Euronics, a public washroom automation company, plans to double its turnover to Rs 400 crore by 2025-26. This goal is supported by a new manufacturing plant in Gurugram, which will fulfill 50% of its orders. The company has invested Rs 100 crore in the Gurugram plant, which will produce 2 lakh units annually and will start operations this month.
“In the last financial year, our turnover was around Rs 200 crore. This year, we expect it to be between Rs 280 crore and Rs 290 crore, and we aim for Rs 400 crore by FY25-26,” said Viknesh Jain, MD & CEO of Euronics.
Established in 2002, Euronics is a key player in India’s public and commercial washroom sector, benefiting from the growth in public infrastructure, commercial real estate, and retail sectors.
Initially focused on the private sector, Euronics has expanded to government projects over the past six to seven years. Recent projects include washroom automation for Ram Mandir in Ayodhya, Yashobhoomi (India International Convention & Expo Center), the New Parliament Building, and various airports and smart city projects.
The new Gurugram plant will create around 200 jobs and help the company produce 50-60% of its products in-house, with a target to increase this to 80% by next year.
Euronics has other plants in Jamnagar, Greater Noida, and Bhiwadi. Jain is optimistic about meeting India’s washroom automation needs with fully domestically manufactured accessories within the next three years.
