Eureka Forbes plans to clean its books

Eureka Forbes, one of the leading consumer goods manufacturing company in India has recently decided to clean its books and accelerate its revenue generation up to 65%. It has a clean slate on its records as being the number one producer of water purifier or which is commonly known as aqua guard. Its vacuum cleaner and other products are also a successful launch in the market.

However, the turnover of the company this year has seen a steep decrease from last year where it came down from Rs.457 crore to Rs. 132 Crore. The main reason for the drastic decrease in its net worth comes off a poor choice in investing in the Lux international. 

The 37 year old company is an important part of the Shapoorji Pallonji group where its MD has guaranteed that the company would double its revenue and become a billion dollar entity within five years. “EFL group is a very trusted brand and I have full faith in it that it would double its net worth in the coming years and make it up to 7000 crores” says Marzin R Shroff, managing director of the EFL group.

 

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