Kothari Industrial Corporation lines up expansion plans across segments: MD

Armed with a new promoter on board, the diversified conglomerate Kothari Industrial Corporation Ltd has drawn up aggressive expansion plans across various segments, a top official said.

The company would focus on footwear, fertilisers, food, drone technology, synthetic textiles, solar in the coming years, creating huge job opportunities, Vice- Chairman and Managing Director J Rafiq Ahmed said here.

Detailing his vision plan for the city based group at an interaction, Ahmed who became the Vice Chairman and Managing Director in 2018, said he became an investor in 2014 after being into the steel business.

Ahmed currently has a 47.08 per cent stake in the entity. After the completion of the open offer on equity shares, his holding in the group could go up to 73.07 per cent.

After getting delisted from the stock exchanges in 2000, the company got relisted recently.

Elaborating about the plans for the company, Ahmed said, "We are going to grow very aggressively. The old glory that Kotha