Unlisted Deals:
×
Minosha India aims Rs 300 cr revenue in two-and-a-half years
Created at 23 May 2021 15:38
<p><a href="https://wwipl.com/services/minosha-india-limited">MINOSHA INDIA LIMITED</a>, formerly Ricoh India, expects to generate Rs 300 crore in income in the next two and a half years via worldwide managed accounts and multifunction printer sales&lt;/strong&gt;, a senior business executive said, Minosha India Managing Director Atul Thakker told PTI that easing price competition is also helping enterprise printing margins; We have started servicing some Ricoh GMAs (Global Major Accounts) in India and expect more in the coming months. The market&#39;s pricing war has cooled, allowing us to enhance margins. In the next two-and-a-half years, we expect to sell printers and GMA business services for Rs 300 crore. said thakkerRicoh India went public in India. Accounting irregularities led Ricoh to discontinue funding for the Indian arm. Insolvent Ricoh India was acquired by investors Kalparaj Dharamshi and Rekha Jhunjhunwala in 2019. The new management renamed the company from Ricoh to Minosha. It has reconnected with Ricoh for Indian business, Minosha is in communication with Ricoh about new printer models, Thakker said. Throughout regular business days, he added, the company installs 800 printers in India. Our printers print over 70% of cheques in India. We have Lok Sabha, and Supreme Court installations. Everything is doing well and we are aiming to expand; say Thakkar Now roughly 66% of overall sales come from channel partners, with the rest coming from direct sales; We intend to develop our direct sales channel where we have room to grow. We will hire more people to increase direct sales. We are closing in on an agreement with Ricoh Japan to expand our company portfolio &amp;quot; said Thakkar.</p>
Support Megha Support Neha

News Alert