Canon India Aiming at 16 Percent Growth in Topline This Year

Camera maker Canon India on Wednesday said it is optimistic about the Indian market and is aiming at 16 percent growth in its topline in 2015.

"We had a topline of Rs. 2,026 crores in 2014 despite odds, representing a six per cent expansion over the last year. Revenue from both B2C (business to customer) and B2B ((business to business) was almost similar," Canon India president and CEO Kazutada Kobayashi said.

"In 2015, we are aiming at 16 percent growth in the topline," he said.

In the consumer segment, compact camera volumes had shrunk by 30-35 percent, but at the same time SLR and DSLR segment was growing, a trend which may continue for some time, the Japanese company said.

(Also See: Canon PowerShot SX60 HS Review: Big Zoom, Average Performance)

Canon is also focusing at value-added services like document management service providing from being a printing hardware seller.

Kobayashi said Canon had also forayed into commercial printing space in its aim to expand in the country.

He said Canon is open to acquisitions in software space in the global market including India to fuel its management services.