Modi Group's Indofil eyes higher share of global biz this financial year

Company claims to have export presence in more than 120 countries, expects further growth via brownfield and Greenfield expansions and acquisitions

Indofil Industries, a part of Bina Modi-led Modi Enterprises will be eyeing a larger share of international business in its portfolio.

A company statement said, “The domestic business contributed 41 per cent of the revenue (in financial year 2019-2020). Going forward, we expect 46 per cent revenue contribution from the international business. Indofil has an export presence in over 120 countries. We are expecting further growth by brownfield and greenfield expansions and acquisitions.”

Indofil Industries has reported a consolidated profit before tax at Rs 300 crore for financial year 2020-2021. A company official said the firm's total debt stood at about Rs