Karbonn aiming at Rs. 8,000 crore revenue in FY 2015

Homegrown telephone set maker Karbonn aims to clock a revenue of Rs eight,000 large integer in 2014-15, growing near eighty per cent, because it expands its smart-phone portfolio.

Karbonn, that is that the country's third largest smart-phone maker, expects to shut this financial  with Rs four,500 large integer in revenues.

"About eighty per cent of our handsets oversubscribed area unit feature phones and also the remaining area unit smart-phones. we have a tendency to expect the magnitude relation to vary to 50-50 within the next financial ," Karbonn director Pardeep faith told PTI.

Smart-phones account for forty per cent of Karbonn's revenues which is anticipated to grow to sixty five per cent, he said.

Also, Karbonn plans to pay Rs three hundred large integer on selling and sales and concerning Rs four hundred large integer on R&D throughout subsequent financial , Jain said, adding that the pay can specialize in smart-phones.

The company nowadays launched 3 new smart-phones, supported the most recent robot KitKat software system and hexa and octa-core processors, in partnership with mobile chipmaker MediaTek.

The 3 phones -- metal Hexa, metal hydrocarbon and metal hydrocarbon and -- area unit priced at Rs sixteen,990, Rs 14,490 and Rs seventeen,990, severally. The devices can begin shipping from the last week of April.

"We area unit the primary Indian whole to supply KitKat OS to the Indian shoppers. The smart-phone market in India grew by nearly 229 per cent in 2013 and also the partnership with MediaTek can enable America to more consolidate our position within the domestic market," he said.

According to analysis firm IDC, smart-phone sales surpassed forty four million units in 2013, up from 16.2 million in a pair of012.

This surge has been chiefly high-powered by home mature vendors that have shown an amazing and consistent growth over the past four quarters of 2013.

Samsung diode the Indian smart-phone market (37 per cent), followed by Micromax (16 per cent), Karbonn (10 per cent) and Sony (5 per cent) within the October-December 2013 amount.

The overall phone market in India stood at near 257 million units in 2013, associate eighteen per cent increase from 218 million units in 2012, with a noteworthy migration from feature phones to smart-phones primarily attributable to the narrowing worth gaps between the 2 product classes.