Syska eyes up to Rs 5,000 cr turnover in 4-5 years

Home grown Syska group, which has diversified itself into segments ranging from LED-based lighting solutions to personal care products, is aiming to become a Rs 4,000 crore-Rs 5,000 crore company in the next 4 to 5 years, said a top company official.

Besides, the company has also plans to go for listing on stock exchanges in next 2-3 years, said Syska Group Director Rajesh Uttamchandani.

"We are now coming in segments like house wire, cables, MCB switches and very soon introduce small appliances," Uttamchandani told PTI.

For FY 2017-18, Syska is expected to have a turnover of Rs 900 crore. Last fiscal it was Rs 635 crore, he added.

On being asked the turnover target of the group over next 4-5 years, Uttamchandani said " between Rs 4,000 crore and Rs 5,000 crore."
He further added that this would be primarily led by "cable and wire business, which is high value business, where we are expecting a good growth. In the LED light segment we are growing double every year"