Since its inception in 2013, EBTL has grown more than 10 times and has seen exponential growth in revenue terms
EBTL, a leading company in home automation, said that it is expecting a five-fold growth in its revenues in this financial year. The company expects its revenues to increase to more than Rs 100 crore in financial year 2019-20 from Rs 20 crore in the financial year 2018-19 as it has expanded its business in five countries in the past one year.
This strategic growth in global market has scalable potential, which was significant for the anticipated growth of EBTL in the longer term, the company said in a statement.
Since its inception in 2013, EBTL has grown more than 10 times and has seen exponential growth in revenue terms.
Increasing demand for automation products
Briefing about the EBTL’s expansion, Monish Salhotra, Founder and CEO of EBTL said, “The market for automation products has been rapidly evolving and the demand for automation products has increased across India and in other countries. We have strengthened our business and product portfolio over the last few years.”
On the growing base of company’s customers, he stated, “We have been dedicated to understanding the needs of our consumers through in-depth research and analysis to bring innovative and stylish products that meet their lifestyle needs. We are hopeful that this expansion will open newer horizons and we will achieve many more milestones.”
The company’s Amour automation solutions are developed in India and are manufactured worldwide. The company’s products have been used in thousands of residences, hotels and offices across the country as well as abroad.