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Intex aims to double turnover to $1.5 bn

Mon, Aug 03, 2015, 03:50 PM
Hyderabad, Aug 3: Intex, a diversified technology firm, aims to more than double its turnover to $1.5 billion (Rs.9,000 crore) during the current financial year, a top company official said on Monday.

The company, which is into the business of mobile phones, consumer durables and IT products, had a turnover of $600 million (Rs.4,000 crore) during 2014-15. Mobile phones account for 85 percent of the total turnover.

Keshav Bansal, director, Intex, said they would be investing Rs.2,700 crore over the next two to three years as part of aggressive plans to double the turnover. The zero debt company will raise all the funds internally.

He was talking to reporters on the sidelines of an event where the company roped in Telugu superstar Mahesh Babu as the brand ambassador and also launched a new smart phone - Intex Aqua Trend.
Agency: IANS
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