Cerebra eyes Rs 1,000-cr turnover by 2020

Cerebra Integrated Technologies today said it is looking at a revenue target of Rs 1,000 crore by 2020 from its electronics and e-waste businesses.
"Cerebra is targeting to achieve Rs 1,000 crore of business by year 2020 and has put in a proper team and planning to achieve this target. It is a very conservative target considering the enormous potential of its businesses like e-waste and the manufacture of storage and servers," Cerebra said in a statement.
It has assembly lines at Peenya Industrial Area in Bengaluru where it makes laptop, desktop computers, servers and networking products.
"The company is also expanding its manufacturing lines to ensure a healthy contribution from the EMS (electronic manufacturing services) division. This initiative will ensure a healthy bottom line," it said.

In November, Cerebra had signed a pact with a US-based company Echostreams for manufacturing Cerebra branded storage servers for India and MENA (the Middle East and North America) region.
Cerebra has already set a target to achieve Rs 100 crore revenue from its e-waste business.
Cerebra shares today closed 16.85 per cent down at Rs 18.5 apiece on BSE.