Hager Group targets Rs 80-cr revenue from India operations by December

NEW DELHI: France-based Hager Group aims to clock revenue worth Rs 80 crore from the India operations by December this year.

Benoit Lecuyer, Managing Director, Hager Group, said, “We hope to grow at around 20 per cent every year here (India).”

Hager Group supplies equipment and services for residential and commercial buildings and also for industrial applications.

Praveen Kumar Nair P, Commercial Manager, Hager Group, said, “We hope to achieve a turnover of about Rs 80 crore by the end of this fiscal (December 2012). Last year it was Rs 72 crore. By 2012 end we should have 80-85 per cent turnover coming from the Pune manufacturing unit.”

Hager's production unit at Pune account for 70% of the revenues. The firm has purchased land near its current production facility in Pune which would become operational within few years.