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IFK Tech targets Rs 150 cr turnover in the next 3 yrs
New Delhi, Dec 21, 2008 (Asia Pulse Data Source via COMTEX) --
IKFtel, which recently introduced its Internet services, including voice over Internet protocol (VoIP), in the country, expects a revenue of Rs 100-150 crore in the next three years, a top official of the company said.
Besides, the firm, part of Rs 200 crore IKF Technologies Ltd, also plans to invest 3-4 million dollars (about Rs 18 crore) by 2009, to expand network within the country.
"There is huge potential in the VoIP market. With the telecom regulator TRAI planning to lift curb on the Internet telephony, the market will grow exponentially. We expect Rs 100-150 crore turnover in three years," IKF Technologies Ltd Director Pankaj Garg said.
There are about 32 lakh broadband connections in India, but few are currently using VoIP, he said, adding that "we are all geared up to capture the market with the right mix of products and services".
VoIP is a general term for a family of transmission technologies for delivery of voice communications over the Internet. Other terms frequently encountered and synonymous with VoIP are IP telephony and Internet telephony, as well as voice over broadband, broadband telephony, and broadband phone, when the network connectivity is available over broadband Internet access.
VoIP can be a benefit for reducing communication and infrastructure costs by routing phone calls over existing data networks and avoiding duplicate network systems. Currently, ISPs are allowed to offer VoIP for international calls only.
Calls made through VoIP are much cheaper than calls through traditional lines. IKF has launched its services at less than Re 1 per minute to 40 countries.
At present, international long distance voice call tariff through conventional PSTN/PLMN on an average hovers around Rs 5-7 per minute (according to TRAI).
IKF further complements the current TRAI stand to spread nationwide awareness programmes on the unrivalled benefits of VoIP to the Indian consumer.
The company is planning to spend about Rs 1 crore in advertising and marketing the services and products in the next 4-6 months.
IKFtel, part of the Rs 200-crore IKF Technologies Group, had been providing full-fledged Internet bandwidth and VoIP services to wholesale clients like international call centres.
Currently, IKFtel would focus on the wholesale and corporate customers.
"The corporate and wholesale sector is a huge segment for us. From the second year of operations, we will be focusing on the home and retail segment," he said.
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