Funskool

Toy manufacturer Funskool India Ltd has drawn up plans to achieve a revenue target of USD 40-45 million during the current financial year, capitalising on shifting global trade dynamics and the growing preference for Indian manufacturing, the company said. The company registered a 20 per cent year-on-year growth in FY202425 revenue. "We are moving in the right direction. With an impressive growth trajectory, Funskool continues to play a vital role in advancing the Make in India' initiative. We are focused on deepening our partnerships with global toy brands and further positioning ourselves as a quality toy manufacturer in the international supply chain, company CEO K A Shabir said in a press release on Friday. Funskool contributes close to 20 per cent of India's total toy exports, with shipments to the United States accounting for around 40 per cent. Last year, the company doubled its production capacity. In line with its aggressive growth plans, further capacity additions are ...

Toy manufacturer Funskool India, part of tyre major MRF Group, has taken up expansion at its manufacturing facilities in Tamil Nadu to make India a global hub for toy manufacturing. The expansion work at its premises in Ranipet, would effectively double the manufacturing capacities. The upgraded facilities in both Unit 1 and 2 of the manufacturing facilities represent a substantial investment in Funskool's production capabilities, a company statement here said on Wednesday. "Funskool India has experienced remarkable growth over the years. With this expansion, we solidify our position as a leader in India's toy industry and move closer to our goal of transforming India into a global hub for toy manufacturing" Funskool India Ltd Chairman Arun Mammen said after inaugurating the upgraded facilities. Besides the two units at Ranipet, Funskool India has 1.62 lakh sq ft of manufacturing space at its first plant in Goa. "Our commitment to the Make in India initiative is stronger than ever

What to keep in mind when you ask your children to pick what they want to play with

Toy manufacturer Funskool India on Thursday said it has acquired the licence to manufacture and distribute cartoon character Chhota Bheem and seven other action figures

The MRF-owned toy company is targeting millennial parents with new international brands and a fresh retail and marketing thrust

The toy major adopts a differentiated retail strategy for metros and small towns, pitches itself as a lifestyle choice and an antidote to digital addiction

Funskool, a toy manufacturing company and part of MRF LKd, is looking at expanding its presence to the Latin American and the erstwhile USSR market to increase its exports. The company, which is expected to clock in a revenue of Rs 220 crore this year, is also looking at acquisitions in the international market with the help of KPMG. At present, around 20 per cent of its business is from exports and going forward, it is looking at a 50 per cent growth in exports during a year. It is currently exporting toys to Europe, UK, US and Australia. "We are looking at entering into Latin American countries and many of the erstwhile USSR countries. In USSR region we have already started our work by appointing a distributor and will start exports soon," said K John Baby, chief executive officer, Funskool (India) Ltd. Indonesia, Vietnam, Thailand and many of the African countries are less penetrated, but the market is not big. Thailand is estimated as one of the largest market, but it is close to .