Karbonn Mobiles Expects to go Public by 2016

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Karbonn Mobiles, India’s third-largest smartphone maker, expects to go public by 2016 as it bets on sales of Android devices made in partnership with Google Inc.

“Frankly I’ve been delaying it for the last couple of years because I wanted to know my valuation…and now my valuation has gone much higher in the last few years,” Chairman Sudhir Hasija told Reuters.

Karbonn Mobiles, which started in 2009, expects revenue to rise four-fold in two years from 45 billion Indian rupees ($743 million) for the year ended March 2014 as it expands into Europe and Africa, driven by sales of “Android One” phones. Original post at ET Telecom 

Wahengbam Rorrkychand

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