Eveready Industries India (EIIL) has come in arena again for acquiring an Rs 200-crore domestic FMCG Company in India. The buyout is expected to be completed within next financial year for which a team of executives have been constituted. EIIL has also expedited its efforts for increasing its business turnover to Rs 2,000 crore within three years.

Mr. Deepak Khaitan, Executive Vice-chairman and Managing Director of EIIL, told, "We had acquired an 80% stake in France's rechargeable battery maker Uniross SA in May 2009. Finance isn't a problem and we are confident of wrapping up a deal within six weeks once a target company is identified."

Mr. Khaitan hoped stunning performance by its lighting and home light businesses which would be a major driver of future growth. The firm, which sells 3 million pieces of bulbs in the country, will emphasize for pushing sales of D size batteries.

Earlier, the firm earned good revenue by selling its LED (light emitting diode) lanterns and flashlights, especially, in rural areas. It now plans to outsource bulbs and LED lanterns and flashlights in South East Asia and South Africa.