Logic Eastern product roadmap started with DVB-C Set Top Boxes and we have deployed over 2.4 Million STBs in India. We work with more than 70 Multi System Operators in India and by December 2015, we would be in more than 3 Million homes. We are only Indian company that has developed an entire end-to-end solution for cable TV industry comprising our own Conditional Access Software (CAS), Subscriber Management Software (SMS), Various types of Set Top Boxes (Standard, PVR, HD PVR and OTT) and a feature rich Middleware. In Digital TV space, we work with ST, NationalChip and Entropic.
Logic Eastern has its own software team of 55 engineers at its Noida office. We also have our own manufacturing facility capable of manufacturing over 4000 STBs per day in Noida. We have a well developed sourcing base for plastics, SMT & Metal parts. We have our purchase office in Hong Kong and Singapore for cost effective kitting.
Logic Eastern is currently expanding its focus on enabling its partnering Multi System Operators and Internet Service Providers to start offering Triple Play Services. To that end, it has developed products like Ethernet over Coax modems, Passive Optical Networking Modems, integrated WiFi Access Points and associated SNMP based Management/ Operations software, Billing Software etc. In this space we work with Mediatek, Marvell, Broadcom, Texas Instruments and Credo Semiconductor.
We are backed up by investors like ICICI Bank, US venture capitalists and Technology Development Board, Government of India. We are also supported by some of the largest electronic components consolidators in Japan with an annual turnover of more than $2.7 Billion. This support provides us the credit that is crucially needed to move the credit starved Indian MSO industry. Our March 2014 closing was at INR 46 Crores (around US$8 Million). Our investors and supports continuously encourage and guide us towards far more ambitious goals.
Logic Eastern takes pride in building rich, stable, long term relationships with both, its customers and sources. We believe that our goal of bringing a difference to at least 5M homes would not be possible without these.