Ricoh India eyes Rs 1,000 cr turnover by FY14 end

Company clocked a turnover of Rs 633 crore at the end of FY 13

Imaging solutions provider Ricoh India today said it is aiming to achieve Rs 1,000 crore turnover by the end of this fiscal on the back of good growth in its products and services.

"We clocked a turnover of Rs 633 crore at the end of FY 13 and we are targeting Rs 1,000 crore by end of this fiscal end," Ricoh India CEO and Managing Director Tetsuya Takano said here today.

The company is also betting big on the IT services business and it already has a primary data centre in Kolkata and secondary centre in Delhi.

"We started the IT services business just a couple of years back and now it is contributing around 25% to our revenues," Ricoh India Senior Vice President and Chief Financial Office Manoj Kumar said.

With an eye to expand consumer segment offerings, the company is planning to launch digital cameras later this year.

Ricoh India, a subsidiary of Japan-based Ricoh Company ltd, today launched three new printers targetted at the SMB segment.

"We see a huge growth potential in this segment. We feel that this is the right time for us to invest in this segment and expand our presence by introducing state of art products like these," Kumar said.

Ricoh India has 26.4% public shareholding and the rest is held by the Japanese parent. It is a leading player in imaging equipment, IT services and communications systems.