Manana Innovations aims $40 mn in revenue by July 2017

Telecom services company Manana Innovations today said it is aiming to increase its revenue to USD 40 million per month by July 2017 on account of the fast growing industry.
"We will be launching large number of products related to telecom, internet, and automation and this will add exponential possibilities and growth. On account of these developments, we have targeted revenue of USD 40 million by July 2017," Founder of Manana Innovations, Chandan Ghosh said in a statement.
Currently, the company's revenue is about USD 1.5 million per month, he said.
He also said that the company plans to invest Rs 500 crore to build its mobile services business in India and abroad over the next five years.

The firm is also joining hands with different companies for global internet SIM and WiFi roaming, he added.
"Beyond SIMs, we are launching other products. We also intend to start manufacturing several products and services in India and supply to the world within three years," he added.