Mr Bakhtiar H. Wain, CEO & Founder Avanceon Limited (AVN), told this figure during a recently organized Pakistan Mid Cap Conference 2022 by Topline Securities where nine leading Mid Cap Companies participated in the event, providing them with a platform to showcase their companies to leading local and foreign fund managers.
AVN plans to achieve US$100mn revenue by the end of 2024. The revenue mix will be a combination of both, including order and revenue generation. US$40mn from UAE & North region, US$40mn from Qatar & Saudi region and US$20mn from Pakistan region.
The company has already expanded in the above geographies. The operating cost of the expand expansion would be low because most of the back offices are in Pakistan.