Spacewood Furnishers announces growth plan to reach Rs 1,500 crore revenue by 2029

Spacewood Furnishers, a leading name in modular furniture solutions, has unveiled its strategic growth plan to achieve a revenue milestone of Rs 1,500 crore by 2029. With a strong recovery post-fire and a turnover of Rs 525 crore for fiscal year 2023-24, Spacewood has maintained an impressive year-on-year growth rate of 18-20%. The company now aims to bolster its presence in metro, Tier 2, and Tier 3 cities, while transitioning towards a B2C model and expanding its dealer network and Exclusive Brand Outlets (EBO).

The company has built a strong market presence since inception, as a key partner for leading retail brands like Pepperfry, Amazon, and Flipkart. Now, Spacewood is gearing up for its next phase of growth, focusing on providing accessible, high-quality modular furniture solutions across India.

“Our vision for Spacewood’s future is rooted in our commitment to deliver world-class, consumer-first solutions. With an ambitious growth target of Rs 1,500 crore by 2029, we are focused on expanding our reach to underserved markets, providing high-quality modular furniture that blends innovation, style, and functionality,” said Kirit Joshi, Co-Founder of Spacewood Furnishers. “Our strategy is to make premium, made-in-India products accessible to consumers across the country. We are moving forward with a fresh B2C approach, expanding our dealer network and establishing more EBOs. We aim to position ourselves as market leaders and redefine how furniture solutions are experienced across India.”