The Next 50#75 LG India

In FY14, the company posted a strong growth of 44% YoY with annual revenue of `1,050 crore against the previous year revenue of `730 crore. On the solutions front, the company is expecting major contribution of 60% from commercial displays (digital signage, video walls, interactive TVs) and the rest from projectors, and surveillance and video conferencing (VC) solutions. In surveillance, LG's focus will increase on IP-based products and cameras with built-in analytics. In projectors they will focus on LED and ultra-short-throw projectors. In the next fiscal, the company expects projectors and surveillance to each bring in 15% of the revenue, and VC 5%.

Further, the B2B division is looking for aggressive expansion of its current channel base of 250 partners. It intends to double this base and is looking for major tie-ups with IT partners. The company has Neoteric as its national distributor for its projectors, surveillance and commercial displays businesses. It plans to add five regional distributors (RDs) to its existing 10 RDs for projectors and three RDs to its existing four for surveillance.

LG is also trying to increase its presence in the tablet space.