You are here: Home » Companies » News
Business Standard

FreeCharge to take 5-10 years to turn profitable

FreeCharge claims to be the fastest growing in the segment over the past 12 months

Karan Choudhury  |  New Delhi 

Snapdeal-owned FreeCharge said on Thursday it would take the company between five and ten years to be profitable. Govind Rajan, chief executive officer at FreeCharge, the online facility to recharge any mobile phone or data card, said, "In the next four to five years, our objective is to grow. It is not that profitability is not an objective but we first want to grow. When the market is growing and is in a development stage, you have to be focused on that." On being asked the profitability horizon, he said, "I don't know. Maybe five, maybe 10 years before ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
American Express® is proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
RECOMMENDED FOR YOU

FreeCharge to take 5-10 years to turn profitable

FreeCharge claims to be the fastest growing in the segment over the past 12 months

FreeCharge claims to be the fastest growing in the segment over the past 12 months Snapdeal-owned FreeCharge said on Thursday it would take the company between five and ten years to be profitable. Govind Rajan, chief executive officer at FreeCharge, the online facility to recharge any mobile phone or data card, said, "In the next four to five years, our objective is to grow. It is not that profitability is not an objective but we first want to grow. When the market is growing and is in a development stage, you have to be focused on that." On being asked the profitability horizon, he said, "I don't know. Maybe five, maybe 10 years before ... image
Business Standard
177 22

FreeCharge to take 5-10 years to turn profitable

FreeCharge claims to be the fastest growing in the segment over the past 12 months

Snapdeal-owned FreeCharge said on Thursday it would take the company between five and ten years to be profitable. Govind Rajan, chief executive officer at FreeCharge, the online facility to recharge any mobile phone or data card, said, "In the next four to five years, our objective is to grow. It is not that profitability is not an objective but we first want to grow. When the market is growing and is in a development stage, you have to be focused on that." On being asked the profitability horizon, he said, "I don't know. Maybe five, maybe 10 years before ...

image
Business Standard
177 22