 | |
| Industry | Retail |
|---|---|
| Genre | Textile and jewellery stores |
| Founded | 1969 |
| Founder(s) |
|
| Headquarters | , India |
Key people | Ashwin Therazhandur (CEO) |
| Products |
|
| Revenue |  ₹60.16 billion (US$840 million) (2017).[1] |
| ₹15.63 billion (US$220 million) (2017) | |
Number of employees | 10,000 |
| Parent | Saravana Stores Enterprise |
| Subsidiaries |
|
| Website | saravanastores |
Saravana Stores, founded in 1969, is a chain of retail stores in India. It is the largest family owned business retail chain in India.[2][3] According to Kishore Biyani of Big Bazaar, it is India's No.1 retail store in one locality.[4]
Locations
Saravana Stores operates seven stores in Chennai, at T Nagar, Purasawalkam, Chrompet, Porur, Padi, Sholinganallur and Usman Road. The company has mega stores in Madurai, Tirunelveli and Coimbatore. The company is growing rapidly and plans to open stores in Mumbai, Delhi and Bangalore.[5] The company also operates the Saravana Selvarathinam stores, in Tirunelveli and Madurai.
Revenue
In 2008, the company reported an annual turnover of about ₹6.50 billion (200 million US dollars).[1][6][7]
Foray into 100% milk based ice cream
In 2004, Saravana Stores Group launched a new ice cream brand named Jamaai. It is a 100% milk based ice-cream brand made in Chennai and sold across Tamil Nadu. It has a capacity of 10,000-litres per day ice cream production and expected to expand to 30,000 litres per day.[1]
Fire
On 2 September 2008, a fire inside the building led to death of two of its employees and damages worth Crores of rupees. Unauthorized construction and ignoring safety measures are believed to be the reason.[8][9] [10]
See also
References
- ↑ 1.0 1.1 1.2 "Saravana Stores steps into the ice-cream parlour where". The Hindu Businessline. 17 August 2004.
- ↑ "'We will all be slaves to MNCs,' says Saravana Stores founder"
- ↑ "India's Retail Store Wars- Google Books"
- ↑ [1]
- ↑ "Big retail brands skipping profitable markets?"
- ↑ "UNSUNG HEROES OF INDIAN RETAILING"
- ↑ "Total Turnover"
- ↑ "Blaze exposes fire hazards in T Nagar". Times of India. 2 September 2008.
- ↑ "Demolition of unsafe Saravana Stores floors begins it was also sealed". The Hindu. 20 November 2008. Archived from the original on 28 July 2009.
- ↑ "Saravana fire and the Tamil apathy". Chennai Television. 5 September 2008.
External links
- Stores website
- Retail:What's in store? India Today article
- Facebook Page of SARAVANA STORES