First Indian President of Epson India Appointed

Originally written and published at business-standard.com
Samba Moorthy appointed first Indian President of Epson India

business-standard.com reports, electronics giant Epson India has appointed Samba Moorthy (pictured) as its new President — the first Indian to hold the post for the Japan-headquartered company in the country.
Moorthy replaces Toshiyuki Kasai, who is retiring as India President after six years at the helm.
“It is an honor to lead Epson India. I’ve been here for over 20 years and the most important thing is the structural progress that we are making — from a single product to multiple offerings. I’m sure the team would continue to excel in the performance,” Moorthy said.
According to Kasai, Epson India has been growing exponentially and reached a turnover of nearly Rs 1,664 crore (US$ 255 million) in the financial year 2017.
Moorthy, who was until now Vice President, Sales and Marketing at the company, joined Epson India in 1996 and grew through the ranks to head the company in the country.
According to International Data Corporation (IDC), Epson secured the top spot in the Inkjet printer market (by volume and value) for the calendar year 2017 in India.
The company captured 42 percent of the Inkjet market by volume and 54 percent in value, while HP followed with a volume market share of 40 per cent and value share of 32 percent.
Epson sold 705,656 inkjet printers in the calendar year 2017 to lead the market.