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videos | IST

Viaan Industries eyeing Rs 350 crore revenues in FY19, says Raj Kundra

Viaan Industries  is looking at a revenue of Rs 350 crore in FY19, out of this gaming and licensing would be 30% each and the balance would be contributed from Viaan Mobiles and all other trading activities,said Raj Kundra, MD, Viaan Industries.
The margins for these businesses are around 13-14%, he added.
He said the board has decided on a 5% dividend payout.
The company is currently debt free and asset light, so the book looks good, he said. Free cash would be around Rs 2-3 crore but most of the money goes into investing in technology, marketing and other innovative ideas.