Ricoh India aims big by 2017

Richoh India, subsidiary of Japan based Office and IT solutions provider Ricoh, is aiming to reach Rs 3,000 crore in revenue by 2017.

Elaborating on the target, Manoj Kumar, senior VP and CFO, Ricoh India, in an exclusive interview with The DQ Week, said, " With our aim to achieve Rs 1,000 crore this year with 58% growth from a total of Rs 633 crore done till March'13, we now intend to increase our target by three times, that means we are eying a growth of Rs 3,000 crore, by 2017."

The company is also eying the production printing market in the country, big way. Aiming a Rs 100 crore business from the segment, it recently launched three new production printers, to achieve the same.

Speaking on the expansion plan, Kumar mentioned, " We have already achieved the milestone of reaching 100 installation base of color and black and white production printers. We are glad that coastal areas like Kerala are doing thriving business using Ricoh products. Even in West, in the interiors of Gujarat, Ricoh machines, used to take the pictures of intricate handi craft work, are a hit."

Kumar also mentioned that the company products are being used for bulk printing in various banks too.

Meanwhile, talking about the IT services segment, the company is currently targeting the domestic market, especially the government sector. " Although we have already worked for the government like projects for AADHAR card and data networking for e-panchayat, but we are looking forward to more projects in the sector," shared Kumar.