Jivi Mobile Expects Rs 25000 Crore Revenue By 2019

Domestic mobile phone maker Jivi Mobiles expects over three-fold growth in revenue by the end of fiscal 2018-19, mainly on account of foray into 4G VoLTE- enabled smartphone segment.

Jivi Mobiles CEO Pankaj Anand said “Currently, we are selling 5 lakh feature phones per month and 70,000 4G smartphones. We are looking to scale it to 10 lakh feature phones and 5 lakh smartphones per month by end of 2018-19. At the end of 2018-19, we are expecting revenue in the range of Rs 2,400-2,500 crore. Company is aiming to sell 20-30 lakh of Revolution TnT3 series phones alone by end of 2018. Through this phone we are targeting at 1.3 crore feature phone buyer who are willing to transition to easy navigation feature of Smartphone. There will be many more models of this phone in coming days. Up gradation in upcoming models will be in terms of storage and camera mainly. Company as of now is selling phones offline only, through around 38,000 retailers, which will be scaled up to 60,000 by March next year. The Lonavala plant will have 10 lakh feature phone and 4 lakh smartphone production capacity per month. We will start selling some of the mobile phones exclusively on e-commerce platform from April onward”.

The Revolution TnT3 has 1 GB RAM, 8 GB internal storage, 2300 mAH battery, 5 megapixel rear camera with flash and 2 mp front camera and finger sensor at the back to lock and unlock phone.

Jivi Mobiles is in the process of setting up its second mobile manufacturing plant in Lonavala, which it expects to be operational by April.