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Cerebra eyes Rs 1,000-cr turnover by 2020

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Press Trust of India New Delhi
Cerebra Integrated Technologies today said it is looking at a revenue target of Rs 1,000 crore by 2020 from its electronics and e-waste businesses.

"Cerebra is targeting to achieve Rs 1,000 crore of business by year 2020 and has put in a proper team and planning to achieve this target. It is a very conservative target considering the enormous potential of its businesses like e-waste and the manufacture of storage and servers," Cerebra said in a statement.

It has assembly lines at Peenya Industrial Area in Bengaluru where it makes laptop, desktop computers, servers and networking products.

"The company is also expanding its manufacturing lines to ensure a healthy contribution from the EMS (electronic manufacturing services) division. This initiative will ensure a healthy bottom line," it said.
 

In November, Cerebra had signed a pact with a US-based company Echostreams for manufacturing Cerebra branded storage servers for India and MENA (the Middle East and North America) region.

Cerebra has already set a target to achieve Rs 100 crore revenue from its e-waste business.

Cerebra shares today closed 16.85 per cent down at Rs 18.5 apiece on BSE.

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First Published: May 03 2016 | 4:57 PM IST

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