Asked on investment plan, Ranganathan said it would be around Rs 800-Rs 900 crore. “It will be in factories, distribution network, expansion, digital infrastructure. In salons, we will be investing close to Rs 100 crore”, he said.
“Investment in dairy business will be around Rs 400 crore. We’ll expand our hospitals. Third facility (of SANCHU hospitals) will be rolled out (soon) and we’re planning to open 100 hospitals in the next three years. This will call for investments,” he said.
While the targeted revenue was Rs 5,000 crore in the next three years, he said the company made Rs 1,700 crore last year. He said the thrust would be on e-commerce and innovation. Director of the company Venkatesh Vijayaraghavan would also be the chief executive officer of the FMCG vertical and Amudhavalli Ranganathan is appointed as director and CEO (new initiatives) and Manuranjith Ranganathan would be director-CEO (retail).