Domestic handset maker Micromax today said it is eyeing a revenue of Rs 2,500 crore this fiscal as it expands footprint globally and strengthens product portfolio.
"We did revenue of about Rs 1,600 crore and this year, we are looking at about Rs 2,500 crore," Micromax Informatics Business Director Vikas Jain told reporters here.
The company, which currently exports handsets to Nepal, Sri Lanka, Bangladesh and the Middle East countries, will foray into Brazil soon.
"We are waiting for clearance for handsets from Anatel and then we would launch our products in Brazil," he said adding that it would take about 45 days for the approval to come in.
From October onwards, Micromax expects exports to account for sales of one lakh units, of the total 12 lakh handsets the company sells every month.
The company has also filed the draft prospectus with the Securities and Exchange Board of India (Sebi) for raising funds for setting up a new manufacturing plant, acquisitions and other brand building initiatives.
