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Will maintain 20-25% CAGR over next few years: Nitin Fire

The company is currently enjoying 15-20 percent margins in the domestic market.

April 10, 2015 / 13:59 IST
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Nitin Fire Protection received approval from Underwriter's Laboratory in the US for emergency lights for fire safety protection. The market size for this product in the US is USD 250 million. Speaking to CNBC-TV18 Rahul Shah, executive director of the firm, said the company has been growing at 20-25 percent compound annual growth rate (CAGR) since last three-four years and is hopeful of continuing that momentum for a couple of more years.  The company is currently enjoying 15-20 percent margins in the domestic market. It is looking to penetrate the US market with this new approval.

Below is verbatim transcript of the interview:

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Q: What is this product all about and what kind of market size is there? How much do you think it would add to your revenues over the next one or two years?

A: This is a one-off breakthrough that we got in our range of products that includes emergency lighting which is currently being used in most developed countries. The essential use of these is, in case of any disaster or fire they have to disconnect the main power supply.