VLCC, a leading beauty and wellness firm, is eyeing to bag Rs1,000 crore revenue in the next three years, as it expects to triple the size of its product portfolio. “Our focus is to grow our top line in both our centres (VLCC Institutes) and product portfolio. We are looking at doubling our overall turnover to Rs 1,000 crore over the next three years. Besides, we want to strengthen our product portfolio. We plan to invest around Rs300 crore to expand our footprint globally. This may be organic or through some acquisitions over the next 24 months. The funding will be through internal accruals and debt,” says Sandeep Ahuja, Managing Director, VLCC Health Care Ltd. The company’s current revenue is around Rs500 crore, and is growing at a rate of 25 percent annually, at par with the industry.
Posted on: 8-9-2010
Source: www.business-standard.com
