English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesExpect Rs 600cr sales in FY18: Shivam Autotech

    Expect Rs 600cr sales in FY18: Shivam Autotech

    Shivam Autotech saw 17 percent increase in sales in the month of September. In an interview to CNBC-TV18, Neeraj Munjal, MD of the company spoke about the numbers and his outlook going ahead.

    October 09, 2017 / 14:02 IST

    Shivam Autotech saw 17 percent increase in sales in the month of September. In an interview to CNBC-TV18, Neeraj Munjal, MD of the company spoke about the numbers and his outlook going ahead.

    Munjal expect Rs 600 crore sales in FY18.

    Shivam Autotech is one of the largest manufacturers of gears and Hero Motocorp is our biggest client, said Munjal.

    We have diversified into different industries and added new clients, Munjal added.

    He expects 15 percent growth going ahead.

    Our current debt is around Rs 250 crore, he mentioned.

    Watch accompanying video for more details.

    first published: Oct 9, 2017 02:02 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347