The Hindu Business Line : VLCC targets Rs 1,000-cr turnover by 2010

Pune April 25 VLCC Health Care Ltd is targeting a turnover of Rs 1,000 crore by 2010 from its domestic and international healthcare and personal care products business, and expects to come out with its initial public offering (IPO) during the 2009-10 fiscal.

Expansion plan

Mr Yogesh Sethi, Chief Operating Officer, and head of the domestic healthcare business, said that the company had chalked out an aggressive expansion plan that involved setting up a total of 300 health care centres and 100 training institutes over the next two years. The numbers as of now are 100 and 10 respectively.

Tier-II, III towns

"We are looking at tier-II and tier-III towns to put up fitness centres as well as training institutes," Mr Sethi said, adding that company-owned as well as franchisee route would be adopted. With the western and northern regions being the traditional strongholds for its business, VLCC will focus on the southern region in the coming months, and also add centres in Siliguri, and some towns in Assam, Mr Sethi said.

The company has three arms (domestic health care, international business and personal care products) and currently gets 70 per cent of its revenue from the domestic health care business. Mr Sethi said that with the number of VLCC centres in West Asia poised to grow to 28 from the existing five, the ratios would be realigned and all three units would generate equal revenues in the coming years.

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