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Japanese firm Konica Minolta, involved in print and imaging business, today said that it is looking to more than double its revenue to Rs 500 crore by the end of financial year (FY) 2015-16.
"We established our Indian office in August 2010. In FY 2012-13, our turnover in India stood at Rs 230 crore. This fiscal we expect revenue of Rs 300 crore and by 2015-16 it should reach Rs 500 crore," KM Business Solution's Managing Director for India, Tadahiko Sumitani said here.
He was speaking at launch of Konica Minolta's product experience centre in which it has invested $1 million (Rs 6 crore approximately).
Konica Minolta has over 30,000 multi-function printing machines installed in business organisation and 1,400 high end production printing machines at businesses involved in printing business.
The company has set a target to achieve 25% market share in office printing machine business and grow production printing business beyond its present share of 50%, Sumitani said.
"The demand for monochrome printing machines at enterprises is around 1 lakh unit per annum and colour printing machines is estimated to be around 8,000 units. We are looking for 25% market share in this segment over period of next two years," he said.
The company is selling production printing machines used for tabloid, magazines, posters etc in the price range of Rs 16 lakh to Rs 40 lakh and office printing machines in the range of Rs 1.5 lakh to 10 lakh.
