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2014-12-01

Kent RO to set up a new plant in Noida; eyes Rs 1,000 crore sales by 2016-17

The company has witnessed a significant traction of its products among non-metro cities.

Water purifier maker Kent Ro Systems has announced that its revenue will touch Rs 1,000 crore by 2016-17, according to a report published by PTI.

The company has witnessed a significant traction of its products among non-metro cities.

"Last year, we finished at Rs 580 crore and this year, we are expected to close around Rs 700 crore. Next fiscal, I am hoping around Rs 850-900 crore and then over Rs 1,000 by 2016-17. We are continuing with a year-on-year growth of 25 per cent," Mahesh Gupta, Chairman, Kent RO Systems told PTI.

The company has established a RO membrane unit at its Roorkee plant which will allow the company to manufacture its parts in India rather importing components from USA. The company is now setting up another plant in Noida in Uttar Pradesh, the PTI report states further.

"We have started a new plant in Noida, which would come up by 2017. We are investing around Rs 100 crore which would be funded internally," Gupta said.

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