M-tech mobile, which will introduce its mobile accessories headphone, earphone, Bluetooth speaker, power bank, USB cable and charger, is targeting revenue of Rs 100 crore in the next two years.
The company will accessories under Nexez brand.
As per a Research Nester report, the Indian mobile phone accessories market is anticipated to clock a CAGR of 10.5 percent till 2024 — reaching $3.54 billion in 2024 from $1.42 billion in 2016.
M-tech, M-tech, which has its manufacturing plant in Baddi, Himachal Pradesh, plans to leverage its existing network of 600 plus distribution centers, 20,000 retailers and 700 plus service centers to enhance sales and services its customers.
“Nexez with its elegant, Japanese design, product quality and affordable pricing has all the right ingredients to appeal to customers. Additionally, with our expertise in product design, manufacturing, marketing and distribution strength, we will transform Nexez into a leading mobile accessories brand,” Goutam Kumar Jain, co-founder of M-tech Informatics, said.