The debt-free company is looking at growing from a products company to a products and solutions company, says Prakash Subramanian of Hercules Hoists.

Expect to clock Rs 130cr sales this year: Hercules Hoists

For the current year, the company is targeting sales of around Rs 130 crore against sales of Rs 121 crore witnessed in FY11. "For ’12-13 we expect to continue to grow by 10% and with the export market growing, we can expect another 15-20% growth," he added.

Hercules Hoists targets topline of Rs 140cr in FY12

Shekhar Bajaj, chairman, Hercules Hoists in an interview to CNBC-TV18 said that their new factory at Khopoli has the capacity to fetch a turnover of Rs 300 crore.

No plans to sell or develop Mulund land: Hercules Hoists

Chairman of Hercules Hoists, Shekhar Bajaj, in an interview to CNBC-TV18, said that the company would keep the Mulund property vacant unless they see some good acquisition opportunities.