Lava Int'l expects Rs 1,000 cr biz by Mar

Mobile handset company Lava International today said it expects to end the fiscal with revenue of Rs 1,000 crore.

"We are expecting revenue of Rs 1,000 crore during this financial year. Lava will launch Android-based smartphones and 3G Tablet within a couple of months. Our focus will remain on enhancing our research and development capability," Lava International Co-founder and Director SN Rai told reporters here.

He said Lava is looking for expansion of business in Africa and looking at new geographies namely Peru and Chile.

Elaborating on the company's focus on research and development, Rai said that company has been successful in filing two patents and many more are in pipeline.

"We are soon going to expand our smartphone portfolio for which we will file large number of patents," he said.

Rai added that within two months, Lava will launch its 3G tablet. He indicated that Lava is more eager to launch 4G devices than building up its 3G portfolio.

The company today launched a robust feature phone A16 priced at Rs 4,500 in partnership with music TV channel MTV.

Chief Marketing officer of Lava Sunil Raina demonstrated the phone will remain safe even if dropped from five feet and the screen will remain unharmed even if someone with weight of up to 95 kg jumps on it.