Hotline: 1800 102 2007
X
Search Business Opportunities
Jul, 12 2017

Anmol Industries eyes Rs 2000 crore turnover by 2020

The company plans to foray into Andhra Pradesh, Telegana, Maharashtra and Karnataka states in the next few months.

Kolkata-based FMCG major, Anmol Industries said that though biscuits industry remains revenue neutral in the new taxation regime, the company was moving ahead for pan India presence by the current fiscal ending March 18.

Bimal Kumar Choudhary, MD, Anmol Industries, said, "Goods and services tax is revenue neutral for the biscuits industry. We are going ahead with plans to have our footprint in West and South India by this fiscal to have pan India presence."

The company said they are currently restricted in the east and northern markets of the country and enjoys 7% market share in these markets.

Ranendra Nath Ojha, Chief Marketing Officer, Anmol Industries, said, "We have 7% market share in the markets we are operating but on national ranking we are fourth with 4.8 per cent of share in the Rs 28000 crore industry."

The company plans to foray into Andhra Pradesh, Telegana, Maharashtra and Karnataka states in the next few months.

The company that began its journey in 1994 from Dankuni in West Bengal, now has 7 plants with the latest one in Bhubaneswar in Odhisa ramping its production capacity to three lakh tonne per month.

Ojha said, "The Rs 135 crore plant in Odisha will help us to expand in the state and foray into southern states."

Choudhary said, "The company was targeting Rs 2000 crore turnover by 2020. The company did not ruled out an initial public offer in future."

Comment
Related opportunities
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: The Juice Art, a venture of Sonaya Foodworks, is..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About : Shahi Durbar is a first of its kind Indian..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
     About The London Shakes: The London Shakes are the re-inventors of..
    Locations looking for expansion Madhya pradesh
    Establishment year 2009
    Franchising Launch Date 2011
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities