LAVA International Limited crosses USD 1 billion revenue mark in FY14-15, registers more than 100% growth over last year

 Overall sales witnessed a three-fold growth with 300% increase in volume (YoY)  LAVA International Limited aims to increase its workforce and hire 7,000 people in FY 15-16  Company expanded business across 8 countries in FY14-15, operating in , Myanmar, Middle East, , and now in & Mexico as well

New Delhi, May 06, 2015: LAVA International Limited, a leading company in the mobile handset industry today announced its achievement of crossing USD 1 billion revenue mark in FY 14- 15, registering a growth of over 100% over FY13-14.

Catering to a vast market segment of , the company sold more than 26 million handsets and recorded group sales of INR 70 billion in FY 14- 15. The growth has been fuelled by a three-fold increase in the smartphone segment in comparison to FY 2013-14 with significant contribution coming from international markets.

Lava International became the no 2 player amongst the Indian brands in overall handsets as well as in smartphones in FY14-15 (Source: Cybex Exim Solutions)

Lava International Limited is expanding in global markets in a big way. In FY 14-15, the company was present in 8 markets that includes Bangladesh, Myanmar, Middle East, Nepal, Thailand and will now start catering to markets like Indonesia & Mexico as well. The brand is amongst the top 3 smartphone players in Thailand.

Pursuing its plans to manufacture products in in line with the ‘Make in India’ initiative, the company has commissioned its assembly line in North India which will be scaled up in this FY. It also announced a phased wise investment plan of INR 1,200 crore for manufacturing and plans to hire 7,000 people in current year to strengthen its business.

Commenting on the achievement, Mr. Hari Om Rai, Chairman & Managing Director, LAVA International Limited said, “We are delighted to share that LAVA International Limited has registered more than 100% growth over last year, overachieving the targeted revenue of USD 1 billion. The credit for this stupendous success goes out to all stakeholders who have been a part of this journey including employees, customers, shareholders and commercial partners. The entire value chain is working with ownership to achieve one goal i.e. to become a global consumer brand from India. As we move forward, we will continue to provide innovative products & services to empower people to do more, be more.”

About Lava International Limited

LAVA International Ltd established in 2009, is amongst the top Indian companies in the mobile handset industry. The company strives to understand customers’ requirements deeply and has a complete in- house R&D center to convert those needs into products. Headquartered in New Delhi, India, the company has offices in Mumbai, Hyderabad, Kolkata, and abroad.

For media queries please contact: Nikunj Kewalramani/Neha Chandra [email protected] /[email protected] 09999457704/09818055857 Ananyaa Banerjee [email protected] 9818648821