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."