Micromax plans to net revenues of Rs 25 billion this fiscal. The handset maker, which currently exports handsets to Nepal, Sri Lanka, Bangladesh and the Middle East countries, will foray into Brazil shortly.
From October onwards, Micromax expects exports to account for sales of 0.1 million handhelds, of the total 1.2 million handsets the company sells every month.
The company has also filed the draft prospectus with the Securities and Exchange Board of India for raising funds to set up a new manufacturing plant and other brand building initiatives.