Eyeglass manufacturing company Lenskart is going to build the world’s largest eyewear manufacturing factory. The company is investing Rs 1,500 crore for this factory to be built in Telangana. This plant of Lenskart will generate about 2100 jobs. Lenskart co-founder Amit Chaudhary said today i.e. Sunday (8 December) that eyewear, lenses, sunglasses as well as accessories and other products will be made in this factory. From this manufacturing facility, Lenskart will also export products to South-East Asia and Middle East. The company said – We are impressed by the growth of Telangana. On December 8, the government led by Revanth Reddy has signed this Memorandum of Understanding (MoU) with the company on completion of one year. In the program, Amit Chaudhary said that the company was exploring possibilities for this in many states. But he was very impressed with the growth of Telangana and has signed this deal with the government. Lenskart was formed in 2010. Lenskart’s founder Piyush Bansal, along with his Kolkata friend Ameet Chaudhary, planned to form a company that could change the habit of Indians of not wearing glasses. He found another co-founder Sumit Kapahi on LinkedIn. Sumit had left his job in an eyewear company a few months ago. The three together formed Value Technology in 2010, which had different e-commerce websites. It had Lenskart, Jewelkart, Bagkart and Watchkart websites. After some time, seeing the potential in the glasses market, the three started focusing only on Lenskart. Automatic manufacturing unit The company started the world’s first automatic manufacturing unit in Bhiwadi, Rajasthan. Currently, the company has manufacturing units in Delhi, Gurugram as well as Zhengzhou, China. The company is going to set up a new plant in Bangalore at a cost of Rs 1600 crore. Its production will start in the next 18 months. —————————– Read the entire story of the formation of Lenskart… Mega Empire – Built a company worth 47 thousand crores in 14 years: Piyush Bansal left Microsoft and started it; 3 things make it different Lenskart has received the Startup of the Year award for strong revenue growth and becoming a big brand in a short time. According to the Economic Times, the market cap of Lenskart is more than 47 thousand crores. It is estimated that by the end of the financial year 2025, its revenue will cross 8 thousand crores. The story of Lenskart and its founder Piyush Bansal
