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 FY14, as compared to Rs 1,000 crore in FY13.
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% of the company's overall annual turnover in FY 2013-14.
Narendra Bansal, chairman and MD, 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 year will be on innovation. We will endeavour to delight our customers with more novel products at attractive price points."
Intex has revolutionized its product portfolio with the introduction of India's first "True Octa-core" smartphone and the Full HD Aqua i7. Another unique offering that Intex has launched this year is, "Matrabhasha" app, which is the first multilingual application.