Karbonn sees Rs 8,000 crore biz in FY '15

Karbonn sees Rs 8,000 crore biz in FY '15

Karbonn Mobiles, India's No.3 smartphone brand, expects its revenue to rise more than 60 per cent to Rs 8,000 crore in the financial year ending March 2015, as sales from smartphones surge in the world's second-biggest wireless market by number of users.

The unlisted New Delhi-based company will likely close the current fiscal year with about Rs 4,900 crore in revenues, Managing Director Pardeep Jain said on Wednesday. He expects higher proportion of smartphones in total sales to fuel growth for the next financial year.

Smartphone sales are growing at a fast pace in India, with the market flooded by low-cost phone models mainly from a host of local Indian brands including Micromax and Karbonn.Karbonn on Wednesday unveiled three new smartphones powered by hexa-core and octa-core processors from Taiwanese chipmaker MediaTek (2454.TW). 

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