Ricoh India eyeing over Rs 330 cr turnover this fiscal

Office automation major Ricoh India today said it is eyeing a turnover of over Rs 330 crore this fiscal as it expands its product portfolio and services across the country.

Ricoh India is a subsidiary of Japanese firm Ricoh Company, which offers imaging solutions across the globe.

"Verticals like education present a huge growth option for us. We are focusing on strengthening our services and expanding our product line," Ricoh India Managing Director N Maitra told reporters here.

This should help the company clock a turnover of over Rs 330 crore in the ongoing fiscal (up to March 31, 2011), he added.

Ricoh India's total income for the year ended March 31, 2010, stood at Rs 256.97 crore.

The company today announced the launch of its new range of digital colour printers for enterprises.

Ricoh India also plans to set up experience zones in Delhi and Mumbai.

"Over the next few months, we will set up Live Experience Centres (LEX) in Mumbai and Delhi, which will entail an investment of Rs 5 crore," Maitra said.

Two more LEX centres would later be set up in Chennai and Bangalore as well, he added.

Shares of Ricoh India today closed at Rs 37.25 on the Bombay Stock Exchange, down 2.23 per cent from its previous close.