The following appears on business-standard.com

Ricoh India, a subsidiary of Japanese imaging and electronics Ricoh, is looking to grow its revenues from India four-fold by FY17-end, from the Rs 1,047 crore it reported in FY14 on the back of its recent wins in the government space and increasing traction of its IT services business in the domestic market.

In its previous three-year mid-term plan period-ending March 31, 2014, Ricoh India had set a target to triple its revenues which has already been achieved, said Manoj Kumar, Managing Director of Ricoh India. “For the current mid-term three-year plan period, of which one year has just finished, we have set a target to grow four times which means we will have to cross Rs 4,000 crore by March 31, 2017. This is an annual growth rate of 55-60 per cent which perfectly fits in to the pace at which we are growing today,” he said.

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