The firm, which also makes vacuum cleaners and fans, is the latest among a slew of companies looking to make their stock market debut in India
The water purification business was being run under the ‘Pureit’ brand, and the deal has been struck on a slump sale basis, Hindustan Unilever said in an exchange filing on July 15.
The talks for the sale of the India Pureit business come amid parent Unilever Plc initiating the sale of its majority stake in Qinyuan Group Co., a Chinese maker of water purification equipment that it acquired in 2014.
Kent RO System, the home-grown water purifier maker, eyes US market entry, portfolio expansion, targeting a Rs 2,000 crore turnover in three years.
The company, which has recently signed up as the principal sponsor for the Sri Lankan cricket team for the upcoming World Cup, is targeting to double sales to 1,000 units a month in one year.
Water purifier maker Kent RO, which has also forayed into the air-purifiers, is aiming to corner 35 per cent market share in the segment in the next four years.
Surbhi Gupta Tanga of designemporia.in is an e-commerce portal that offers Indian designers a virtual boutique space in an e-mall.
Clean water is no more about lifestyle, it is a necessity. Setting up Kent was, however, a great challenge of trying to educate consumers and taking on stiff competition