Epson India aims to be a $1-billion entity

Company garnered revenues of Rs 880 crore in the last financial year

Bengaluru-headquartered digital imaging solutions provider Epson India, a part of Japan’s over $10-billion Seiko Epson Corporation, is aiming at becoming a $1-billion enterprise by 2020, according to Ram Prasad RV, director (sales (west and south).

“Our fundamentals are very strong in the Indian market,” he said, adding the company was open to establishing its manufacturing presence in the domestic market in future.

Epson India, which was incorporated in 2000, garnered revenues of Rs 880 crore in the last fiscal. It is looking at closing the current fiscal with revenues of between Rs 1,000 crore and Rs 1,100 crore.

Inaugurating its first exclusive experience zone here on Wednesday, its 11th nationally, Prasad said the company was in the process of opening an experience zone each at Rajahmundry and Visakhapatnam in Andhra Pradesh, besides one in Secunderabad this fiscal.

“Epson will infuse an investment of between Rs 6 lakh and Rs 15 lakh in each of the proposed zones having a carpet area of between 300 sft and 400 sft,” he said.