HYDERABAD: Electrical goods maker Goldmedal Electricals on Thursday said it was targeting a revenue of Rs 2,000 crore next financial year. The Vijayawada-based family-run entity’s current revenue is about Rs 1,400 crore and according to the company, it registered a robust growth of 40 per cent CAGR in FY19.
Despite the prevailing economic slowdown, particularly in manufacturing, the company said it hopes to clock better sales this year and next. Currently, it has a 15-18 per cent market share in the country’s electrical industry. It also has established a strong presence in both Andhra Pradesh and Telangana with the company having 25 to 30 per cent market share.
