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Jumbo poised to post turnover of Dh5b in ’14

Staff Report
Filed on February 19, 2015
Jumbo poised to post turnover of Dh5b in 14

Jumbo has grown to introduce profitable verticals to its corporate structure, including enterprise solutions, logistics, engineering and light manufacturing.

Dubai — Jumbo Electronics — an IT, telecom and consumer electronics retailer and distributor and the flagship company of the Jumbo Group — is set to report a record sales turnover of Dh5 billion for fiscal year 2014-15. This was supported by a 25 per cent sales growth in its nine month operations from April to December 2014 compared to the same period the previous year.Jumbo poised to post turnover of Dh5b in ’14

A member of the World Economic Forum as a Global Growth Company, the Group recently completed 40 years of operations in the Middle East and Asia.

Its founder, Manohar R Chhabria, established the first Jumbo Electronics retail outlet in 1974 in Dubai’s commercial district Bur Dubai. The company marked its first success by securing exclusive distribution rights of the global brand Sony in 1975, initiating its rise to becoming the largest Sony distributor in the world.

Jumbo has grown to introduce profitable verticals to its corporate structure, including enterprise solutions, logistics, engineering and light manufacturing.

Vidya Chhabria, chairperson, Jumbo Group, sad: “Jumbo Group’s growth story is the reflection of the vision and enterprise of my husband, who established what has today matured to become a multi-discipline conglomerate. His core values of entrepreneurship, integrity, innovation and efficiency continue to be emulated by our management and staff and we are proud to arrive at this milestone 40th year of operations with business on a steep incline.”

Vishesh Bhatia, CEO, Jumbo Group, said: “Jumbo has always preserved its integrity as an efficiently-run business, with a strong bias for customer-centricity, underpinned by robust corporate governance, learning and development, and effective internal processes. As we celebrate our 40th year anniversary, the drive to become bigger and better is stronger than ever.

“Our growth strategy envisages doubling net revenues by 2020. We recognise the high ambition of this goal, but under the guidance of Vidya Chhabria, with the dedication of our motivated teams and significantly, the continuing inspirational leadership of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, I see no reason why this dream cannot be realised.”

— business@kaleejtimes.com





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