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Amway India, a wholly-owned subsidiary of the US-based Alticor, had recorded Rs 800 crore turnover in 2007 and expects it to go up to Rs 1,000 crore this year, company's Managing Director and Chief Executive Officer William Pinckney told reporters here.
In its first year of operation in 1998, the company's turnover was only Rs 91 crore.
Pinckney said Amway India plans to increase the number of branch offices to 300 in the next three years across the country from 120 now.
Amway India sells over 100 products in five categories of personal care, home care, nutrition and wellness and cosmetics.
Pinckney said that the company would bring in more products in the existing categories.
Nutrition and wellness contributes to around 50 per cent of the company's turnover, cosmetics 20 per cent and the rest from personal and home care divisions with equal contributions.
"I don't think that there will be significant change in contribution from these divisions as we clock a turnover of Rs 3,000 crore by 2013," Pinckney said.
Nutrition and wellness will be the main focus of the company, he added.
very growing company and best company 1st idsa company
I know amway products are very effictive.I have one dought, so many peoples are quiting this business who should u acheive this turnover. please give me reply
I am hearing Amway for the last 5 years in India, but it has taken a way towards downfall, then how can you promise of achieving 3000 cr. by next five years.=========================silversterGOOD PLACE TO GET ALL PRODUCT DETAILS...shop4free
hi , this amway business is not what you think. if someone understands the formulae time = money. then this is the best oppurtnity in this world. good things doule only half a times, but bad things double four times. don't ever miss this oppurtunity. c u on top of this world.
Is not Amway or Quickstar or Qicstar a pyramid scheme type of scam?
hi rahul, this amway business is not what you think. if someone understands the formulae time = money. then this is the best oppurtnity in this world. good things doule only half a times, but bad things double four times. don't ever miss this oppurtunity. c u on top of this world.
Hi Rahul, Amway is not a Pyramid or chain business, its Distribution business where we have to distribute the companies product through distributors Network.In other words its a Private Frenchise business where you can multiply your time and money. Tata, Birla, Ambanis are also doing the business on same concept, you can see retail chain shops like Big bazar, Reliance fresh, Spinach, More and croma etc.If you are intersted to know more about this wonderful opportunity on mother earth for dreamers, please call me on 09819429627 or mail me with you cell number and address on my email id bhupendrapandey2002@yahoo.com.regards,Bhupendra Pandey.
Is not Amway or Quickstar or Qicstar a pyramid scheme type of scam?
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