Symphony eyes 50% revenue from exports

PTI | | Updated on: Nov 24, 2017

The world’s largest air-cooler maker Symphony is eyeing to garner as much as 50 per cent of its revenue from exports over the next five years as it looks at entering new overseas market, a top executive has said.

“Of the consolidated revenue, about 70 per cent comes from domestic sales now and rest 30 per cent from international business. But over the time it may grow higher.

“The mix may change to 50:50 in the next five years,” Symphony Chairman and MD Achal Bakeri told PTI in an interaction here.

The Ahmedabad-based firm produces air-coolers for residential, industrial and commercials segment, with as much as two-thirds of the volumes coming from the residential business.

The company exports to 60 countries, including Mexico, Iraq, Indonesia, Sri Lanka, Egypt and it will continue exploring and expanding in new geographies, he said.

Published on February 23, 2014
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