Y-Axis to invest Rs 20 cr for expansion
Posted on September 22, 2012
Y-Axis, a Hyderabad-based overseas career consultant, is planning to invest Rs 20 crore to expand its operation across India over the next 12 months.
Launching its X! Travel Club, a multi-brand one-stop overseas travel consulting travel store, at Hyderabad, Sabina Xavier, co-founder and chief operating officer of Y-Axis, said, “We have lined up investments to set up eight such stores across the country over the next 12-18 months, and to increase our brand presence through aggressive advertising and marketing.
The projects will be funded through internal accruals, she told Business Standard.
X! Travel Club focuses on building strengths in providing new experiences like yachting, golf, cruise holidays, caravans, around the world across Singapore, Malyasia,Thailand, Dubai, Egypt, London, Istanbul, etc. “We are upbeat about the new travel club concept that is targeted at the Indian customised travel class,” she said.
“With an expected 50 million Indians opting to travel abroad by 2020 from the current level of 16 million, the travel club expects substantial customer footprints for its services,” said.
Currently, Y-Axis s operational across 20 company owned office in India with 500 trained travel experts. Currently, it gets travel related 20,000 enquiries per month.
September 21, 2012