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NextG Apex expands operations, aims to reach Rs 500 cr in next five years
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Saturday, 25 February, 2023, 12 : 00 PM [IST]
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Our Bureau, New Delhi
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Leading 360-degree retail sales & execution company NextG Apex is on track to achieve its Rs 500 crore milestone in the next five years. The company has plans to expand its business operations further across several verticals – mainly FMCG, health & beauty, and F&B – over the next 2-3 years. For the fruition of these plans, they will also raise their headcount and office count vigorously across India. These expansion plans are in line with their steady growth trajectory.
Amarnath Halember, executive director & CEO of NextG Apex India Pvt Ltd, said, "At NextG Apex, we are prepared to drive our business objectives rapidly in 2023 to achieve our Rs 500 crore milestone in the next five years. From the first to the second year of our inception, we saw a 3X rise from Rs 4-5 crore to Rs 20 crore. We anticipate a 2X rise this year because technology implementation is in the works. However, starting in 2024, there will be a 5X increase. He added."This puts us at par with the fastest-growing organisations in an industry that unending market challenges have assailed. First, it was the pandemic, followed by the resulting market slowdown, the highest inflation rate, volatile market conditions, etc. the list is endless. Even in the face of all these storms, NextG Apex has managed to sustain its ambitious progress steadfastly, and we believe we will be able to accomplish our 5-year goal,"
The management is happy at the expansion speed and direction of the company operations and overjoyed that they will be able to absorb more talent from the job pool and grow the office count. Currently, they have four regional offices in Mumbai, Hyderabad, Noida, and Bangalore, and they plan to inaugurate eight new field offices in Tier 2 and 3 cities by 2024.
While at present, their recruiting focus is concentrated in major cities that contribute over 80% of the business, soon it will shift to include the said Tier 2 and 3 cities. So, approximately 40-50% of all new hires will be from these towns. According to Halember, NextG Apex also plans to add 300 employees in 2-3 months, and they will raise it to 1,760 by this year's end, 3,288 by 2024, and will reach 5,361 by 2025. And all this will be in alignment with the robust expansion trajectory.
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