Today : Tuesday - Sep 23, 2014, 01:50pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News

Amway India grew 19 percent in 2011

Friday - Mar 02, 2012, 03:37pm (GMT+5.5)
[+] Text [-]

Bhubaneswar -  The annual turnover of consumer and home products direct marketing company Amway India has grown by 19 percent in 2011, over the previous fiscal, its vice president (east) Diptarag Bhattacharjee said Friday.

Speaking at a press conference here, Bhattacharjee said the company -- a wholly-owned subsidiary of the US-based Amway Corp -- has posted a turnover of Rs.2,130 crore in 2011 against Rs.1,790 crore it registered in 2010.

Amway India has 135 offices and 55 city warehouses across the country, covering 4000 cities through its home-delivery network, he said.

"Almost 97 percent of the products sold by Amway India are now manufactured within the country through seven third-party contract manufacturers, although it does not have its own production facility in the country," he said.

According to Bhattacharjee, the company currently offers over 125 products in five categories of personal care, home care, nutrition and wellness, cosmetics and great value products.

Recently Amway has tripled production capacities at its leading vendor facility, at Baddi in Himachal Pradesh, by commissioning four new production lines at an investment of Rs.55 crore, he added.

Established in 1995, Amway India commenced commercial operations in the country in 1998, and has established a nationwide presence over the past years by providing income generating opportunities to 550,000 active independent Amway business owners, Bhattacharjee claimed.


Rating (Votes: )   

blog comments powered by Disqus

Related Articles:
» Kudankulam N-plant to reconnect to the grid Oct 26
» Rupee unchanged at 61.46
» Kerala Tourism takes Twitter route for campaign
» Onion prices to come down in next 10 days: Thomas
» Ratan Tata meets Sharma post FIPB nod for airline venture
» Mamata government selling onions at Rs.36 per kg
» Gold prices gaining by Rs 480 to Rs 32,410 per ten gram
» Mukesh Ambani remains richest Indian with assets of $18.9 billion
» Top 100 rich Indians' net worth rises to $250 billion
» Bharti Airtel board approves subsidiary merger
» Emirates expects to fly 70 mn passengers in 2020
» Japan's Olympus scales down India business projection
» Tewari pulls up Ludhiana officials over MGNREGA funds
» India-France trade can aid inclusive growth: Jaipal Reddy
» China to set up power equipment service centres in India
» Reduced arrival of onions behind price hike: Dikshit
» Shanta Kumar slams delay in export ban on onions
» Sri Lanka records strong tourist, remittance earnings
» Cochin airport investors set to reap profits
» Etihad Airways to double Colombo flights
» Jet Airways standalone losses jump eight-fold to Rs. 891 crore
» RBI receives $10.1 billion under forex swap window
» SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
» Mobile economy to add $400 billion to India GDP: GSMA
» Volvo launches next generation S60 and XC60

Other Articles:
Ratan Tata meets Munda, discusses development (2nd Mar, 2012)
Supreme Court dismisses petition in Vodafone case (2nd Mar, 2012)
India welcomes Pakistan’s effort to ease trade between two countries (2nd Mar, 2012)
Agartala airport to be air hub (2nd Mar, 2012)
Sensex creeps up but wobbly (2nd Mar, 2012)
Cash-strapped Spanish town authorises cannabis plantation (2nd Mar, 2012)
Brazil moves to contain rise of real (2nd Mar, 2012)
IMF advises caution on policy easing to India (2nd Mar, 2012)
US consumer spending, income up in January (2nd Mar, 2012)
US manufacturing sector slows pace in February (2nd Mar, 2012)
Ramdev's ayurvedic products to be available in market (2nd Mar, 2012)
Jet Airways offers Women’s Day discounts (2nd Mar, 2012)
Posco seeks lifting of curbs on project site entry (2nd Mar, 2012)
Etihad starts codeshare flights with Chinese carrier (2nd Mar, 2012)
UAE funding wind farm in Seychelles (2nd Mar, 2012)
EU probes Google over privacy (2nd Mar, 2012)
Britain's oldest n-power station closes (2nd Mar, 2012)
Company Law Board suggests mediation to Telenor, Unitech (2nd Mar, 2012)
For natural cleaning, call this firm (2nd Mar, 2012)
India to cut subsidies on non-urea fertilisers next fiscal (2nd Mar, 2012)
Yahoo! offers Malayalam content to internet users (2nd Mar, 2012)
Auto companies report healthy sales number for February (2nd Mar, 2012)
Government allows state-owned firms to buy back shares (2nd Mar, 2012)
Apple is now worth more than Poland (2nd Mar, 2012)
Nod to highway projects worth Rs.4,814 crore (2nd Mar, 2012)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use