I must admit I was going to comment at first, Mitesh, but thought I will do it later, Mainly I love the concept, It is Loud Bold and a statement, but the lens does not stand out to be what it is, as for the flare, again, I am not sure it is suited to the image, unless the flare is a distinct image with in itself, but I got to say the original concept is great, don't like the top bottom white border though, just feel it is not needed the red is so powerful, it weakens it with the borders.
I think my main problem is I don't understand what you are really trying to portray.
BUT, if I could clearly see, Say a Canon Lens, and the glass portrayed an image that was to show it was a Canon lens, it would be great as an advertisement for Canon advertisement
My opinion though 