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Watertec plans big expansion in FY22
March 04, 2021
Bantwal Ramesh Baliga, CEO, Watertec×
Coimbatore-based plumbing and bathroom solutions provider to set up 3 manufacturing units, 24 retail showrooms
Watertec, a Coimbatore-based end-to-end plumbing & bathroom solutions provider, is planning to set up three new manufacturing units and 24 retail showrooms across the country in FY22 to aggressively focus on the mass housing segment in metro, Tier 1 and 2 cities.
“In FY22, we are planning to invest about ₹65 crore of capex to set up a new plant in Gujarat and Odisha. We have already spent ₹28 crore in FY21 to set up a new plant in Coimbatore,” Bantwal Ramesh Baliga, CEO, Watertec, told
Watertec India Pvt Ltd, a manufacturer of bath fittings and accessories, is planning to invest around Rs 60-70 crore to set up facilities in various parts of the country. The new facilities will help the company achieve its Rs 1400 crore revenue target by the end of FY24. Bantwal Ramesh Baliga, CEO, Watertec, said that the company is planning to invest in the development of three more plants in the year 2021-2022 in Gujarat, Odisha and Coimbatore (Tamil Nadu). It also has plans to invest in its 24 showrooms that will focus on educating the customers about the company’s product offerings rather than just product promotion.