1-India Family Mart, which focuses on tier-III and IV towns, aims to have an annual revenue of Rs 2,300 crore in the next five years, on account of new stores. The company, owned by Nysaa Retail, launched 100 stores in Bihar recently. The firm has a plan to raise the number of stores to 350 in the next five years.
1-India Family Mart, which focuses on tier-III and IV towns, aims to have an annual revenue of Rs 2,300 crore in the next five years, on account of new stores. The company, owned by Nysaa Retail, launched 100 stores in Bihar recently. The firm has a plan to raise the number of stores to 350 in the next five years.
1-India Family Mart recorded a revenue of Rs 420 crore in the previous financial year and is further aiming to achieve Rs 2,300 crore revenue in the next five years with an expansion to over 350 stores,” said 1-India Family Mart Founding Director Ravinder Singh.The company is eyeing a revenue of Rs 650 croreRs 700 crore for the current financial year, he added.Its retail stores are spread in small cities of Uttar Pradesh, Bihar, Assam, Madhya Pradesh, West Bengal and Orissa.