An estimated 2.5 billion people around the world, the majority in developing countries, have poor vision but no corrective tools. For Essilor, a French eyeglasses company, that’s an opportunity. Through its 2.5 New Vision Generation division, launched in 2013, Essilor has expanded eye-care access to underserved populations in 22 countries, including India and China. By offering no-frills glasses that sell for as little as $6 and finding ways to bring opticians directly to rural populations, Essilor aims to make a small margin on millions of sales. Chief corporate mission officer Jayanth Bhuvaraghan describes 2.5 NVG as a startup that is in its investing phase. By 2018 he expects the division to break even; by 2020 he aims to be helping 20 million people a year see the world clearly.
|Revenues ($ millions)||7,521|
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