Yes, Lava Mobile is a product based company. It is an Indian multinational company headquartered in Noida. Established in 2009 by Hariom Rai, Sunil Bhalla, Shailendra Nath Rai and Vishal Sehgal, the company is involved in designing, manufacturing, marketing and serving mobile handset, latest smartphone, feature phones, tablets, laptops and other electronic accessories under its two brands Lava and Xolo. The company also offers software related services. Recently, the company has also launched its 5G phone in the market. It has 6 offices and 4 manufacturing and services facilities in the country. The company is present in more than 11 counties which includes Thailand, Indonesia, Bangladesh, Nepal, Mexico and Middle east. Company has seen astounding growth in revenue and net profit in the past few years. To expand its business, the company has acquired a licensing deal with Motorola to launch the Moto-brand. This is one of the fastest growing handset companies in the country and is the market leader in many countries.
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