Let's first learn what product-based companies actually are. As the name suggests, a product-based company makes products for consumers at different levels and markets. A service-based company, on the other hand, offers its services when a customer approaches them. Examples of product-based companies include Zebronics, Zoho, Freshdesk, Gofrugal Technologies, Chargebee, Aquaconnect, Finwego, Uniphore, and Guvi, etc.

Product-based companies create products such as smartphones, electronic items, software products such as Illustrator, mobile applications etc. These products are then marketed and then delivered to the audience.

Chennai is an important and big city in South India. We can say that it is more than a favourable destination for IT firms and start-ups. It is possible due to the burgeoning start-up culture in the state, as well as a new crop of talented individuals contributing to unprecedented technology initiatives across a wide range of technology fields.

Advantages of working in a product based company

Working at a product based company has its own merits. Some of them are as follows:

Here the chance to deal with new tech stacks is extremely high because the world is changing every day and you have to keep updating your skills. So, if you are tech savvy, this is the perfect solution for you. You are expected to perform better every time because there is always some room for product improvement.
Here, you have space to explore domains other than the coding world. You will gain practical experience with various business methodologies and analyze the mind-set of the customers. You will have a better understanding of the market situation and strategy. If you want to start your own business in the future, nothing can stop you.
Because quality is king here, there will be a lot of emphasis on the quality and efficiency of your code. This will cause your knowledge and learning graph to grow.
Emphasis is more on your skills and the salary is correspondingly good. The products here are not client specific, just like investing in companies, so they choose better people with better skills and give you better pay to ensure employee satisfaction. The ranking here is purely based on your performance.
Any revolutionary idea is always welcome. It could change an entire business line. In this way, developers are encouraged to share their ideas and have an active role in shaping the product. You get satisfaction and pride when your own idea is approved and implemented.
You would get extensive training opportunities in a product based company. Here, you will encounter difficulties that will lead you to development. Everything here will be amazingly sharp and intense. Some products may not work in the market. In a situation like this, you have to keep your morale up. Any product will eventually gain traction in the market if the right strategies are used. Resilience is how you evolve and thrive.
It is also worth noting that Chennai is home to a number of start-ups and small businesses that focus on creating new products and services. These companies are often at the forefront of new technologies and play a key role in driving innovation in the region.

Companies based in Chennai

Some software companies based in Chennai are as follows:

1. Chargebee

Chargebee is a SaaS product company. It builds subscription and billing software and powers some of the fastest growing SaaS and subscription-based companies in the world.

2. Gofrugal Technologies

Gofrugal is a digital-first company offering cloud and mobile ERP solutions for retail, restaurants and distribution. Founded in 2004, the company helps businesses embrace agility and digitally transform to stay competitive in a dynamic marketplace. It helps businesses grow with minimal staff, minimal skills and 100% accurate and reliable solutions. Gofrugal products and solutions enable businesses to delight their customers, effectively manage them, connect and collaborate with their stakeholders and above all make timely decisions on the go.

3. Finwego

Based in Chennai, Tamil Nadu, Finwego was launched in December 2018. It has building customized loans for the fast-growing school education space, as they realized an integrated approach to lending to everyone in the space was missing. Finwego aims to meet all the financial needs of teachers, parents and schools with carefully crafted exclusive loans while helping to build a healthy school environment for a promising future. Finwego caters to school management, parents, teachers and vendors, acting as a one-stop shop for all their financial needs.

4. Uniphore

With Uniphore, no matter who you are, where you are in the world, or what language or dialect you speak, its conversation automation platform can deliver the most sophisticated, accurate, personalized and automated customer experiences on the planet. It provides natural conversation, no frustration, just real understanding including real-time emotion and intent.

5. Guvi

GUVI (Grab Your Vernacular Imprint) is an online computer programming learning platform based in India. It offers free and paid coding courses for students and working professionals in Indian languages like Hindi, Telugu, Kannada, Bengali, Tamil and English. GUVI's mission is to "make technical education accessible to all in their native languages".

6. Zoho

Zoho Corporation is an Indian multinational technology company that makes computer software and web-based business tools. It is best known for the online office suite offering Zoho Office Suite. The company was founded in 1996 by Sridhar Vembu and Tony Thomas and has a presence in seven locations with global headquarters in Chennai.

Miscellaneous