| The company expected sales to exceed Rs 1,000 crore by 2006-07, following which it would make an initial public offering (IPO) to offload a portion of the promoters' stake. |
| The company would be setting up its 25,000 sq ft unit at Chinsura in West Bengal with installed capacity of 65,000 monitors per month. |
| The company would also be manufacturing the glass tubes at its facility. |
| "The plot has been finalised and work would begins by September or October once the on-going expansion project was over. At present, we are in the process of setting up a DVD and home-theatre manufacturing unit at an investment of Rs 350 crore. This was likely to be completed by September 2005," said D N Nair, CEO of Xenitis. |
| The monitor manufacturing plant would be catering to original equipment manufacturers. |
| "A portion of production would also go into our own distribution network while we are also looking at the possibility of exporting," he added. |
| Xenitis has firmed up plans of opening offices and distribution centres in strategic locations globally, along with warehouses and marketing companies in west Asia and Africa. |
| "We are in the process of putting up a warehousing facility at Masawa in Africa which was the connecting point to a number of countries in the continent like Angola, Namibia. Xenitis is also planning a office in Dubai in the next six months, followed by Turkey, Moscow. In Australia we are also planning presence in Melbourne and Sydney," the CEO informed. |
| Xenitis would create 1,800 jobs once all the manufacturing units were in place. Its present manufacturing capacity was at 900,000 PCs per month. |
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