Companies

Ricoh India set for expansion

Our Bureau New Delhi | Updated on May 11, 2012 Published on May 11, 2012

Japan based, Imaging solution company, Ricoh on Friday announced their expansion plans of dealership network in the Indian market.

“Our revenues for the fiscal year ending March stood at Rs 432 crore. We want to take it to Rs 1,000 crore by 2014 for which we have decided on expanding our footprints in India,” said Mr Tetsuyo Takano, Managing Director and Chief Executive Officer, Ricoh India Limited.

The company plans to expand into India from the current 500 dealers to 1,000 by the end of current fiscal year. While refusing to divulge investment figures, they said, “We will be increasing our service points from current 247 to 470 by the end of the year.”

The company has launched a new line up of printers in the price range of Rs 6,500 to Rs 12,800. It is aiming to sell 100,000 units of printer in the current fiscal from its product portfolio of 24 models. To this end Ricoh, India has decided on a marketing budget of Rs 20 crore for 2012-13.

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Published on May 11, 2012
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