Palakkad | India | December 8, 2010 |
India’s Bharat Earth Movers Ltd. (BEML) has accepted the help of a premier Indian business school in an attempt to meet the goal of doubling its sales by 2017. V.R.S. Natarajan, chairman and managing director, recently told a group of journalists at BEML’s new facility in Kanjikode, near Palakkad in Kerala, that the company hopes to achieve Rs 10,000 crore ($2.2 billion) in sales with the assistance of the Indian Institute of Management-Bangalore (IIM-B). “The Strategic Management Group of IIM-B will look into company affairs from a 360-degree angle and give its findings by March 31, 2011,” Natarajan says. The Palakkad facility opened in May, and within seven months reported profits of Rs 100 crore.