Exhicon Announces 5-Year Growth Strategy: Expanding Multipurpose Venue Segment & Tier 2 City Focus
Exhicon Events Media Solutions Limited, a leading player in the Exhibitions, Conferences, and Events industry, has unveiled a comprehensive 5-year strategic vision. The company plans to solidify its position as an industry leader through aggressive expansion, strategic investments, and an enhanced focus on venue management. The growth is anchored by expanding the multipurpose venue segment and strategic expansion in Tier 2 cities. The company aims to establish over 15 multi-event venues in Tier 2 cities, including Pune, Indore, Chittorgarh, Himachal Pradesh, Vasai, Uttar Pradesh, Madhya Pradesh, and Meerut. In Pune, Exhicon is developing the city's largest convention and exhibition center, which is set to be the 2nd venue in the city. The venue will feature cutting-edge amenities, a strategic location, and a capacity to host events for 500 to 50,000 attendees.
Key Highlights
- Exhicon to expand its footprint across India, particularly in Tier 2 cities.
- Plans to establish over 15 multi-event venues in Tier 2 cities like Indore, Chittorgarh, Himachal Pradesh, Vasai, Uttar Pradesh, Madhya Pradesh, and Meerut.
- Developing Pune's largest convention and exhibition center with a capacity to host 500 to 50,000 attendees.
- The new venue in Pune will include 25 lodge rooms and Exhicon will now retain 60% of revenue.
- A major Bajaj event is planned for November 2024 at the new venue in Pune.