Ricoh to invest Rs 250 crore for biz expansion in India: Office - TopicsExpress

Ricoh to invest Rs 250 crore for biz expansion in India: Office and infotech solutions provider Ricoh(BSE -4.95 %) India plans to invest up to Rs 250 crore on expansion in India, a top company official said. The company targets to achieve Rs 1,000 crore turnover this fiscal. It had a topline of Rs 633 crore last year (2012-13), recording a growth of 47 per cent. "2011 was a turning point for Ricoh India when we had a turnover of Rs 300 crore. Then we took a conscious decision that we would grow and touch a figure of Rs 1,000 crore over the next three years," Ricoh India Senior VP Manoj Kumar said.

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