Goldmedal to set up a unit in the City of Pearls
With a robust growth of 40 per cent CAGR in FY19, Goldmedal is ready to take things up a notch. And there’s some exciting news to share!
On 8 August 2019, Goldmedal invited members of the press to the Taj Deccan in Hyderabad for a press conference. Journalists from leading publications like The Times of India, The Economic Times, The Hindu, and Andhra Prabha, among others were present. Mr Kishan Jain, Mr Bishan Jain and Mr Praveen Jain addressed the media and made the announcement.
What is the big announcement, you ask?
Goldmedal is about to set up a new manufacturing unit in the Pearl City—Hyderabad. This facility will spread across two acres of land and manufacture fans for Indian and international market. Talking to the media, Kishan Jain, Director, Goldmedal Electricals said, “We are in the processing of finalising land for the plant which will eventually produce 12 lakh fans a year. The initial production will commence in a year, but the plant will be completed in three years.” With this new plant up and running, our goal is not only to expand but also to make a positive difference in the lives of our customers.
The press meeting concluded with lunch and one-on-one interaction with the media. We were happy to see that the news was well received in Telangana and hope our valued customers across India will support us in this new venture!
Stay tuned for more updates!