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PM Relocations Earmarks Rs 150 Cr To Expand Business

The company is expecting to double its revenue to over Rs 200 crore in this fiscal

Photo Credit : Reuters

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PM Relocations (PMR), the Gurugram-based global relocation company, has announced plans to invest Rs 150 crore over the next three years to expand its business. Meanwhile, the company is expecting to double its revenue to over Rs 200 crore in the current fiscal, its CEO Aakansha Bhargava said on Saturday. 

Bhargava said the company will invest Rs 150 crore over the next three years to upgrade technology, set up the physical infrastructure and towards marketing and branding purposes. “Expansion will be undertaken using our own fund.  We are not going to raise it from the market,” the CEO said.

In the last 15 years, PMR has helped relocate more than 5,000 households within India and 8,000 families abroad. The company has recently launched new business verticals like relocating commercial and business spaces. It is also planning to enter into end-to-end relocations of pets service.

PMR had posted revenue of Rs 100 crore in 2021-22 financial year.