Fastrack Communications, the makers of Lemon Mobiles, has said that it is aiming to double its turnover this financial year.

The company recorded a turnover of Rs. 200 crore during the previous year and it is targeting to achieve a turnover of Rs. 500 crore this financial year. The company will aim at selling five lakh devices a month by September-October and about 20 per cent of that are expected to be smartphones.

Fastrack Communications Co-Founder and Director Sandeep Mushran said, "We clocked a turnover of Rs. 200 crore last year and we are targeting a turnover of R. s 500 crore by the end of this fiscal."

Lemon Mobiles is just five years old and it has already recorded a turnover of Rs. 200 crores with the help of a host of offering including affordable smartphones basic phones as well as mobile accessories and memory cards amongst others. The company competed with the likes of Micromax, Celkon, iBall, Intex and many others in the affordable handset market in the country.

Fastrack Communications might also launc its devise in the international markets soon.