Almasa targets $5 million revenues over next six months

Dubai-based IT distributor Almasa, which forayed into the Indian market in May by promoting Maxtor's range of products, is targeting revenues in the region of $5 million from July to December 2004 in India. Next year's target stands at an ambitious $50 million. 

Explaining the company's plans for India, its sales director Sridharan said that Almasa is in the process of signing up resellers. "We will get into exclusive relationships with select partners and especially focus on SIs and VARs for increased penetration," he says. 

While declining to comment on the amount to be invested in India, he says that the investment would be towards building up stocks and taking care of warehousing requirements and
ERP. 

He said that Maxtor is mulling over setting up a direct presence in India sometime soon. Almasa is the fourth Indian distributor for Maxtor after Cyberstar, Ingram Micro and
eSys. 

The Almasa group's turnover last year stood at $220 million from its worldwide operations. 

Almasa's Indian operations will be headquartered in New Delhi. The company will soon set up offices in major metros like Mumbai
and Bangalore. 

CyberMedia News 

Bangalore