LAPCARE records 40% growth in 2013

Laptop peripherals and accessories developers LAPCARE has recorded an impressive 40% YoY growth in 2013.

The company now plans to sign up new channel partners to further enhance its growth story in India. Also, it has plans of expanding its distribution network across Tier-2 and Tier-3 cities to address.

Shedding more light about the expansion plans, Sandeep Popli, COO, LAPCARE India said, "We achieved a remarkable sales growth in the year 2013 by 40% which broke all previous highs. In a very short span of time, LAPCARE products are well accepted by Indian consumers. We are planning to take that to next level and be at the helm of laptop peripherals and accessories brand in India. Expanding in Tier 1 and Tier II cities will help us in addressing local demand with closer focus in each geography, and it will ensure we remain on top of the situation in our quest of providing innovative products and solutions."

LAPCARE is currently in process of identifying the right partners in Tier-2 and Tier-3cities like Ahmadabad, Chennai, North East, Hyderabad, Jabalpur, Rajkot and Surat with a sedate start of its India operations.

In the year 2013, North region was the largest contributor to the LAPCARE business in terms of revenue and RD base, providing more than 40% share of its total business in India. It was followed by East region at 25%, South region at 20% and West at 15%.