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Minosha India targets revenue of Rs 300 cr in two-and-a-half years

Monday, 24 May 2021
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Minosha India, a digital printing solution firm, is expecting to generate revenue of Rs 300 crore in the next two-and-a-half years by servicing globally managed accounts and sale of multifunction printers.
 
The company has started servicing some of the globally managed accounts (GMA) of Minosha India and it expects more to come over the period of next few months. 
 
Ricoh India was listed on Indian bourses. Japanese firm Ricoh has stopped supporting the Indian arm after some accounting anomalies. Ricoh India had filed for insolvency and the entity was taken over by investors Kalparaj Dharamshi and Rekha Jhunjhunwala in 2019. The company's name has been changed from Ricoh India to Minosha India under the new management.
 
The company has been installing 800 printers per month in India in normal business days. The business has been running smoothly and now the company is looking at business expansion. 
 
Currently, channel partners contribute around 66 percent of the total sale and the rest comes from direct sale.
 
The company is planning to expand its direct sales where there is a lot of headroom to grow. It is in final stage of signing a deal with Ricoh Japan to increase its business portfolio.

 

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