India’s Little-Known Billion Dollar FirmNovember 12, 2010 12:44 am
In the small state of Kerala, India, there is a firm that makes more than a billion dollars in revenue every year. And it is a growth industry: double digit growth for the past five years. Solid margins as well: 82 percent – yes, 82 percent. Which firm is this? Read On.
Kerala State Beverages Corporation (Bevco), the State’s liquor retail monopoly, has sold liquor worth Rs.5,540 crore (1.2 Billion USD) and this year it hopes this figure will go beyond Rs.6,500 crore (1.5 Billion USD). This year, the rise in turnover is likely to hit 20 per cent.
No other public-sector enterprise in the State rakes in as much money as Bevco.
Source for Statistics: The Hindu