Myra Vineyards to double revenue to Rs 17 crore next fiscal

Bengaluru-based Myra Vineyards is targeting to double its revenue to Rs 17 crore during the financial year 2016-17.

"We have grown from Rs 5 crore turnover during FY15 to Rs 8 crore which is a figure we look at for FY16. The next year (2016-17) will have targeted revenue of Rs 17 crore and Rs 38 crore for FY18-19," shared Ajay Shetty, MD, Myra Vineyards.

The company, which has presence in Goa, Karnataka and Maharashtra as well as Hong Kong and London, plans to enter Puducherry and Delhi next year.

"The projected growth is owing to the international markets and also expansion in the domestic sector," he said.

The firm also plans to set up its own plant in Bengaluru with the capacity of one million litres per annum.

Shetty also said its 'unfiltered red wine' labelled Misfit is the first of its kind in India.