TTK Prestige is planning to grow annual revenue a little over three times in five years, to Rs 5,000 crore, as it expands into cleaning solutions and aims to increase exports. The Bengaluru-based entity expects annual export to grow 10-fold to Rs 500 crore, looking at earning higher margins by selling branded products through Horwood Homeware, the UK brand it acquired early this year.
Last year, the firm shipped cookers and electric appliances worth Rs 40 crore to brands across Japan, Europe and the US.
TTK Prestige is India's largest kitchen appliances company and is one of the Top 500 listed entities in India with a market cap of half-a-billion GBP. TTK Prestige has 10 factories, 23 warehouses, multiple Innovation Centres and caters to 50,000 retailers across India.
