Ricoh targets Rs 250 crore revenue from Indian IT business by 2013

September 19, 2011

Japanese leader in the field of imaging solutions Ricoh, which recently made a foray into the IT sector, is eyeing nearly Rs 250 crore revenue from this business by FY13, a senior company official has said.

The Japanese company also said it is planning to become a Rs 1,000-crore firm by FY13 in India and is looking to garner nearly 25 per cent of its revenues from its IT business.

Ricoh had acquired the Noida-based IT company Momentum Infocare, specialised in system integration, this June, marking its foray into the sector.

"We aim at generating around Rs 250 crore from our IT business, which will be nearly 25 percent of our total business by 2013," Ricoh India Director for Business Operations Sujit Sanyal told PTI here.

The fast-changing IT sector, which is over USD 40 billion in size, has brought about drastic changes in the working of organisations and Ricoh has completely aligned itself with this transformation, he said.

"In today's business environment, customers are looking for products and services that offer quality, increase efficiency and have a short turn-around time with prompt after-sales service. We have felt the need to become a single point of contact for all the IT requirements of our over 1 lakh customers," he said.

The company is also looking at more acquisitions of small and medium businesses in the country to expand its IT product portfolio.