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Parle Products aims to be Rs 20,000 cr company in next 5 yrs


Parle Products aims to be Rs 20,000 cr company in next 5 yrsrnrnFebruary 11, 2018rnUPDATED 10:05 ISTrnrnrnrnrnrnREAD LATERrnrnrnNew Delhi, Feb 11 (PTI) Biscuits and confectionery maker Parle Products is aiming to double its turnover and cross Rs 20,000 crore in the next five years, said top officials.rnThe company also expects the staples and snacks segments to be its growth drivers in the coming years, they added.rnrn"We are atleast looking at, by 2023-24 to double our turnover from here," Parle Products Category Head Mayank Shah told PTI.rnrnParle Products, which is a privately held company, has a present turnover of Rs 10,000 crore plus, he added.rnShah further said: "This growth would be mostly going through the organic way rather than acquisitions."rnAs part of its growth strategy, the company is expanding its product portfolio, aiming to be a total food company, by filling up gaps in its offering.rn"Eventually, we are looking at several other categories and whenever and wherever there are opportunities, we would grow into a total food company," he said.rnThe company has got into snacks, bakery items like cakes and rusks and

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