<h1>Writing-instruments company forecasts 15-20% CAGR, aims EBITDA improvement, expands capacity, modernisation and global joint ventures</h1> A Kolkata-based writing-instruments company projects 15-20% CAGR over four to five years from current revenue of about Rs 550 crore and EBITDA around 11%, with stated potential to increase operating profitability. The firm reports annual capital expenditure near Rs 20 crore for capacity expansion and modernisation, operates two domestic manufacturing units and is establishing additional joint-venture plants in Gujarat and West Bengal. It holds three foreign joint ventures and a majority stake in an African entity; exports amount to roughly Rs 100 crore to about 50 countries. The Indian industry is described as fragmented and growing 5-6% amid digitalisation pressures.