Hometech Digital, a Paras group firm, is targeting to make Akai among the top five consumer electronics brands in the country, the company said in a release.
The brand will be headed by Ramesh C Gaur, who has been appointed as the managing director of Akai India.
Commenting on the development, Gaur said: "We are optimistic about our plans and approach to establish and maintain consumer belief and satisfaction in us. As accepted globally, AKAI is known for its value-driven methods of business, and we aim to continue with the same values".
He further said that increasing consumption of consumer electronics will be a key growth driver for Akai in India.
Presently, Akai's India portfolio includes LED TVs, washing machines, air purifiers, air conditioners, microwave ovens, kitchen and small home appliances and refrigerators.
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