Maini Material targets Rs 250-cr revenue

PANAJI: Bangalore-based Maini Material Movement Pvt Ltd intends to target smaller towns in the country to grow by 70 per cent in the next six months.

"We have been concentrating on A and B class cities. Now we intend to touch each and every industrial belt," Maini Material Vice-President (Marketing) S Nagaraj said.

The Rs 150-crore company with around 100 distributors across the country is targeting revenues of Rs 250 crore within the next six months by adding 150 more distributors.

The company, established in 1986, is manufacturer and exporter of in-plant material handling equipment.

With clients like Maruti, Hero Honda, Hyundai, Ford, Asahi India, Cipla, GD Goenka School, GE, Infosys, Le Meridian, Mysore Zoo, Reliance Communications, Taj Hotels and UB Group, the company produces state-of-art equipment in its Bangalore factory.

"Setting up of special economic zones is adding up to the demand for our equipment. It will further provide impetus to our growth," Nagaraj said.