Kent RO aims to be a Rs. 1,000-crore firm by 2016-17.

Water purifier maker Kent Ro Systems is aiming Rs. 1,000 crore in revenues by 2016-17 on the back of rising demand for its products in non-metro cities and larger product portfolio.

'Last year we finished at Rs. 580 crore and this year we are expected to close around Rs. 700 crore. Next fiscal I am hoping around Rs. 850-900 crore and then over Rs. 1,000 by 2016-17,' Kent RO Systems Chairman Mahesh Gupta told PTI.

He added: 'We are continuing with a year-on-year growth of 25 per cent. This year it was a little sluggish and would have 20 per cent growth.'

Kent RO has set up a RO membrane unit at its Roorkee plant and is now producing most parts here. Earlier, the company was importing components from USA. RO membranes play the most important role in filtering impurities in water purifiers.

The company is now setting up another plant in Noida in Uttar Pradesh.

'We have started a new plant in Noida which would come up by 2017. We are investing around Rs. 100 crore which would be funded internally,' Gupta said.

When asked about the product portfolio expansion, he said the firm is looking to grow in segments such as air purifiers, where it has recently launched a model.

ET