Friday, Apr 26 2024 | Time 19:03 Hrs(IST)
image
Business EconomyPosted at: Mar 5 2021 6:58PM


Omron Healthcare to expand in tier-II, III cities in Telangana & AP, aims Rs 221 cr turnover in FY21-22

Hyderabad, Mar 5 (UNI) Medical device maker Omron Healthcare India, a global leader in digital blood pressure monitoring domain, on Friday said it plans to expand its footprint in Tier-II and III cities in Telangana and Andhra Pradesh by expanding stores in these states to 1000 from 700 this year end.
Our vision to strengthen the availability and practice of home healthcare monitoring to help create a ‘Zero Events’ society ( no incidence of heart attack and brains strokes via provision of quality medical devices to Indian Society like digital blood pressure monitors, nebulizers, thermometers, nerve stimulators, body fat monitors, weighing scales), said Masanori Matsubara, Managing Director, Omron Healthcare India, in a press conference here.
Currently, we have five home healthcare products including Blood Pressure and nebulizer, he said the company had already established the first ever experienced Centre in Hyderabad and third in the country after Gurgaon and Mumbai and we are also planning to set up similar centres in Bangalore and Chennai and in other cities by end of FY21.
With the expansion, Omron expected to register Rs 221 crores turnover in the country in FY21-22 against Rs 200 crore in FY20, Masanori said that in Hyderabad, our market share in the digital blood pressure monitoring device) segment was 44 percent in FY20 Q3 against national average of 54 per cent.
South India contributes to almost 30 per cent of Omron’s total sales which they plan to escalate to 40 percent in FY 2021-22, he said.
Currently, we have 12,000 stores across the country and it will scale up to over 14,000 by the end of March,2022, he added.
To a question, he said that discussions are going on internally on the need of setting up its medical devices manufacturing plant in India.
Omron Healthcare India General Manager (sales and Marketing) Rohit Saini also present.
UNI KNR SHK1858
Please log in to get detailed story.
Tags: #Omron Healthcare to expand in tier-II# III cities in Telangana & AP# aims Rs 221 cr turnover in FY21-22
More News
Sensex nosedives 609 28 pts

Sensex nosedives 609 28 pts

26 Apr 2024 | 5:26 PM

Mumbai, April 26 (UNI) Snapping a winning streak of last five sessions, the BSE Sensex on Friday, the last session of the week, tanked 609.28 pts to settle at 73730.16 amid mixed global cues.

see more..
Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

Maruti Suzuki net profit surges 48 pc to Rs 3,878 crore in Q4

26 Apr 2024 | 5:00 PM

New Delhi, April 26 (UNI) On the back of solid volume growth, the country's largest carmaker Maruti Suzuki on Friday reported 47.80% jump in standalone net profit at Rs 3,877.8 crore for January-March period (Q4) of financial year 2023-24.

see more..

Shriram Finance net jumps 57 pc to Rs 2,021 cr in Q4

26 Apr 2024 | 3:52 PM

New Delhi, April 26 (UNI) Shriram Finance on Friday reported 56.91% year-on-year jump in consolidated net profit at Rs 2,021.28 crore for the January-March period (Q4) of financial year 2023-24.

see more..
Maruti Suzuki gets show-cause notice from Legal Metrology dept

Maruti Suzuki gets show-cause notice from Legal Metrology dept

26 Apr 2024 | 2:39 PM

New Delhi, April 26 (UNI) The country's leading carmaker Maruti Suzuki India on Friday said that it has received a show-cause notice from the Legal Metrology office in Rishikesh, Uttarakhand.

see more..

Onkar Kanwar gets Lifetime Achievement Award

26 Apr 2024 | 2:08 PM

Kochi, April 26 (UNI) Chairman of Apollo Tyres Ltd, Onkar Kanwar, has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony.

see more..
image