As long as they are limited to indian market then there will not be any exponential growth revenues, growth from increase in air traffic and lounge foot fall only drive the business.
Deals with the lounges in foreign countries only add some minimal contribution because these deals will allow indian card holders to utilize the lounge access in those countries, but what i am looking since listing is winning a single deal to offer lounge services to banks/card network providers of foreign countries in their homeland and abroad for their customers. This is not happening since listing, management keep on saying that this kind of deals will take time to close.
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