Hilti eyes sales of Rs 500 cr in India by 2011
Europe-based construction equipment manufacturer Hilti on Thursday said it projects a five fold jump in turnover from its India operations at Rs 500 crore by 2011 and plans to add 700 employees in the country.
By PTI |
NEW DELHI: Europe-based construction equipment manufacturer Hilti on Thursday said it projects a five fold jump in turnover from its India operations at Rs 500 crore by 2011 and plans to add 700 employees in the country.
"We expect our sales to grow by five times and employees by three-and-half times by 2011," Hilti India President Mani Sehmi told reporters here today.
He said the sales revenue stood at Rs 67.5 crore previous year and is expected to reach Rs 100 crore in 2007.
Hilti India is a 100 per cent subsidiary of Liechtenstein based Hilti Corporation, which has eight manufacturing plants outside India and presence in more than 120 countries with more than 19,000 employees.
The company, which supplies solution for measuring, fastening, demolition and construction chemicals worldwide, also plans to increase its global headcount to 1,000 by 2011 from the present 300 employees.
Half of this addition would be engineers and remaining support staff, Sehmi said. The company would also increase the number of service centres from 20 to 50, he added.
Hilti India has six per cent share in the total market size of Rs 1,500 crore, mainly dominated by local players.
"The market of the products in which we deals is growing by 15-20 per cent but we are growing much faster at over 50 per cent in the last two years," he said.
Hilti adopts direct sales model and its product range covers drilling and demolition, direct fastening, anchoring systems, firestop and foam systems, installation and screw fastening as well as cutting and sanding system.
On its growth plan globally, Hilti Chairman Pius Baschera said the aim was to become Rs 30,000 crore company by 2015 from the current 15,000 crore.
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