WIPRO UNZA TARGETS RM1B REVENUE

Optimism driven mainly by healthy demand for halal personal care products globally, says CEO

WIPRO Unza (M) Sdn Bhd, a personal care products manufacturer, is targeting RM1 billion in revenue within the next five to six years from RM600 million now.

Chief executive officer Sriram Krishnamurthy

said the target would be driven mainly by a healthy demand for halal personal care products globally.

He said the company also believed the halal market would deliver sustainable growth, leveraging the growing Muslim population in Malaysia, Indonesia and the Middle East.

“We launch about 100 products in Malaysia annually, with a combination of 50 new formulas for our personal care products.

“Malaysia is our second-biggest market after India and is also a springboard of innovation for new product development,” he said at a media briefing, here, yesterday.

Sriram said Wipro Unza’s commitment to innovation had been the key to it delivering high-quality products to meet the diverse needs of consumers across Asia.

“We have led the way in halal personal care research and innovation, establishing ourselves as the market leader in the facial skincare market locally.”

Sriram said Malaysia was an important regional hub.

“We invested over RM10 million in establishing Wipro Skin Research and Innovation Centre, which has enabled us to develop about 70 new products annually,” he said.

At the group level, Sriram said the company recorded US$1 billion (RM4.12 billion) in revenue last year, with 15 per cent of that contributed by the Malaysian market.

“We aim to hit US$2 billion by 2022 in terms of global sales. We have grown at a rapid pace in the past 10 years,” he said.