Bajaj Electricals aims Rs 5,000 cr sales in FY15

Also setting up research and development centre in Mumbai.

Bajaj Electricals aims revenues of over Rs 5,000 crore during financial year 2014-15 and also plans to set up a research and development centre in Mumbai.

Shekhar Bajaj, Chairman and Managing Director, Bajaj Electricals said, “We are targeting sales turnover of Rs 5,000 crore plus in financial year 2014-15, up from Rs 3,400 crore clocked in 2012-13. We are growing at about 25 per cent and targeting aggressively to touch Rs 4,200 crore to Rs 4,300 crore sales revenues in fiscal 2013-14. We want to execute and hand over older projects, and close all the gaps by the year end. Then we can focus on our new order book."