Hansgrohe India Revenue Target: 150M Euro

Mumbai, May 25 (PTI) German plumbing material major Hansgrohe views India as a strategic market and aims to increase its revenues from here to 150 million euro in "near term", a senior official has said.

Its global chief financial officer Martial Gil, however, declined to share the present revenue figure or specify by which year it will meet the 150 million euro target.

It does not intend to invest in the country on the manufacturing front even as it sees a higher revenue growth, he said, adding that the present global manufacturing network supports a broad portfolio of bathroom and kitchen solutions.



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* TP-Link India begins Wi-Fi 7 production in India




TP-Link India on Monday announced that it has started manufacturing its Wi-Fi 7 product portfolio in the country.

It claimed to have become the first global networking brand to localise Wi-Fi 7 production following the Department of Telecommunications' January 2026 notification delicensing the lower 6 GHz spectrum band, according to a statement.




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* IHCL opens 75-key Ginger Hyderabad, Genome Valley



Indian Hotels Company (IHCL) on Monday announced the opening of 75-room Ginger Hyderabad, Genome Valley in partnership with Madison.


"The midscale segment continues to see strong demand, driven by the evolving needs of corporate travellers seeking efficient, accessible and contemporary hospitality offerings.

"The opening of Ginger Hyderabad, Genome Valley strengthens our presence in a high-growth micro-market and reflects our continued focus on expanding the brand across key commercial corridors," IHCL Executive Vice President - New Businesses and Hotel Openings, Deepika Rao, said in a statement.


IHCL has signed an agreement with Madison, the hospitality platform of Terminus Group and JV Ventures, to develop 10 Ginger hotels across southern India under an operating lease model.


"This opening is the first of the 10 Ginger hotels to be developed in southern India under the framework agreement," Terminus Group CMD S P Reddy added.