Yearend story - Outlook for 2017 - Retail Industry
Outlook 2017 Ajay Laddha, Co-Founder, YMS Mobitech Pvt Ltd
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:
YMS
- 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.
Ajay Laddha, Co-Founder, YMS Mobitech
Ajay Laddha is a serial entrepreneur with over 20 years of experience in Telecom Retail, Distribution service Industry. He is also an angel investor supporting tech startups in in the Education, Health and Automobile industry.
Mr. Laddha started his career with AM Mobile in 1995 for sales distribution of mobile phone connections of Command, which later become Vodafone. In 2003, he started a retail store chain for Nokia-branded retail and Nokia Service Centers. At one time it was the largest retail chain for Nokia in India with operations in east and west India.
In April 2015 Mr. Laddha started YMS Mobitech with a team of Young IITians to create an app-based ecosystem for mobile phone retailers. Their first product AUN (AppsYouNeed) is offline selling of apps and other services in India at the mobile phone retailer stores. Currently, the platform is used for distribution of Services, Accessories and Handsets. Mr. Laddha has done his graduation from University of Pune in Electronics & Communication (BE).