VFI
expects to reap Rs 250 crore sales withinside the cutting-edge economic year.
It stated its pinnacle line crossed Rs a hundred and sixty crore withinside the
first 1/2 of of the FY22, as in opposition to Rs a hundred and fifty crore in
complete FY20.
Varahamurti Flexirub Industries (VFI), a
SpringFit bed manufacturer, objectives to obtain Rs 1,000 crore sales in
subsequent 5 years, the organisation stated in a media release.
“We are assured of doubling our sales
to Rs 1,000 crore, over the subsequent 5 years with our expansion. Most of the
brand new incremental sales need to come from the imminent Meerut &
Vadodara plant. If our plans pass as planned, we need to be a Rs 1,000 crore
entity with the aid of using FY27,” stated the organisation.
VFI expects to obtain Rs 250 crore sales
within side the cutting-edge financial yr. It stated its top line crossed Rs a
hundred and sixty crore within side the first 1/2 of of the FY22, as towards Rs
one hundred fifty crore in complete FY20.
It exports fashionable mattresses in 34
international locations and expects an export sale of Rs a hundred crore within
side the cutting-edge financial yr finishing March 2022.VFI presently produces
4 lakh mattresses yearly from its 4 production devices primarily based totally
in Haridwar, Meerut, Vadodara and Coimbatore.
It now objectives to double its bed
manufacturing with its expansions in Meerut & Vadodara. “We extended
our manufacturing facility in Vadodara for production mattresses. In Meerut,
we’re generating PU foam. With each those factories in Meerut & Vadodara we
are able to attain Rs 250 crore sales. We are increasing in exports, on-line
section and retail,” stated Nitin Gupta, director, VFI Group.
The organisation currently extended its
international portfolio with the aid of using signing an MOU with Simmons, an
American bed brand. Through this VFI has been assigned the only licence to
fabricate their mattresses inside India. “This will supply a huge push of
attaining our goal of attaining Rs 1,000 crore,” stated Gupta.
Currently, VFI has 60 showrooms throughout
the united states and plans to attain one hundred fifty-2 hundred showrooms
within side the subsequent years. Courtesy: www.retail.economictimes.indiatimes.com
