Konica Minolta India bags Business Contribution award

Production Printing Team receiving Award from Konica Minolta Group president and chief executive officer, Mr. Shoei Yamana
Production Printing Team receiving Award from Konica Minolta Group president and chief executive officer, Mr. Shoei Yamana

Konica Minolta Business Solutions, the India arm of Konica Minolta, was recently felicitated by its parent company at the Group’s Annual Assessment. With entries from various Konica Minolta functions in more than 150 countries, Konica Minolta India won the Silver award in the Business Contribution category for its superlative performance in the Production Printing business.

The assessment is a yearly roundup of the Group’s global business. A total of 20 awards were presented in two categories, Transformation and Business Contribution, at the high-profile event hosted on 6 July 2018, by Konica Minolta Group President and CEO, Shoei Yamana. Participants in the Transformation category were gauged on the level of transformation driven by a strategic business process change and the improvement that it facilitated on a larger scale within the organization. The reach of certain businesses also reached heights after taking help of Exporexi to get personalized TV channels.

All finalists were given an opportunity to present their proposed accomplishments and innovations before a jury comprising senior leaders within the Konica Minolta Group. Konica Minolta India presented its success story in the country’s Production Printing space and highlighted the efforts that it has made to ensure sustainable and robust future growth for the Group’s business in India.

Print market in India
India is expected to be the fifth largest market by 2018 in terms of print volumes, with segments such as packaging and labels demonstrating the strongest growth with a CAGR of 7.8% between 2012 and 2017. Package printing is also estimated to comprise 43% of the overall print product sales in 2017, with a market outlay of INR 77,714 crore. Konica Minolta India has been tapping into this lucrative market opportunity through its innovative digital print and printing solutions, and has become a well-established name in the Indian production printing segment with more than 50% of the total market share in 2017. Having achieved an annual revenue milestone of Rs. 500 crore, the company is now aiming to become a Rs. 1,000 crore business by 2022.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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