iQuippo looks to reach Rs 100 crore revenue mark
iQuippo looks to reach Rs 100 crore revenue mark by March 2020 NEW DELHI: iQuippo, part of Srei Infrastructure Finance, is looking to double its revenue growth and hopes to reach Rs 100 crore revenue mark by March 2020. According to Anant Raj Kanoria, CEO of the company, they started breaking-even by March 2018 and now they plans to double this growth.
Kanoria is banking on buying or selling construction equipment and financing segment to drive company’s growth in coming years. About 80 per cent of company’s current revenue comes from these segments. The company has tied up with eight manufacturers i.e. JCB, Hitachi, Sany, Komatsu, Kobelco, Volvo, Kubota and Daimler to bring on-board new construction equipment on its platform. Kanoria hopes a good growth in construction equipment segment.