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CyberPower Systems, a Taiwan-based power back-up solutions provider that has recently entered the Indian market, today said it aims for revenue of Rs 100 crore this year.
“We aim to generate revenue of Rs 100 crore this year; .....our target is to generate 30 per cent of market share in UPS segment, 30 per cent in inverter segment and 40 per cent in accessories segment during the next couple of years,” CyberPower Systems India Managing Director Arun Ghosh said.
Stating that company has plans to invest Rs 50 crore over a period of time in India, depending on the progress, he said “investment is not an issue, if it requires more.”
CyberPower’s products include UPS, inverters, rake power distribution units as well as mobile and car chargers.
The company said it is developing dealer networks across all regions and aims to achieve leadership position in providing power solutions across the Indian market.
Headquartered in Mumbai, CyberPower System India is a wholly-owned subsidiary of CyberPower Systems of Taiwan, and has warehouses at Mumbai and Kolkata.
To a question on setting up a manufacturing facility in India, Ghosh said: “Policies of the government are not conducive for manufacturing at the moment; also supply chain is not conducive.”
“Maybe, once the situation improves we will have to think about it, as we want to be among the top three in two years time,” he added.
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