How are Lava Mobile`s shares making profit?

LAVA International Limited FAQs No Comments

There are many reasons behind it. Indian multinational company Lava Mobile has invested heavily in manufacturing, research, design and innovation. After being hit by Chinese companies, it is strengthening its products again. The company has expanded its business to 11+ countries such as Thailand, Indonesia, Bangladesh, Nepal, Mexico and Middle east. And in the past few years, it has increased revenue and profit. The company generates its income from the sale of its products and software services. The recent PLI scheme announced by the Government of India has also provided support for the company in the form of 4-6% subsidy.

Lava mobile is a leading Indian multinational company headquartered in Noida. The company was incorporated in 2009 by Sunil Bhalla, Shailendra Nath Rai and Vishal Sehgal. The company is involved in designing, manufacturing, marketing and serving mobile handset, latest smartphone, feature phones, tablets and other electronic accessories under its two brands Lava and Xolo. The company also offers software related services. It has 6 offices and 4 manufacturing and services facilities in the country.

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