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MyG sets a target of Rs 4000 crore turnover; to generate 5000 new jobs in 2024-25 fiscal year

In the previous fiscal year, MyG achieved a significant milestone by surpassing the Rs 2500 crore turnover mark.

by Neethu Mohan
May 1, 2024
in Exclusive
Reading Time: 2 mins read
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MyG sets a target of Rs 4000 crore turnover; to generate 5000 new job in 2024-25 fiscal year
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MyG, one of the leading names in premier Mobile Phone & Digital Electronic Gadgets Retailer in
South India has set ambitious goals for the fiscal year 2024-25. A.K. Shaji, the Chairman and Managing
Director of MyG, announced the company’s targets during a press conference held at Calicut, Kerala.

With a track record of consistently surpassing turnover expectations, MyG is now eyeing a remarkable turnover of Rs 4000 crores in the upcoming fiscal year. This ambitious target reflects the company’s commitment to growth and innovation in the industry.

In the previous fiscal year, MyG achieved a significant milestone by surpassing the Rs 2500 crore turnover mark. This achievement underscores the company’s strong performance and market presence.

To support its growth trajectory, MyG is not only focusing on increasing its turnover but also on creating job opportunities. The brand aims to generate 5000 new job opportunities in the upcoming fiscal year, contributing to employment growth in the region.

“As part of its expansion plans, MyG is set to open 30 new stores this fiscal year, expanding its retail footprint and reaching more customers across Kerala. This strategic expansion will further strengthen MyG position as a leading retailer in the region. The brand is also planning for a Pan- India and GEC expansion,” Shaji said.

He expressed confidence in ability to achieve its targets, citing the company’s strong brand reputation, quality products, and customer-centric approach as key drivers of success.

Founded in 2006, MyG has established itself as a trusted name in the electronics and home appliances market, offering a wide range of products under its brand, “G-Dot.” The company’s commitment to quality, affordability, and customer satisfaction has earned it a loyal customer base over the years.

“MyG’s success is also attributed to its focus on innovation and adaptation to changing market trends. By continuously evolving its product offerings and expanding its retail network, MyG remains at the forefront of the industry, catering to the diverse needs of consumers,” Shaji added.

With its sights set on achieving new milestones and delivering value to customers, MyG is poised for another year of growth and success in the competitive retail landscape.

Tags: A.K. ShajiDigital Electronic Gadgets RetailerGEC expansionmobile phoneMyGShajiSouth India

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