Indian-made foreign liquor (IMFL) company Octaga Green has set a revenue target of Rs 650-700 crore for the upcoming financial year. In FY24, the company generated Rs 120 crore in revenue, and its expected turnover is Rs 211 crore in FY25.

By scaling operations, it aims to enhance distribution and product availability. It plans to expand to states like Odisha, Assam, Uttar Pradesh, and Meghalaya. Octaga has an off-trade presence in six states and is eyeing expansion into other markets, such as Andhra Pradesh, Telangana, Kerala, and West Bengal. 

The company’s presence spans the Canteen Stores Department (CSD) and the Ministry of Defense across 18 Indian states, including Jammu & Kashmir, Haryana, Delhi, Gujarat, Maharashtra, Tamil Nadu, Chhattisgarh, Pondicherry, and West Bengal.

Octaga’s manufacturing plant in Kohlapur, Maharastra, has a current rated capacity of 60,000 lpd and can produce up to 3,000 cases of bottled alcohol (IMFL) per day, “Until we achieve 80 percent of our capacity, we would like to further expand the facility to enhance its spirit manufacturing capacity. The factory is designed to have a spirit manufacturing capacity of two lakh liters per day. Along with expanding our IMFL production, we are also looking at producing other products like aviation fuel and automobile fuel in the pursuit of sustainability," the company’s CEO and Managing Director, Basab Paul said.