Sodexo India eyes tier-I, II cities for expansion

Food and facilities management business company Sodexo India is all geared up to strengthen its presence in tier-I and II cities to achieve its 2015 global target of doubling revenue and tripling profitability, a top executive said on Tuesday.

"We have set a 2015 target on revenue and profitability and to achieve it we have to deepen our presence in the country, especially in the tier-I cities and move to and II cities," Sodexo India On-Site Service Solutions Vice President (Marketing and Communications) Jeff Brades told PTI.

Sodexo is also looking at introducing few of its services in India, especially in the personal health care segment.

"We are always looking at new opportunities and may be in the next two years we will introduce new services under personal healthcare in India.

However, our focus is to strengthen the healthcare segment, which is growing and has huge potential," he said.

The French company, ranked third among the top 100 outsourcing firms in 2011 by the International Association of Outsourcing Professionals, feels that to meet the global target, revenue in India needs to grow by 14%.

The company is expecting 12.5% revenue growth at USD 135 million during this fiscal (September-August) in India compared to USD 120 million in the previous fiscal.

At present, about 80% of Sodexo business in India comes from the west and south regions, Brades said.

However, there are big opportunities for the company in the north, especially in Delhi and National Capital Region, he added.