Matrix bullish on e-SIM business; says focus on medical device vertical to continue

New Delhi: International SIM seller Matrix Cellular is bullish on growth in business due to adoption of e-SIM overseas, and expects 30-40 per cent year-on-year jump as foreign travelling opens up. Matrix Cellular CEO Gaurav Khanna told that the company will continue building up the medical device business that it started to sustain business which was adversely impacted due to COVID-19 restrictions on overseas travels.

“Once the travel starts, in the first year, I am expecting Rs 70-80 crore turnover. After that, if there is no hindrance in travelling, growth can be at least 30-40 per cent every year going forward. As far as medical devices are concerned, it’s absolutely a new business,” Khanna said.