HomeNewsBusinessCompaniesAim to grow in double-digits in next 2 years: Sodexo

Aim to grow in double-digits in next 2 years: Sodexo

Sodexo’s global CEO and Chairman Michel Landel in an interview to CNBC-TV18 said their company is likely to see a double-digit revenue growth from India, in the next two years.

May 23, 2016 / 22:31 IST
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Sodexo’s global CEO and Chairman Michel Landel in an interview to CNBC-TV18 said India, which is one of the fastest growing economies, is an extremely dynamic market for them. He said their company is likely to see a double-digit revenue growth from India, in the next two years.

Below is the transcript of the interview with CNBC-TV18's Kritika Saxena. Q: What are your growth plans for the next few years? A: We can plan in the next few years to at least have double digit growth in revenue. We are serving companies but we are also serving the healthcare market, education market and also all the energy and resource market - the oil industry and everything. All these markets are growing fast. When you talk about education in this country, the potential is massive. Q: What is the kind of scalability model that you can look at from a employee point of view? A: We employ more than 3000 people every year today but as we move forward and as growth accelerates soon, India will become a country where we will have more than 100000 people. Q: In terms of acquisitions, is there any plan that you have? A: If we find the right targets of course. We have made acquisitions in this country. We have acquired in 2009 Radhakrishna Hospitality Services Group (RKHS), we have acquired MacLellan in 2012. So, we will continue to do acquisitions as we find the right targets and as we can integrate them.

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first published: May 23, 2016 10:31 pm

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