Crusaders Tech lines up Rs 100 cr to expand business

Air purifier company and distributor Crusaders Technologies India today committed Rs 100 crore for three years to expand its business in the country.
"The company plans to achieve 15 per cent market share by 2019. It plans to set up a manufacturing facility in Solan, Himachal Pradesh, so as to enhance its production capacity and meet increasing demand of its consumers," Crusaders Technologies Director (sales and marketing) Ankur Chawla said in a statement.
Currently, the company has 16 models in the market, with a price range of Rs 2,900 and Rs 75,000.
Chawla sees rising awareness among citizens and enhanced inclination towards a healthy lifestyle leading to a multi-fold increase in demand for air purifiers across the country.

The company is in the process of launching an array of products, including respiratory masks for joggers, bikers and patients suffering from respiratory problems, he said.
The firm is catering to a wide spectrum of clients, including government departments, hospitals, hotels and big corporate houses like SAIL and Jindal Steel.