Novasys Labs India aims Rs 150 crore turnover in 2 years

Wireless consumer electronics company Novasys Labs India today said it aims to garner a revenue of Rs 150 crore in next two years.
The company will start retailing its products by appointing distributors in Haryana and plans to expand its operations in northern states -- Punjab, UT Chandigarh, Himachal Pradesh, Uttarakhand and Uttar Pradesh.
"We are targeting a turnover of Rs 150 crore in next two years in India with the marketing of our products," said Novasys Labs India Director Shashank Rai.
"We have appointed distributors in Haryana for retailing our products. Now we will also move into the markets of Punjab, Chandigarh, Himachal Pradesh etc to expand our footprints as there is a huge potential for our products in these markets," he said, adding, "We have plans to come out with smart TV and a wi-fi camera."

At present, the company is selling its products through online mode.
Novasys Labs India, which commenced its operations last year and has a R&D centre at Noida, imports products from Taiwan.