Samsung becomes first smartphone brand to achieve $10 billion revenue in India

Samsung India has become the first smartphone and consumer electronics company to achieve $10 billion in revenues in the country, according to the latest regulatory filings made to Registrar of Companies (RoC). The milestone comes at a time when Samsung is heading into its 25th year 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 per cent jump in revenue in FY19, doubling its growth rate of 10 per cent 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.

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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.