Global Infonet Bets High on India Market, projects a growth of 27%

2014 has been a good year for the Global Group, the Parent company of Global Infonet. Having grown 25% YoY, the Group last year has had a turnover of $ 1.15 billion. It has also made major investments worldwide; the most significant however will be its acquisition of a German brand I-onik that has a line-up of smartphone and tablet products.

However, what is of interests is that the growth that Global is projecting is expected to come from India and Latin American markets in times to come. And this is evident very much when we talk of India – from 27 branches in 2013, Global has added 7 more branches making it 34 branches, added 10 new brands to its list of principals and most importantly grown its revenue from 1100 crore to 1230 crore. The youngest of all the top 10 Distributors in India, India contributed 21% to the overall revenue of the group in 2014, which is expected to go upto 27% this year.

Prashant Prakash CEO Global Infonet Pvt Ltd 300x300 Global Infonet Bets High on India Market, projects a growth of 27%As far as the India market is concerned, it is going to be a big bet for Global Infonet. To start with, Global is looking at a 360o distribution for both IT & Mobility, which will range from Consumer Electronics, e-retail, Corporate Sales to modern trade and Telecom. Having emerged as a leading player in distribution, the company is now looking at consolidating these areas by focussing more on the business, adding more products to their product line, adding value to every stage right from the supplier to the consumer. “Partners will start looking at us more as a VAD in this business.  Not only this, we are also going to value add for manufacturers in terms of pricing management, order management, organized trade and so on,” asserts Prashant Prakash, CEO – Global Infonet Pvt. Ltd... See more 

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Fake GST invoice scam; 215 people arrested, ₹700 cr recovered

Image
Fake GST invoice scam; 215 people arrested, ₹700 cr recovered:  The   Directorate General of GST Intelligence (DGGI)   has recovered more than ₹700 crore from the arrested 215 people and in the last two months. The individuals who have been arrested for   GST fake invoice frauds   and are fly-by-night operators who fraudulently avail, pass on and utilize input tax credit (ITC) in multi-layered scams. The GST intelligence authorities have also registered over 2,200 cases and have unearthed more than 6,600 fake   GSTIN   entities. “Out of the 215 arrests so far there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner,” the statement said.   The recent usage of data analytics, data-sharing and AI along with BAFTA tools has helped the agency to detect fraudsters with precise inputs. The DGGI in its statement also said that the arrested include several managing dir
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’t be exchanged like-for-like with an
Read more