Ours is a 15 year old Chennai based organisation which is diversified in to manufacturing, trading, organised retail and education domains. We represent many of the marquee brands in every line of business that we are engaged in. The divestment proposal is for our Organised retail division, which is essentially to fund expansion. We already have 8 successfully run stores and have mandate for another 6 stores to be opened in the next year. All our stores are located in the high potential south chenai area and the new stores are also planned there.
We are looking for a partner with aligned thought process who can help us gain further momentum in the exciting journey. Its a separate company and the current topline is around Rs.7 crores per annum. The profit margins are healthy. The stake proposed to be divested is 25-40%.
Please contact us for more details.
stores are located in south Chennai area
Each store has a vantage location with good frontage and parking
Very good. Top line can double every 3 years.
Reason For Selling:
its only a stake divestment..for expansion