Intex banks on its phones business for growth

Via The Economic Times | Jun 15, 2015

Intex Technologies has said that it is riding on the success of its handset busi
ness to scale up its revenue. "Nearly 70 percent of our turnover comes from the
mobile phones business. We have grown 100 percent from the last year to reach a
turnover of Rs 4,000 crore ($625 million) in 2014-15 and at least Rs 2,800 crore
came from the mobile handset business," Sanjay Kalirona, senior general manager
for mobile business at Intex, said. The Delhi-based company, which has two manu
facturing units in Jammu and one in Baddi, will also open another unit ready for
operation at Noida by June-end. "We are targetting revenue of Rs. 9,000 crore f
or the financial year of 2015-16 of which Rs 7,500 crore is expected to come fro
m the handset business. Hence we are growing at a rate of over 100 percent yearon-year," Kalirona said. The company, which has over 6,000 employees, is positio
ned second in the market with a share of seven percent when it comes to domestic
manufactures according to an IDC report.