The firm is also eyeing to enter the public markets in the next 2-3 years, cofounder Madhusudanan R said.
The company, which will sell its Helios facility to Canada-listed investment management company Galaxy Digital Holdings, added the transactions will reduce its total indebtedness by $41 million.
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Imperia Structures Limited, a premium real estate group in the country, announced the launch of a wedding mall at Knowledge Park V, Greater Noida ...
Bharti Airtel's ambitious efforts to cut its Rs 60,000 crore debt pile via sale of its Africa tower business has hit a hurdle -- at least partially. The sale of tower assets in two countries to Helios Towers has been called off, reports CNBC-TV18's Kritika Saxena.
Leading watchmaker Titan will add about 100 more outlets across its retail formats of World of Titan, Fastrack and Helios this fiscal to increase its presence in small towns, a top executive said.
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Samir Arora, fund manager, Helios Capital, says that a fact needs to be appreciated that the government has become very responsive. He is of the view that volatility in the market can be avoided if a more careful approach is adopted.
Titan Industries, known for its jewellery and watches until now, could be soon associated with much more. It is speedily expanding its accessories foray via its youth centric brand Fastrack, where it will double the number of stores. That apart, it is also fast expanding its high-end watch retail chain Helios.
Titan Industries expects its revenue in the current fiscal (2011-12) will be over Rs 8,200 crore, compared with net sales of Rs 6,352.97 crore in 2010-11, as jewellery demand is expected to continue unabated, while watches and accessories sales too remain strong.
Though some experts are betting high on India in 2011, Samir Arora of Helios Capital Management holds a different opinion.