In FY15, Ricoh India, the office automation company posted a whopping 56% revenue growth in FY2015. The surge in top line was primarily backed by growth in core products and IT services segment. The company won several high value business contracts during the fiscal, a large part of which came from the government. Major deals bagged in the government sector include a five-year order from the Department of Posts worth about Rs1,370 crore.
Another big win during the year was a Rs200 crore project from the Department of Education, Delhi Government for the implementation and maintenance of ICT solutions in 1,100 schools across Delhi.
Looking ahead, Ricoh is upbeat about its growth and increased visibility in the Indian market, where IT services is expected to be a growth engine in the coming years.