Bharti Retail to expand retail stores from 70 to 200 by 2010
12 Dec 2009
Bharti Retail - a wholly owned subsidiary of Bharti Enterprises aims to cross the Rs1,000-crore turnover mark by December 2011 when it completes three years.
It said yesterday that it would expand the number of its retail stores from 70 at present to 200 by end 2010.
The company has a strong presence in north India, and now plans to expand operations in the south or the west, according to Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises. He was speaking on the sidelines of a Federation of Indian Chambers of Commerce and Industry(FICCI) seminar in Kolkata on Friday.
He said that company's target is to have 200 stores by December 2010, most of which would be Easyday stores with 8-10 cash and carry ones.
He added that from January 2011 the company would expand its footprint to another zone either in the south or the west.
Bharti, however, declined to disclose the investment for the first three years.