William Penn aims to become Rs 100 crore company by FY15

MUMBAI: William Penn, a multi-brand retail store chain housing premium writing instruments, desktop and lifestyle accessories, is targeting up to 20 per cent year-on -year growth in order to become a Rs 100 crore company by FY 15.

"We are presently growing at 15-20 per cent and we hope to maintain it in order to become Rs 100 crore company in another three years," William Penn CEO Nikhil Ranjan told PTI here.

William Penn is targeting up to 25 per cent growth in revenue at over Rs 56 crore in FY 12 compared to Rs 45 crore in FY11.

The company, which presently houses 20 premium brands of fine writing instruments, is planning to increase its portfolio.

"Its a continuous process and presently we house world's premium to luxury writing instrument brands and we will keep increasing our portfolio. We aim to become the number one destination for luxury writing instrument brands segment in the future," he said.

In another couple of months the company will house another global luxury pen brand 'Davidoff'.

The company, which presently has 15 stores in airports and malls in all metro cities, is planning to add another 4-5 stores in 18 months, he said.