Ricoh India on track to achieve its Rs. 1000 crore revenue goal in FY14

NEW DELHI: Ricoh India has announced the launch the new 360 degree experience in Delhi, aimed at enhancing office productivity by integrating solutions in Document Management, IT Services and Communications. Ricoh also announced that they are firmly on plans to achieve their goal of 1000 cr revenue in FY14 (March ending of 2014), recording a CAGR of over 50% in last 3 years. The key growth drivers include laser printers, IT services, and Managed Document services, among others.

Ricoh India is a subsidiary of Ricoh Company Limited, approximately US$ 20 billion global giant in the field of imaging solutions, specializing in imaging equipment and services, production print solutions, document management systems and IT services. Gestetner India merged with Ricoh India in 2005. Later, Ricoh India acquired business entity of Momentum Infocare in 2011 to strengthen IT services portfolio.

Speaking on the launch of Ricoh 360° in Delhi, Tetsuya Takano, MD & CEO, Ricoh India Ltd said, "In India, we expect an overall IT spending to reach USD 71.3 billion in 2014 which is a 5.9 per cent increase over 2013 forecast with most of the growth driven by spending on IT service, and that's why India is one of the most crucial markets in the world's region for Ricoh. Organizations of all sizes from SMEs to large enterprises are looking at growing their business and expand rapidly into tier III and IV markets. We want to be a part of this growth journey and take care of their requirements by offering customized and the best technology end-to-end solutions from Ricoh."