''We have crossed Rs 250 crore revenue. We are targeting to cross Rs 400 crore revenue and invest Rs 500 crore in the next one year,'' Microtek International Deputy Managing Director Saurabh Gupta said.

As per industry estimates, the domestic electrical equipment market is expected to grow at an annual rate of 12 per cent to reach around 5.4 lakh crore by 2025, he added. ''So, there is an immense potential in the market, which Microtek as an Indian company is very keen to tap,'' Gupta said.

The company at present is engaged in the manufacturing of power inverters, solar solutions, electric vehicle chargers, wires and cables etc. ''We will be using this investment in R&D and manufacturing as we want to ensure that the quality of our products remains world-class and our products are durable besides helping in saving electricity cost,'' Gupta said.

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