Japanese flooring products firm Toli Floor Corporation is eyeing a growth rate of 50 per cent in the country for the next three years and double turnover in 3-5 years.
The company has been witnessing an annual growth of 35-40 per cent in India with a turnover of $3 million. It entered the country in 2011.
“We are ambitious and are looking at a 50 per cent growth for the next three years. We see ourselves doubling our numbers in three to five years,” Toli Floor Indian Sub-continent Operations Director (sales & marketing) TPS Raman told PTI.
In India, the floor-covering market for workplaces is estimated to be 2.5-3 million sq metres and Toli enjoys a market share of 10-12 per cent.
Toli has presence in the US, the Middle-East, China, Singapore, Malaysia, the Philippines and Indonesia, among others. India is the second overseas region that contributes most to its turnover after China.
The company, which operates in the commercial corporate workspace in India, plans to enter the residential carpet tile market in the next 2-3 months and will take the e-commerce route.
Raman declined to divulge the sales target for the same, but added: “There is a huge opportunity now in terms of growth. We will be talking to multiple e-commerce players.”
The focus will be on Chennai, Mumbai, Bangalore, Hyderabad and Delhi for residential carpet tiles.