Samsung hits record $10 bn revenue milestone 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.

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