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India Front Line Report
SEAnews Issue:monthly
2013-08-16 ArtNo.44581
◆Sangeetha Mobiles eyes over Rs 1,000 cr revenue
New Delhi, Aug 8: Multi-brand mobile retailer Sangeetha Mobiles plans to open 130 new outlets by March 2014 with an aim to double its turnover to over Rs 1,000 crore in this financial year.
“We have plan to increase our mobile stores from 220 at present to around 350 by end of this fiscal. As we speak we are heading towards Rs 900 crore revenue and we are confident to cross Rs 1,000 crore by end of financial year 2014,” Sangeetha Mobiles Managing Director L Subhash Chandra said here.
He said that his firm posted revenue of Rs 540 crore in last fiscal and sold around 1 lakh mobile phones every month in which Nokia had maximum share.

【News source】

Sangeetha Mobiles eyes over Rs 1,000 cr revenue

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