Outlook 2017 – Ajay Laddha, Co-Founder, YMS Mobitech Pvt Ltd.

  

According to Mr.Ajay Laddha, Co-Founder of YMS Mobitech Pvt.Ltd., due to Demonetization by the Indian Government will play a major role in the year 2017, for Online/ e-payments. It will be help all big and small businessmen and retailers get attracted to join this digitalization and e-based offline distribution. Demonetization being the defining move of 2016 for India -Its ­impact will be felt across business and service verticals. Following key trends are likely to emerge in 2017 in the tech distribution space:

-          Higher acceptance for e-distribution - There will be increased acceptability for e-payments at small and big retailers alike, leading to an increased number of retailers going digital with higher acceptance for e-based offline distribution

-          More Efficient Distribution  - This will be a surge in D2R business in India where manufacturers will directly bill to the retailers as per their need,  making the supply chain more efficient and at far lesser cost 

-          Grey Market will Crash - Demonetization will lead to increase in cash-less transactions and hit the grey market massively (which, in case of accessories, can be as high as 70%)

-       Accessories under GST Net - GST implementation will lead to further adherence of taxation, leading to growth in tax-paid accessories

-                   High-end Accessories market will boom - Increase in Smartphone penetration will lead to a major boom for high-end mobile accessories. We might be at tipping point in 2017 with multiple international brands making a beeline for India.

About YMS Mobitech

YMS Mobitech Pvt. Ltd. Is a tech-based distribution company that started operations in January 2015 with mobile services offerings Apps You Need. It operates India’s first and largest e-distribution platform, to sell and monitor products, with a promise of zero dead stock and zero loss of business opportunity. YMS Mobitech has a sales channel across 26 states, 383 cities with 361 distributors and 11,262 retailers. The company also has 2,019 in-shop sales consultants and has serviced 8,43,785 customers as of September 13, 2016. All retailers, distributors and sales team track their tasks & reports via the YMS mobile app and a web dashboard.