See topline growth of 25% in FY09: Kiri Dyes

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See topline growth of 25% in FY09: Kiri Dyes

Manisha Kiri of Kiri Dyes and Chemicals expects to close the year with 25% increase in the topline. She said the company has seen a revival in business since January.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Kiri Dyes Chem See previous management interviews See what other Experts & Brokerages are saying about Kiri Dyes Chem Kiri Industries BSE | NSE 08/02/12 Are Mutual Funds betting on Kiri Industries?

Manish Kiri of Kiri Dyes and Chemicals expects to close the year with 25% increase in the topline. He said the company has seen a revival in business since January.

Kiri added that it was not yet clear why Arena Textiles picked up stake in the company.
Here is a verbatim transcript of the exclusive interview with Manish Kiri on CNBC-TV18. Also watch the accompanying video.
Q: Could you tell a bit about Arena Textiles which picked up 8 lakh shares in your company more than 5% just day before?
A: we learned about this company yesterday when we got intimation from this company and based on the intimation that we received, it seems to be a Kolkata based company and looking at the name, it looks to be a textile industry where our products are being used. We are trying to reach out to the directors of the company, to meet with them and find out what their intentions and objectives are for taking 5.3% stake in our company. Before yesterday we did not know about this company.
Q: Are you saying you haven't had any interaction with this company which has picked up 5% stake and they haven't approached you either after picking up such a sizeable stake in terms of what their plan or agenda is?
A: Yes, we just got intimation from them and we haven't received any plan or agenda, so we ourselves are trying to reach them and to set up a meeting to see what their objectives are.
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