SAMIL targets 30-50% growth in FY 2014-15

With huge demand generating in the pre-owned segment of vehicles and equipment, SAMIL aims for 30-50% growth in FY 2014-15. The company plans to touch a figure of Rs.100Cr for its service charges which is 3-5% on average ticket size of Rs 1.75-2 lakh.

After recording 50,000 transactions in the last fiscal, SAMIL has already gone beyond a number of 1 lakh in transactions for the current fiscal. On a monthly basis, the company conducts 10,000 transactions on its physical bidding platform and about 2,000 transactions in its online space.   

SAMIL’s Automalls across India, witness a footfall of 500-1,000 people every day while the invitation is sent to around 20 lakh customers in a month through advertisements in SMS, newspapers, tele-calls and other mediums.

Around 50% of the company’s revenue is generated from South India and the remaining part of Indian operations makes contribution in equal proportion with reference to its fee income.