Karbonn Mobiles have planned to invest around Rs 100 crore in the current fiscal, the company announced during its launch of new multimedia mobiles in the Indian market.

Karbonn Mobiles, is a joint venture of Delhi-based Jaina group and UTL

Jaina Group Managing Director Pradeep Jain said, "We will invest Rs 100 crore in the current fiscal for operations, functions and sales. We also plan to capture a market share of 7-10 per cent in India in the multimedia phone segment by expanding our portfolio of products."

The company is looking to grab about 7-10 per cent market share in the multimedia handset segment in India.

The company started its mobile phone operations six months ago, it has invested $5 million for product development and sales operations.

The company has launched its new range of multimedia handsets in the price range of Rs 2,000 to Rs 5,000.

“Going forward, we plan to launch 3-4 new handsets every quarter in various segments like multimedia, touch screens and dual SIMs,” Mr. Jain said.

The company said it is also targeting revenues worth Rs 1,000 crore by the end of March 2010.