Videocon Telecom to deliver consolidated topline revenue of Rs 1,658 cr in FY 17-18

Videocon Telecom to deliver consolidated topline revenue of Rs 1,658 cr in FY 17-18

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New Delhi, Jun 20

Videocon Telecom is all set to deliver a consolidated topline revenue of Rs 1,658 crore in the current financial year 2017-18 from its existing, newly setup and upcoming business lines. Giving the details of the business, Arvind Bali, CEO, Videocon Telecom, said in a statement,’Self-sustaining business lines is the company’s mantra while selecting new business to venture into.

All the business lines, be it existing, newly setup or upcoming, our first criteria is that the business should be cash positive from the word go, and we don’t have to burn any money to make it run.’ Among the company’s existing business lines is its Broadband & FTTH business in Punjab, Haryana & Himachal Pradesh. The company is the market leader in Punjab and aims to maintain its revenue & customer market share (RMS & CMS). ‘Videocon plans to expand its footprint in the circle by adding another 15 per cent fibre this year in addition to its existing 6000 KM fibre. Maintaining our leadership position in Punjab, we aspire to increase our RMS from by another 4 per cent by 2020,’ said Mr Bali.

The company’s wholesale ILD (International Long Distance) carrier business will continue to be among the top 5 players in India. “We have a good infrastructure to run this business including over Pan India switches, 311 International carrier connects and most importantly excellent business relations with our partners worldwide. We will hold our position in the market and will continue to be among the Top 5 players” added Arvind Bali. He added, “The Enterprise Communication solutions market is estimated to be approximately 1600 Cr, and considering we are a recent entrant in the market, we are targeting a fair market share this financial year.

Our ambition is to be among the Top 3 players in the market by 2020.” ‘We will be providing various industry first solutions to our customers including beacons for proximity marketing and chatbots to create differentiation and value addition to our corporate customers,’ commented Mr Bali. According to the statement, the Company will be focusing on the fast growing Security and Surveillance business.

The security and surveillance market is a 3500 Cr market and expected to grow by a Compounded Annual Growth rate (CAGR) of 20 per cent year on year. Videocon has been undertaking many security and surveillance projects for Government bodies and enterprises including IP based CCTV solutions, Access control solutions, Scanners. Videocon is also venturing in the Smartphone accessories market and will offer range of products including Smart-watches, Smart-bands, Bluetooth headphones & speakers, power-banks, earphones, chargers, cables. “Smartphone accessories market is an approx Rs 8000 Cr market in India, and likely to grow by 20 per cent,’ Mr Bali said.

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