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R S Components focuses on e-trading to expand in India

R S Components focuses on e-trading to expand in India
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First Published: Sun, Aug 17 2008. 01 52 PM IST
Updated: Sun, Aug 17 2008. 01 52 PM IST
By PTI
New Delhi: Global industrial component and electronic products distributor R S Components and Control is seeking to expand its e-trading platform to increase turnover from India over three-fold by 2010-11.
The UK-headquartered firm is targeting the small volume supply segment customers in the research and development sector and small batch manufacturing market as part of its strategy to increase turnover to Rs100 crore by 2010-11, from the existing Rs30 crore.
“Last year we had a turnover of Rs30 crore and we are looking at a figure of Rs100 crore by 2010-11. We hope by the end of that period 25% of our sales and turnover would come from our e-trading platform,” R S Components and Control India Chief Executive Officer Shiv Bhambri told PTI.
He said the company introduced 50,000 new products in the last few months in diverse ranges including process control and automation, electrical consumables, electronic components, information technology, health and safety, mechanical products, office equipment and semiconductors.
“We have a two-lakh strong product range sourced from 1,200 leading brands across the world. Our customer range has crossed 50,000 in the country and we are seeking to increase it further to achieve the Rs 100-crore turnover in three years,” Bhambri said.
The company is introducing an online payment system in the next two months and plans to complete its cycle of e-trade business. They have presence in 26 countries and distribution channels in 38 nations across the world.
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First Published: Sun, Aug 17 2008. 01 52 PM IST