Direct selling FMCG company Amway India Enterprises is targetting a turnover of Rs 2500 crore by 2012, a company official said today.
"We are aiming 25 per cent growth to clock Rs 2500 crore by 2012", William S Pinckney, MD and CEO of Amway India, said.
He added, the company had clocked a revenue of Rs 1407 crore in 2009, which was 22 per cent higher than its 2008 revenue.
Pinckney said the company that owns a factory at Baddi in Himachal Pradesh, was considering setting up a new production facility to accomodate expanding business.
"We are evaluating various options on where to locate it and a decision will be taken by December," he said.
The company has recently also invested Rs 55 crore in its Baddi factory to add new capacity.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app