Vermeeren India plans Rs 100 crore expansion

Vermeeren India plans Rs 100 crore expansion


Syed Riaz Kader, MD of Vermeeren India Rehab Pvt Ltd, said that they have expanded their facility four times in the last eight years. With the new product line, the company is eyeing Malaysia and Singapore to increase sales.

Syed Riaz Kader, MD of Vermeeren India Rehab Pvt Ltd, said that they have expanded their facility four times in the last eight years. With the new product line, the company is eyeing Malaysia and Singapore to increase sales.

Belgian wheelchair manufacturer Vermeiren India Rehab Pvt Ltd has launched a Rs 100-crore expansion-cum-diversification project at its Sri City SEZ unit, a top official said.

“This is our fourth expansion in eight years,” company MD Syed Riaz Qadir said in a conversation.

He said the company will more than double its monthly production capacity of wheelchairs and commode chairs from 18,000 to 50,000. In addition, it will expand its portfolio with walkers, rollators and patient beds.

He said, “Initially we said we could make one lakh wheel chairs annually. We are making more than two lakh and the plan is to make six lakh units annually. Four more types of commode chairs will be made, taking the total number to six.”

Starting with a 9-acre facility in 2016, the firm added another eight acres two years ago and another 15 acres recently. 70% of the expansion cost will be funded by the parent firm and the rest through borrowings.

“We have started producing wheelchairs with eight lines and 10 more lines will be added. The new lines will become operational from December 2025,” he said.

Walkers, rollators and patient beds will be manufactured from May 2025, Mr Kader said, adding that they plan to produce 1,000 patient beds per month and 5,000 units of walkers and rollators collectively.

Regarding exports, he said that 95% of the exports go to European countries, West Asia, Australia and New Zealand. Singapore and Malaysia will also be included in this soon.

Vermeeren plans to increase sales volumes and is looking for partners. The company's FY24 revenue stood at ₹180 crore, compared to ₹115 crore in the same period last year.


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