Navneet to enter corporate stationery business

Moving up on the stationary products chain, Ahmedabad-based Navneet Publication (India) Limited, a leading manufacturer of syllabus and non-syllabus based education materials is planning to launch some more variant in paper stationery. The products will be of a premium range corporate category.

The company plans to launch the same under the 'EXCL' brand name. Kalpesh Gala, vice president (Stationery division) of Navneet Publication said, "There will be some more variants in premium paper stationery category including one for corporates. We cover full range in paper stationery, apart from extended products in the non-paper stationery category."

Navneet claims to be the first to introduce eco-friendly paper in stationery. "We already have premium category under Navneet brand and economy category under BOSS brand. In the non-paper stationery our company sells products under FUN brand, which covers pencils, erasers, sharpeners, colours – crayons and the recently launched of geometry box and mathematics drawing set," he added.

Recently the company also launched e-Book. The product is based on multi media software focusing on class room teaching focusing on Marathi and English medium syllabus to begin with.

Navneet is the market leader with its national presence and largest distribution network through 600 distributor serving 60,000 retail outlets reaching almost every corner in India.

For the year ended March 2008 turnover of company rose by 22.55 percent to Rs 400.23 crore and net profit rose by 26 percent to Rs 53.77 crore. The company is confident to achieve more than Rs 500 crore turnover in the year ended March 2009, said Gala.