

Furthermore, the company has entered into an agreement with Dixon Electro Manufacturing Private Limited (DEMPL), a subsidiary of Dixon Technologies, to strengthen its manufacturing capabilities. In August 2024, the company declared a stock split in the ratio of 10:1, meaning each shareholder received 10 shares for every one share they held. Cellecor Gadgets has been one of the top performers on Dalal Street in the last year. As per the exchange filing, the stock has delivered a significant return of 95 per cent in six months. Donald Trump Tariffs on Imports: South Korea Bracing for Impact Amid 25% Tariffs on Canada and Mexico, 10% on China Goods on Energy, Semiconductors and More.

Over the past year, it has turned into a multibagger delivering a return of 113 per cent to its investors. As of Saturday (February 1), shares of Cellecor Gadgets closed at Rs 60.75 each on the National Stock Exchange (NSE). As of October 31, 2024, the company's shareholding pattern shows that promoters own 49.64 per cent of the company, while Foreign Institutional Investors (FIIs) hold 2.92 per cent and Domestic Institutional Investors (DIIs) hold 1.54 per cent. The remaining 45.90 per cent is owned by non-institutional investors.

(The above story first appeared on LatestLY on Feb 02, 2025 06:37 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).