Kolkata, Aug 31 (PTI) Buoyed by the strong sales of
healthcare products due to the COVID-19 pandemic, direct
selling firm Netsurf Communications is planning to ramp up
production capacity and is presently looking for land, a top
company official said.
Headquartered in Pune, the company's plants are in
Sikkim, Himachal Pradesh and Pune, its CMD Sujit Jain said.
He said the company has its own R&D facility, and has
products also in personal care, farm care and home care
"Due to COVID, the healthcare products are selling
very well, All are out stocked. And also well traction in the
farm care segment", Jain said.
Talking about revenue, Jain said that the company
clocked Rs 272 crore in the last fiscal.
However, we are expecting that it will be much higher
at around Rs 450 crore since the company had been growing 60
per cent, and the business is also growing at 60 per cent
He said the company is looking for land near Pune,
adding an investment is likely to entail to the tune of Rs 30
to Rs 35 crore.
Jain also said this direct selling activity could also
be examined by those who have come back home after reverse
migration and can be a life support for them. PTI DC