South India based Cycle Agarbathi has roped in Bollywood megastar Amitabh Bachchan as its brand ambassador as it eyes a bigger share in the Rs 2,400 crore market.
"We have roped in Amitabh Bachchan to push our brand further and gain marketshare," owner of the brand N R Group Director Arjun Ranga said here today.
He added, "We are the largest organised agarbathi player with 20 per cent marketshare in the organised segment, pegged at Rs 2,400 crore."
According to Ranga the group is aiming to double the marketshare with enhanced brand promotion and is planning to double its distribution over the next three years.
Ranga said the company is focusing on the West Bengal market to push its sales as its marketshare here is 15 per cent.
Speaking about exports, he said the total size is Rs 450 crore and for the company 10 per cent of its revenue comes from overseas markets.
