Indo Count Industries Ltd., which produces and exports mattress linen to greater than 50 international locations, has launched into a technique to double its revenue in three to 4 years, a prime government stated.
“In FY23, we reported revenues of ₹3,000 crore on 50% capacity utilisation,” Okay.Okay. Lalpuria, Executive Director & CEO, Indo Count Industries Ltd., stated in an interview. “We can now almost double our revenue from ₹3,000 crore to ₹6,000 crore in three to four years,” he added.
“We have indicated that we will be making most of our capacity utilisation in the next three to four years and that’s the reason we have given guidance that we will double our revenues in next three, four years,” he added.
Stating that exports had been rising 12 months on 12 months, he stated the assorted Free Trade Agreements (FTAs) that the federal government was signing with numerous international locations would assist increase exports.
He stated the corporate began with 36 million metre capability each year and immediately it has a capability of 153 million metres. This 12 months the corporate initiatives to develop at about 15% to 20% in order to have capability utilisation of 60%.
He stated the China Plus One technique would assist Indian firms to seize extra market share in the worldwide markets.
“FTA will be a cherry on the cake. We have been very successful in Australia, UAE post the FTAs. We are looking to grow our business in Japan, Korea, South Africa, Latin America, Mexico, Canada and even Russia,” he stated.
The firm generates practically 98% of its revenues from exports, he added.
