V-Guard Industries plans to expand in northern, eastern and western regions of the country as it aims to garner over 60 per cent revenue from these regions in the next five-six years, a senior company official said on Wednesday.
Currently, these regions contribute around 42 per cent of the business of the company, which is into manufacturing consumer electrical and electronic goods.
The Kerala-based company is also investing in manufacturing and is setting up new plants in Uttarakhand, Sikkim, and Hyderabad. It is investing more than Rs 400 crore over a period from 2019 to 2024.
The company is expanding its product portfolio and also enhancing its distribution footprints, Chief Operating officer of V-Guard Industries Ramachandran Venkataraman said."North, east and west contribute around 42 per cent of our business. Our focus would be to grow around 60 per cent in the next five-six years," Venkataraman said on the sidelines of a conference.V-Guard Industries' revenue for FY21 stood at Rs 2,699 crore.When asked about the current fiscal, Venkataraman said, "YTD (year-to-date) from April to December, we have been growing about 30-31 per cent."
