Konica Minolta Aims for Rs 500 Crore Revenue by 2017

Konica Minolta Business Solutions (KMBS) is eyeing a growth of Rs 300 crore ($49.2 million) in its revenue in India by the end of this fiscal year, reports Business Standard. Also, KMBS sees an expansion of 30% for the printer industry in 2014 and expects its revenues to reach Rs 500 crore ($80.8 million) in 2-3 years.

KMBS Officials said the company is currently selling around 20,000 units per year in India and but it is not planning to set up a manufacturing facility in the sub-continent at present. KMBS is importing machines from China and some of the components from Japan. Like other Japanese companies, however, it is considering building a manufacturing site in China.

Tadhahiko Sumitani, Managing Director at KMBS India, claimed, “We posted a revenue of Rs 228 crore last year and the year ending this month we are expecting Rs 300 crore (in) revenue.”

As part of its expansion, KMBS has released a laser multi-functional printer in the A4 printer family to meet the demand from small office/home office (SOHO) and small and medium business (SMB) custo00mers.