New Delhi, Dec. 26 -- Redington Ltd, India's largest distributor of consumer gadgets, is looking to transform itself into a marketplace platform from a pure-play distribution company, a top executive at the $10-billion company said. The change stems from the sharp growth in its software and cloud segments, as the companies it works with focus more on cloud and AI.

For the next few years, distribution and logistics will remain the mainstay of the company that distributes Apple iPhones, iPads and MacBooks in India; however, the marketplace platform will begin to take shape from 2025 and later become a larger play, group chief executive officer V.S. Hariharan said.

"We're investing a few million dollars on the platform called Cloud Quarks ...