Ricoh looking at Digital India projects to drive revenue growth

| Updated on: Sep 21, 2015
image caption

Launches new multifunction printer series

Ricoh India expects to sustain its 55-60 per cent annual revenue growth this year, according to its Managing Director and CEO Manoj Kumar.

The growth will mainly come from projects under the Digital India campaign and remote business operations, he told newspersons during the launch of the company’s new multifunction printer series.

In the last financial year, the company reported revenue of ₹1,637 crore. “I don’t see any reason for this growth momentum to slowdown. From a ₹300-crore company in 2010-11, it has grown by over five times in size,” he said.

Ricoh India, which is part of the $18.5-billion Japanese Ricoh Group, provides printing and management solutions, IT services and communication systems. Anul Saini, Senior Vice-President and Chief Operating Officer, Ricoh India, said that the company is participating in tenders worth nearly ₹5,000 crore under the Digital India programme. This includes projects such as wide area network, state wide area network, and in sectors such as health and education. On the new printer series, Kumar said that it has features such as ID card scan function (both sides on to a single image file) and scan to e-mail with optional network cards. With a starting price of around ₹35,000 (basic model) it will be attractive for the small and medium business and government sector, he said.

Published on January 22, 2018

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