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Wednesday, Dec 08, 2004

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Ricoh India hopes to reach top slot

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(From left) Mr M. Shiratori, Vice-President, Ricoh India; Mr S. Nagashima and Mr Norifumi Fukuda, officials from Ricoh's International Business Group (Japan), at a press conference in Chennai on Tuesday. — Bijoy Ghosh

Chennai , Dec. 7

AFTER the courts approve the merger of Gestetner with itself, Ricoh India hopes to be able to beat Xerox.

Currently, the Japanese office automation major is second only to Xerox in the Indian market, with a 20 per cent share of the market, against Xerox's 34 per cent. Ricoh India has given itself three years to reach the No.1 slot.

Post-merger, Ricoh Japan expects the revenues to double by 2007 from the existing Rs 150 crore. The merged entity would also aim at increasing its market share in India to 30 per cent over the next three years, from 22 per cent.

Ricoh India's officials were here in connection with the launch of the company's latest series of digital office equipment.

The series includes printers and scanners of higher (1,200 dpi) resolution and colour printers with anti-sunlay and waterproof features.

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