Amway targets Rs 2,500 cr turnover by 2012

Amway India Enterprises announced that it is targeting Rs 2,500 crore turnover by 2012 to achieve an annual growth of 25 per cent in the next two years. 

The company also reported Rs 1,407 crore sales for the financial year ended on December 31, 2009, up 25 per cent against Rs 1,128 crore recorded in 2008, as per William S Pickney, Chief Executive Officer and Managing Director, Amway India Enterprises. 

The company has recently invested Rs 55 crore on expanding capacity to fuel growth. It has trippled production at Baddi vendor facility in Himachal Pradesh. At present, it has 115 products under its portfolio excluding seasonal offerings.