Japanese major Kokuyo , which acquired furniture maker HNI India earlier this year, will tap segments such as residential real estate, lifestyle and education to grow its presence in the domestic market, Masahiro Fukui, managing officer of the firm’s global workplace division, said in a conversation with FE.

The plan is to grow India revenue over three-fold in five years, Fukui said, for which the company may look at further acquisitions to fill portfolio gaps. Kokuyo has completed the rebranding of HNI India, its second acquisition in the country, to Kokuyo Workplace India (Kokuyo India). Kokuyo India has an annual revenue of Rs 250 crore, growing at 15-20% per annum.

Kokuyo’s first acquisition is that of stationery maker Camlin from the Mumbai-based Dandekar family, which was done in

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