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MIRC Electronics eyes Rs 1,200 crore of business in coming two years

10 Mar 2012 Evaluate

MIRC Electronics, manufacturer of Onida brand of consumer durables, is eyeing to close this financial year 2011-12 around Rs 500 crore and also targeting Rs 1,200 crore of business in coming two years. The company expects LED television (flat panels) and the air-conditioner business to drive its growth in future.

The whole size of air-conditioners market is 2.4 million and Onida expects to complete this financial year by retailing 3.8 lakh units across the country. Some of the major markets for Onida’s air-conditioning business are Tamil Nadu, Andhra Pradesh, Kerala, Gujarat, Punjab and New Delhi.

Mirc Electronics, sells consumer durables under brand Onida, is engaged in manufacturing and marketing of LCD TV, DVD and home theatres, air conditioner, washing machine, mobile phone, microwave oven and projectors and display products.

MIRC Electronics Share Price

31.63 0.23 (0.73%)
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