Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: empanelment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt
 
 
Mergers and Acquisitions »
 Telecom M&As mean better spectrum utilisation, services: Govt
 Vodafone India-Idea Cellular merger deal gets CCI nod
 Surge in due diligence activity brings flood of business to big four
 As Reliance rolls out Jio Phone for 'free', mergers among smaller telcos may accelerate
 Building market institutions can help M&As move faster
 How corporate mergers and acquisitions impact small investors
 Merger control triggers and thresholds in India
 Centre eases pre-merger filing normsa
 Mergers and Acquisitions in Indian banking sector not threat for fintech players
 This part of our journey is value discovery: Kumar Mangalam Birla
 Health care mergers, acquisitions lead surge in global deals

Acquisitions to double its turnover
September, 19th 2009

The $2.5-billion diversified industrial group Godrej, which has plans to double its turnover in three years, is looking at acquiring fast moving consumer goods (FMCG) brands.

"Our objective is to achieve 25 per cent yearly growth of which around 10 percent will be from acquisitions and the balance organic," group chairman Adi Godrej said here Friday.

"We are looking at acquisitions in haircare/hair colouring segments in developing markets like Brazil, Egypt and others as the potential is large."

In the domestic FMCG market, he said, Godrej's strategy would be to "acquire an existing brand and build it rather than growing a brand, fighting against the established players".

The group has formed an FMCG portfolio cell to look after mergers and acquisitions.

Meanwhile the group is getting more active in the real estate space through Godrej Properties Ltd, which is expected to hit the market with an initial public offering (IPO) soon.

"Currently around 100 million square feet property is being developed across the country. The focus will be on developing residential properties," said Godrej.

Godrej Properties will soon start building a residential apartment on 12.5 acre plot near here.

On the 3,500-acre property the company owns at Vikhroli in Mumbai, he said: "We will be building iconic residential, commercial buildings there."

Godrej declined to disclose the amount Godrej Properties is expecting to raise from the IPO.

While the group has moved some of its plants out of Mumbai to Himachal Pradesh due to tax benefits, Godrej said there was no move to reduce the number of plants. The group now has around 100 plants.

"On the other hand, the number may go up as Godrej Agrovet operating in the animal feed business will be setting up new facilities near its markets," he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions