MLM Company Amway Aims To Double Sales In India
MLM company Amway India, the largest direct-selling company in the country, has set its eyes on becoming a Rs 1,500 crore company in the next 3-4 years. The direct selling company clocked revenues of Rs 633 crore in fiscal year '04-05 and has projected sales of over Rs 700 crore this fiscal.
“India is currently Amway Corp's seventh ranked market in the world. We see a lot of potential here as the groundwork in terms of infrastructure, manufacturing facilities and distributor base has been done,” said William S Pinckney, MD and CEO, Amway India. The company, a wholly-owned subsidiary of the $6.2 bn Amway Corp, is currently selling 75 products in four categories - nutrition and wellness, beauty, personal care and home care - in India. It covers 2,000 locations in the country with over 4.5 lakh active Amway business owners.
“India is currently Amway Corp's seventh ranked market in the world. We see a lot of potential here as the groundwork in terms of infrastructure, manufacturing facilities and distributor base has been done,” said William S Pinckney, MD and CEO, Amway India. The company, a wholly-owned subsidiary of the $6.2 bn Amway Corp, is currently selling 75 products in four categories - nutrition and wellness, beauty, personal care and home care - in India. It covers 2,000 locations in the country with over 4.5 lakh active Amway business owners.
posted by the MLM News Desk at
2:08 AM
