Mumbai (Agencies): E-sales solutions provider Reasoning Global eApplications is expecting to double its revenue growth in the current fiscal at about USD 3 million, said a top company official.

"We are expecting more than 100 per cent topline growth this fiscal ending March, 30, reaching USD 3 million," said Reasoning Global eApplications vice-president (Marketing) Jeetendra Joshi.

For e-sales solutions, the firm uses its flagship product, MartJack, a ready-to-use platform with a comprehensive set of features that helps retailers in establishing and running their e-commerce business.

The company, which has above 3,000 e-stores in its clientele, is bullish on domestic expansion plans and expects to raise its market share from the present 10 per cent to 3 per cent by 2013.

India's overall e-commerce market size is about Rs 630 crore, which is expected to reach Rs 2,250 crore by 2012, according to Caris & Company report.

Its top clientele include Godrej, Geetanjali Jewellers, Next, Videocon, Base Camp, Mitashi and Ruby London.

Besides setting up e-stores for retailers, Reasoning Global also provides entrepreneurial option to people who want to set up their own web stores.

Keeping in line with its growth, the firm is planning to launch another solution called 'ipaynear' soon.

Ipaynear will provide cash collection centres across the country for the consumers who do not use credit or debit card for buying online products.

"We are planning to open 30,000 cash collection centres as an alternate to cash on delivery," informed Joshi.

The company, which has existence in the US and the UK, is planning to foray into the Gulf countries in FY 12 and eyes to capture 5 per cent market share in its first year of operations, he said.

It recently raised USD 2.5 million from different high net worth individuals to fund development plans, he said.

On entering the capital market, Joshi revealed, "May be in another 2-3 years, depending on the market situation and the company's growth."