According to a recently published report, pallet manufacturer Leap India has set its eye on a topline target of Rs 280 crore by 2020. This would mark a staggering jump of seven times from its existing base. The report underlines that Leap India is looking at explosive growth trajectory anticipating rise in demand from its key corporate customers like Nestle and Coca Cola. The company is provisioning for a three fold jump in its production capacity. The compnay’s topline at the end of the last fiscal had stood at Rs 37 crore.
“Leap India recently raised Rs 110 crore from private equity players like Mayfield, IndiaNivesh, Sixthsense and TCI Ventures. They had already raised Rs 50 crore and debt and is expected to close another Rs 100 crore. This investment will take company’s pallets to three million by 2020, which would generate Rs 280 crores revenues for the company,” said Sunu Mathews, managing director, Leap India has been quoted as saying in the report.