Indroyal eyes Rs 300 crore turnover by 2010

Leading furniture manufacturer Indroyal, which is rapidly expanding its presence in Kerala, has set a sales turnover target of Rs 300 crore by 2010.

According to Indroyal chief financial officer Sethumadhavan, "the company, which currently has a sales turnover of around Rs 30 crore, is looking at a major growth in the years to come and has set its sights on the Rs 300-crore figure to be achieved by 2010".

As part of its efforts to enhance its presence in the Kerala market, the company opened its 14th outlet at Karamana in Thiruvananthapuram. This is its second in the state capital.

Talking to mediapersons prior to the launch of the showroom, Indroyal directors N Madhusoodanan, J Vijayan, Sethumadhavan and vice-president Sunil Kumar Narendran said that the opening of the new showroom is part of its expansion plans all over south India.

The next showroom is likely to come up at Alappuzha soon.

This apart, Indroyal is looking at operating an additional shift at its existing facility at the Kinfra park here. The addition, which is estimated to cost around Rs 5 crore, is likely to happen by January next.

The company, which currently employs around 1,000 people, is eyeing the possibility of adding more skilled staff to take the number to 2,500.