Samsung achieved its 10 billion dollar target in India.
According to the latest regulatory filings made to the Registrar of Companies (RoC), Samsung India has become the first smartphone and consumer electronics company to achieve the USD 10 billion in revenues in the country. Additionally, the company has almost completed its 25 years of operations in India.
The South Korean technology giant, also the world's biggest maker of smartphones, reported a revenue of Rs 73,086 crore in 2018-19 on the back of solid performance across its smartphones and consumer durable divisions, according to RoC data.
Samsung India posted a 20 percent jump in revenue in FY19, doubling its growth rate of 10 percent achieved during FY18. According to RoC filing, Samsung India's revenue in FY18 stood at Rs 61,066 crore.
Samsung India's smartphone division contributed a major chunk to the overall revenues, with mobile phone sales amounting to Rs 43,087 crore or nearly 60 per cent of overall revenue. Samsung India's TV as well as home appliances divisions also performed with double digit sales growth, according to RoC documents.
Samsung entered the Indian market in 1995 and currently operates the world's biggest mobile manufacturing unit at its Noida facility. It has another factory in Tamil Nadu. The South Korean giant has five R&D and one design centres in the country. Samsung is also one of the biggest employers in the country with over 70,000 employees.
