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Ricoh India plans to set up manufacturing plant in India

A part of Tokyo-based Ricoh Group Ricoh India is planning to set up its manufacturing plant in India
Ricoh India plans to set up manufacturing plant in India

As per the top company official, Ricoh India Ltd, Part of Tokyo- based Ricoh Group, is planning to set up a manufacturing plant in India.

Manoj Kumar, Executive Vice President & CEO, Ricoh India, also said that the company, which clocked Rs 1,048 crore revenues last year, expects to touch Rs 1,500 crore during the current fiscal.

Kumar stated, “We do have plans (for setting up plant), which we are currently evaluating. It is just a matter of time before we come out with something on manufacturing plant.” He declined to elaborate more on details, such as investments and time-frame for setting up plant.

He further added that the company has been achieving 50 per cent growth on revenues for the past year and this year also it is expected to witness similar number in growth.

Ricoh India has recently bagged Rs 1,370 crore order from Department of Post to provide rural ICT solution. This system integration contract further strengthens Ricoh’s foray into IT services and showcases its ability to deliver such crucial and large scale deployment and also contribute in the development of India, he said.

“Our strong capabilities in the domains of Imaging, Communication and IT Services have enabled Ricoh to emerge as a one-stop business solutions provider. IT services is one of our key growth engines which contributed to 45 per cent to our total revenue last year. In the coming years we would like to expand our business and increase its contribution to 60 per cent of our total revenue,” he added.

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