Hansgrohe group sees India among its top-5 strategic markets in 5 years

Among the top ten currently, India plans include local production and acquisitions, says global CEO Hans Juergen Kalmbach

The $1.35-billion Hansgrohe group, a German luxury home fittings maker, is targeting acquisitions in India as well as manufacturing some of its products in the country, the company’s global chief executive officer (global CEO) Hans Juergen Kalmbach told Business Standard.

Hansgrohe, which imports all of its products into India right now, counts the country among its top-10 markets globally in terms of sales. 

This development happened recently as the company has tripled its business over the last two years, Kalmbach said. The company follows a January-December accounting calendar.

The India business now contributes around 10 per cent to global revenues,