Printer-maker Epson India is aiming to double its revenue in the next three years at around Rs 3,800 crore, a top company official has said.

Part of the Japanese major Seiko Epson Corporation, Epson India was started in 2000 and had a turnover of Rs 1,896 crore in FY18.

Its growth has been led by its flagship inkjet printers, contributing 44 per cent of the topline.

We aim to maintain a 15 percent growth. Our aim is to double the revenue over the next three years, Epson India president and chief executive (CEO) N Sambamoorthy said.

The revenue mix between business to business and business to consumer is equal, he said, adding revenue from smaller towns is alone around 30-35 percent while online sales contribute 10 percent of the volume.

India contributes around 3 percent to the global revenue of the group but its growth rate is very high compared to other markets, Koichi Kubota, chief operating officer for printing solutions operations division at Seiko Epson Corporation said.

Last year the group turnover was $10.3 billion, of which printing solutions contributed as much as 70 per cent, he added.

The company, which is focusing only on the inkjet printer market in the country, has a market share of 25 per cent in a 3.3 million units market.

In the colour printer market, its share is 46 per cent and plans to ramp it up to 50 per cent over next three years, while in the monochrome printer market, it aims to massively increase the market share to 2-025 per cent over the next three years, from the present eight per cent

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