Parry Enterprises eyes sevenfold growth in turnover to ₹3,000 cr.
The Hindu
Parry Enterprises India Ltd. (earlier Parry Trading Co.) is preparing to step into unchartered territory to achieve a turnover of ₹3,000 crore in the next couple of years from the current ₹400 crore, according to a top official.
Parry Enterprises India Ltd. (earlier Parry Trading Co.) is preparing to step into unchartered territory to achieve a turnover of ₹3,000 crore in the next couple of years from the current ₹400 crore, according to a top official.
“We have a mandate to grow big,” said PEIL Business Head Rashmi Ranjan Mohapatra in an interaction with The Hindu.
“The opportunity is huge. Having been in the business for long, we have scratched only the surface and it is time to explode,” Mr. Mohapatra added.
Currently, PEIL is evaluating several products internally such as making fabrics for airbags, vests and personal protection gear for Defence, poly textile for radial tyres and inverters besides milk powder, bread and breakfast cereals, among others.
“The list goes on and on. These products will be unveiled soon. They are premium products and hence, the prices will be slightly on the higher side,” he said.
According to him, PEIL will serve breakfast menu sourced from a third party. It is being test marketed in Chennai under the brand name Morning Bouquet.
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