Intex posts 100% growth in FY13-14
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Intex Technologies has announced its financial results for FY 2013-14 . Intex clocked a phenomenal growth rate of 100% in its overall turnover with an annual revenue base of more than Rs.2,000 crore in FY 2013-14, as compared to Rs.1,000 crore in FY 2012-13. Intex’s mobile vertical is the major contributor to the revenue achievement. The mobile vertical alone has grown by more than 300%, accounting for 65 per cent of the company’s overall annual turnover in FY 2013-14. Narendra Bansal, Chairman & Managing Director, Intex Technologies , said, "Our 100% growth story in FY 2013-14 is a clear reflection of the success of our product innovation and revamped brand imagery. With our mobile division having contributed significantly to our overall revenues, this vertical is being considered as a future growth driver. FY 2014-15 looks promising because of a growth in the demand for smartphones and LED TVs. Our foremost focus this...