nexG Devices
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
nexG Devices - overview
Location
Gurgaon, Haryana, India
Primary Industry
Logistics & Distribution
About
nexG Devices is a distribution firm in India, specializing in innovative mobility and IT products, enhancing connectivity through its extensive range of mobile devices and telecom accessories. nexG Devices focuses on the distribution of technological products in the mobility and IT sectors. The company has not reported any significant pivots in its business strategy since its inception. It is headquartered in Gurgaon, India, where it operates as an independent entity.
The firm was founded by industry professionals with experience in technology distribution, although specific details about the founder's previous companies are not available. nexG Devices is a leading distribution company in India, specializing in the pan-India distribution of innovative products in the mobility and IT sectors. The company's core product offerings encompass mobile devices and telecom accessories, targeting a diverse client base that includes large retail chains and various market segments across Modern Trade, General Trade, and online channels. These products are designed to enhance communication and connectivity, addressing the needs of end-users ranging from individual consumers to corporate clients seeking advanced technological solutions.
nexG's extensive distribution network spans multiple geographical markets across India, facilitating the seamless delivery of cutting-edge technology to a wide array of customers. nexG Devices generates revenue primarily through its distribution partnerships with leading retailers and e-commerce platforms, positioning itself as a B2B distributor. The company engages in transactions with large retail clients, establishing agreements that outline pricing structures for bulk purchases of mobile devices and telecom accessories. These agreements enable retailers to offer competitive pricing to consumers while ensuring that nexG maintains a steady revenue stream through wholesale arrangements.
The company also collaborates with various brand associates, enhancing its market presence and leading to increased sales volumes through strategic partnerships. While specific pricing plans for individual products are not disclosed, the company’s focus on offering the latest technology solutions at competitive prices underlines its revenue model. nexG Devices is focusing on the development of new mobile devices and telecom accessories slated for launch in the upcoming quarters. The company plans to expand its reach into additional regions within India, targeting Tier 2 and Tier 3 cities by the end of 2024.
Recent funding has been allocated towards enhancing its logistics capabilities and marketing efforts to support these expansion initiatives.
Primary Industry
Logistics & Distribution
Sub Industries
Electronic Components & Semiconductor Wholesalers
Website
www.nexgdevices.com
Verticals
IoT (Internet of Things)
Total Amount Raised
Subscriber access only
nexG Devices - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 362,452,082 | 34,984,493 | 1,174,752,031 | 6,123,193,553.9 | 14,199,729,219.2 | 9,778,615,096 | 11,079,414,500 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | (90.3%) | 3257.9% | 421.2% | 131.9% | (31.1%) | 13.3% | - | - | - |
| EBITDA (USD) | - | - | - | (5,841,015) | (6,004,782) | 25,122,428.2 | 26,727,824.7 | 37,995,299.8 | 129,940,831.4 | 116,666,170 | - | - | - |
| Operating Income (USD) | - | - | - | (6,646,939) | (6,189,144) | 24,805,408.9 | 23,467,622.7 | 34,119,734.8 | 123,584,098 | 107,674,690 | - | - | - |
| Operating Margin | - | - | - | (1.8%) | (17.7%) | 2.1% | 0.4% | 0.2% | 1.3% | 1.0% | - | - | - |
| % EBITDA Margin | - | - | - | (1.6%) | (17.2%) | 2.1% | 0.4% | 0.3% | 1.3% | 1.1% | - | - | - |
| NET Income (USD) | (45,994,390) | - | (43,480,191) | (7,598,805) | (7,510,578) | 6,376,872.3 | 16,617,274.4 | 69,885,396.4 | 88,290,235.9 | 45,186,712 | - | - | - |
| % Net Margin | - | - | - | (2.1%) | (21.5%) | 0.5% | 0.3% | 0.5% | 0.9% | 0.4% | - | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.