Smart Parts Exports announces financial performance and roadmap for fiscal year 2020-2021


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India’s leading exporter of auto parts for passenger vehicles and light and heavy-duty commercial vehicles, Smart Parts Exports, reported that the company had achieved 400% year-on-year revenue growth over the past year. the 2020-2021 financial year, an absolute record. high for the company.

The family business is run by brother-sister duo Mayank Jain and Saloni Jain, under the management of their father, Manoj Kumar Jain. After completing their academic endeavors in international trade and business management, the siblings established their export business, Smart Parts Exports, in 2019. They decided to present the company at various exhibitions around the world, including countries like the United Arab Emirates, South Africa, China, and Turkey, opening new avenues and converting global opportunities for smart parts exports.

The company has ties to major auto parts manufacturers in Germany, Korea, China and India as the official and preferred exporter of auto parts to the world. Smart Parts Exports’ product line includes the full line of automotive products and components. In the past two years, the company has exported auto spare parts to more than 45 countries.

Despite the pandemic and its impact on international trade in 2020, the company has managed not only to maintain its profitability, but also to show a strong growth trajectory. The company has faced many challenges including the impact on operations and logistics and uncertainty in business, especially in the early months of fiscal year 2020-2021 due to lockdowns and restrictions in the whole world. However, supported by a committed team, Smart Parts Exports maintained business continuity without impacting customer deliveries.

The increased use of private vehicles for social distancing amid the pandemic has led to the demand for auto parts, as well as the need for a more economical aftermarket for parts globally. This development has resulted in said growth in activity for smart parts exports.

Commenting on the performance, Mayank Jain, Managing Director and CEO of Smart Parts Exports, said, “The past fiscal year has brought its own challenges and opportunities for us. We are happy to have weathered the crisis successfully and to come out with flying colors. This year also looks very promising for us, within the framework of the automotive industry, with factors such as the increase in components per vehicle, associated with a low base effect and higher achievements, working in our favor. . Smart Parts Exports has big plans in the pipelines, including more shutdowns for exports that could further facilitate exponential business growth. “

Saloni Jain, co-founder and CHRO of the company, added, “At Smart Parts Exports, we will expand our global footprint with offices in UAE, Japan, South Korea and China and will eventually launch into the warehouse sector. We plan to add more than 300 people to our team in fiscal year 2021-2022 to meet our growing business needs. “

Smart parts exports is headquartered in New Delhi, India.

Media contact
Company Name: Smart parts exports
Contact person: Saloni Jain
E-mail: Send an email
Country: United States
Website: https://www.smartpartsexports.com/

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