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Canon launches document management; eyes Rs50 cr

Canon launches document management; eyes Rs50 cr
PTI
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First Published: Tue, Aug 04 2009. 03 10 PM IST
Updated: Tue, Aug 04 2009. 03 10 PM IST
New Delhi: Digital imaging equipment maker Canon India on Tuesday entered the document management services business to tap the enterprise market and said it expects to achieve Rs50 crore worth of revenue from the division by 2010.
“Through our new division called Document Management Consulting Services, we will provide corporate houses and enterprises consultancy and solutions ranging from installing printing devices to managing the entire process of printing more effectively,” Canon India senior vice president, Alok Bharadwaj said.
The company aims at handling 50 crore documents under the service and expects to garner a share of 25% of the estimated Rs150-crore India’s management printing services by 2010.
“Our services will enable corporate houses to save up to 30% of their costs. We will be working on contractual basis, provide them with printing devices and consultancy services and we shall earn on per print,” Bharadwaj said.
“Of the estimated Rs1,500-crore Indian printing and copier market in the enterprise section, the document management services comprises of Rs 150 crore. We expect the market to grow to Rs200 crore by next year. By that time we will able to garner around 25% of it,” he said.
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First Published: Tue, Aug 04 2009. 03 10 PM IST