Vectus aims to achieve turnover of Rs. 1500 crore in next 5 years

New Delhi, 23rd December, 2016: One of the fastest growing pipe and water storage solution company, Vectus Industries has set an ambitious target of achieving Rs 1500 crore turnover in the next five years. The company is also in the process of consistently increasing its production capacity to meet the rising demand for its product range. In its next phase of expansion, Vectus is looking at Rajasthan, Gujarat and J&K, among other potential states in the country to settle its manufacturing units.

“We have already kick-started our unit in Jammu where we are successfully producing almost 15 crore liters of water tanks. We are also in the process of starting two new production plants in the current financial year– one in Jaipur (in Rajasthan) and another in Dahej (in Gujrat),” said Mr. Ashish Baheti, Managing Director, Vectus Industries Limited.

Growing at an average growth of 35% annually in the last 8 years, Vectus has successfully achieved Rs 600 crore turnover in the last financial year. “With new innovations in piping and storage solutions, we are eyeing a business turnover of Rs 750 crore by the next year and in the next five years we are looking at growing it further to Rs 1500 crore,”  added Mr. Baheti.

Vectus Industries has been involved in manufacturing of Piping Systems, CPVC Piping Systems, PVC Pressure Piping, Multi-Layer Composite Piping Systems, SWR Piping Systems, Blow Moulded Tanks, Rotational Moulded Tanks, Polyethylene Manholes and various kinds of plastic moulded articles for agricultural and household purposes.