Owned by Flipkart and ultimately by Walmart
Year Established: 2018
Headquarters: Bangalore, India
Parent: Flipkart, India
MarQ is a relatively new company that offers a comprehensive range of home appliances that are exclusively crafted for Indian consumers. The brand which has its headquarters in Bangalore, brings premium consumer goods at affordable rates. The company’s product portfolio includes Televisions, Washing Machines, Soundbars, Microwaves, etc.
The fact that MarQ is owned by Flipkart, and ultimately by Walmart, essentially makes it an American company with Indian roots. Until recently, the company depended on China for its products. However, the company now claims that the bulk of their vendors are from India, and they have been actively working to cut down their Chinese tie-ups. There is not much information about this company available in the public domain, which is why we advise you to check the product label for the country of origin/assembly before buying it.
Chinese Presence in Top Management: no
Nationality of Chairman/CEO: Indian
Nationality of Top 3 Shareholders: Indian
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