Jarsh Safety on Shark Tank India: Transforming Industrial Safety with Smart Solutions

Jarsh Safety, based in Hyderabad, Telangana, is a pioneering startup focused on IoT-enabled industrial safety solutions. Founded in 2017, the company designs advanced equipment to reduce workplace hazards and improve safety for industrial workers. Their products integrate predictive technologies to prevent accidents, ensuring reliability and ease of use.

Click here to visit their official website : Jarsh Safety

The company’s innovative lineup includes IoT-enabled tools like SmartVolt for electrical safety and Smart Carabiner for height-related work, alongside its flagship AC helmet that has redefined comfort for workers in extreme heat conditions.

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The founders identified a critical gap in the industrial safety market. They noted that while technology in other fields has advanced rapidly, safety gear for industries like manufacturing, construction, and mining has remained largely unchanged for decades. This gap has led to 25 lakh workplace fatalities annually, a statistic Jarsh Safety aims to reduce.

The founders’ vision centers on creating smart, connected safety equipment that not only protects workers but actively prevents accidents through predictive insights. Their approach combines state-of-the-art technology with user-friendly designs, ensuring adoption across industries.

Jarsh Safety’s patented AC helmet is designed to combat heat stress for workers in high-temperature environments.

• Technology: Utilizes solid-state cooling technology.
• Battery Life: 2 hours on a standalone battery; 10 hours when connected to a waist-mounted battery pack.
• Applications: Ideal for industries like construction, mining, and police departments.
• Cost: Priced between ₹10,000-₹17,000, with a manufacturing cost of ₹4,200.

This helmet accounts for 75% of the company’s revenue and is already being used by notable clients like Vedanta Group, MRF, Asian Paints, and police departments.

The SmartVolt device detects electrical currents without direct contact.

• Purpose: Protects electricians from accidental shocks.
• Impact: Aims to reduce the 3,500 annual fatalities caused by electric shocks in India.

Designed for workers who operate at heights, the Smart Carabiner ensures added security and reduces the risk of falls.

Jarsh Safety has seen steady growth, fueled by its innovative product lineup:

• 2023 Revenue: ₹1.5 Crores (primarily from AC helmets).
• 2024 Revenue (Projected): ₹6-7 Crores, with ₹3-4 Crores from AC helmets.
• 2025 Target: ₹15 Crores in revenue.

The company has been profitable, expecting a net profit of ₹90 Lakhs in 2024, compared to a ₹10 Lakh loss in 2023.

• February 2023: Raised ₹1.5 Crores.
• May 2023: Secured ₹4 Crores.
• Current Bank Balance: ₹3.5 Crores.

The founders pitched Jarsh Safety on Shark Tank India, seeking ₹50 Lakhs for 1% equity, valuing the company at ₹50 Crores. Their innovative products and market vision drew attention from the sharks.

The pitch led to a lively discussion among the sharks, resulting in multiple offers:

• Shark Piyush Bansal: Initially offered ₹1 Crore for 5% equity, later revised to ₹1 Crore for 3%.
• Shark Ritesh Agarwal: Offered ₹1 Crore for 3% equity.
• Shark Namita Thapar: Proposed ₹50 Lakhs for 1% equity, with a 1% royalty until ₹50 Lakhs was recovered.
• Shark Aman Gupta: Offered ₹50 Lakhs for 1.5% equity.

The founders accepted Shark Aman Gupta’s offer of ₹50 Lakhs for 1.5% equity, recognising his expertise in scaling innovative products.

The founders identified a clear problem in industrial safety equipment and provided a solution that resonated with their audience.

By focusing on the patented AC helmet and its benefits, Jarsh Safety demonstrated their value proposition effectively.

While their initial ask was ₹50 Lakhs for 1% equity, the founders were flexible and secured a deal at 1.5%.

1. Premium pricing may limit adoption in cost-sensitive markets.
2. Expanding manufacturing capacity while maintaining quality will be crucial.
3. Convincing industries to adopt smart safety equipment will require focused efforts.

1. Develop new safety solutions for additional industries.
2. Target more corporate clients and government contracts.
3. Raise awareness about the benefits of smart safety equipment through campaigns.

• From AC helmets to IoT-enabled tools, their product range integrates cutting-edge technology for practical use.
• By addressing long-standing issues in industrial safety, Jarsh Safety is saving lives and improving workplace conditions.
• Their clientele includes prominent names like Vedanta Group and Asian Paints, which adds credibility to their brand.

Jarsh Safety’s journey from identifying a market gap to securing funding on Shark Tank India showcases the power of innovation and perseverance. Their patented AC helmet and other smart safety tools are reshaping industrial safety standards, providing comfort and security to thousands of workers.

With a clear growth trajectory, a supportive investor like Aman Gupta, and a focus on addressing critical workplace hazards, Jarsh Safety is well-positioned to expand its impact in the safety equipment market.