Amway India targets Rs 3000 cr turnover
Agencies
Posted: Jul 06, 2008 at 1233 hrs IST
Updated: Jul 06, 2008 at 1233 hrs IST
Direct selling FMCG firm Amway India is eyeing close to four-fold topline growth in the next five years to Rs 3,000 crore by expanding reach, widening product basket and strengthening marketing activity.
Amway India, a wholly-owned subsidiary of the US-based Alticor, had recorded Rs 800 crore turnover in 2007 and expects it to go up to Rs 1,000 crore this year, company's Managing Director and Chief Executive Officer William Pinckney told reporters here.
In its first year of operation in 1998, the company's turnover was only Rs 91 crore.
Pinckney said Amway India plans to increase the number of branch offices to 300 in the next three years across the country from 120 now.
Amway India sells over 100 products in five categories of personal care, home care, nutrition and wellness and cosmetics.
Pinckney said that the company would bring in more products in the existing categories.
Nutrition and wellness contributes to around 50 per cent of the company's turnover, cosmetics 20 per cent and the rest from personal and home care divisions with equal contributions.
"I don't think that there will be significant change in contribution from these divisions as we clock a turnover of Rs 3,000 crore by 2013," Pinckney said.
Nutrition and wellness will be the main focus of the company, he added.
Comments
» 3000 buisness
Posted by jaffarali on 2008-09-16 21:49:49.659692+05:30
The best corporation.The best products.The best distributors.The best consumers.3000 crore buisnesstarget accieved within 2012 auguest.
» good company
Posted by irfan on 2008-09-03 00:00:32.186782+05:30
very growing company and best company 1st idsa company
» about turnover
Posted by sreekanth on 2008-08-25 13:47:53.74922+05:30
I know amway products are very effictive.I have one dought, so many peoples are quiting this business who should u acheive this turnover. please give me reply
» turn over
Posted by mallikarjun on 2008-09-15 00:49:41.944863+05:30
Dear Shrikanth,Be in the business to know how? let me know if interested.Maste
» about turn over
Posted by Dr Manoj Kumar on 2008-09-07 12:40:39.550177+05:30
Dear Sreekanth- usually we don't know WHAT WE DON'T KNOW. same for you also. You don't know how many intecllectuals joining each month. In last one year 1000 people are registered only in our organisation. this year 38% growth in new distributors nos. there is no better opportunity then this to earn money time security in part time. for more information you can contact camdrmanoj@yahoo.com.
» Downfall
Posted by Silverster Smith on 2008-07-30 12:28:08.898546+05:30
I am hearing Amway for the last 5 years in India, but it has taken a way towards downfall, then how can you promise of achieving 3000 cr. by next five years.=========================silversterGOOD PLACE TO GET ALL PRODUCT DETAILS...shop4free
» Amway is working for 50 years , u know only 5 years
Posted by aruna on 2008-08-02 08:00:52.33023+05:30
hi , this amway business is not what you think. if someone understands the formulae time = money. then this is the best oppurtnity in this world. good things doule only half a times, but bad things double four times. don't ever miss this oppurtunity. c u on top of this world.
» Amway India targets Rs 3000 cr turnover
Posted by Rahul on 2008-07-07 05:18:45.880065+05:30
Is not Amway or Quickstar or Qicstar a pyramid scheme type of scam?
» Amway not scam
Posted by aruna on 2008-08-02 07:57:29.282998+05:30
hi rahul, this amway business is not what you think. if someone understands the formulae time = money. then this is the best oppurtnity in this world. good things doule only half a times, but bad things double four times. don't ever miss this oppurtunity. c u on top of this world.
» Its not pyramid and chain. Its pure business based on Network distribution
Posted by Bhupendrapandey on 2008-07-09 13:26:54.521247+05:30
Hi Rahul, Amway is not a Pyramid or chain business, its Distribution business where we have to distribute the companies product through distributors Network.In other words its a Private Frenchise business where you can multiply your time and money. Tata, Birla, Ambanis are also doing the business on same concept, you can see retail chain shops like Big bazar, Reliance fresh, Spinach, More and croma etc.If you are intersted to know more about this wonderful opportunity on mother earth for dreamers, please call me on 09819429627 or mail me with you cell number and address on my email id bhupendrapandey2002@yahoo.com.regards,Bhupendra Pandey.
» Amway India targets Rs 3000 cr turnover
Posted by Rahul on 2008-07-07 05:18:41.369879+05:30
Is not Amway or Quickstar or Qicstar a pyramid scheme type of scam?
» How to start this business
Posted by Maru Ramesh on 2008-08-30 15:08:14.615779+05:30
Dear Sir,I have already registered this company for this month and my target is only earn money so kindly give the hints how to start this business and how to earn money in this business. Your kind reply I am awaiting
» how to start business
Posted by Dr Manoj Kumar on 2008-09-07 12:34:24.222134+05:30
your sponsor will help you and guide you to build big buiness turnover and to earn lots of money, time and security
