Saravana Stores

From Wikipedia, the free encyclopedia

Saravana Stores
IndustryRetail
GenreTextile and jewellery stores
Founded1969
Founder
  • Shanmuga Sundaram Nadar
  • S. Yogarathinam Nadar
  • S. Rajarathinam Nadar
  • S. Selvarathinam Nadar
Headquarters
Chennai, Tamil Nadu
,
India
Key people
Ashwin Therazhandur (CEO)
Products
  • Textiles
  • Readymades
  • Silk Sarees
  • Jewellery
  • Electronics
  • Groceries
  • Stationary
  • Gadgets
  • Cutlery
  • Footwear
  • Food
RevenueIncrease ₹60.16 billion (US$800 million) (2017).[1]
Increase ₹15.63 billion (US$210 million) (2017)
Number of employees
10,000
ParentSaravana Stores Enterprise
Subsidiaries
  • Super Saravana Stores
  • Legend New Saravana Stores
  • Saravana Stores Crown Mall
  • Saravana Selvarathinam etc.
Websitesaravanastores.com

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, Chromepet, Porur, Padi, Sholinganallur, and Usman Road. The company has mega stores in Madurai, Tirunelveli and Coimbatore. The company is growing rapidly and has plans to open stores in Mumbai, Delhi, and Bangalore The Legend New saravana stores is on construction at chromepet It will be launched on October 2022.[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 {Ref (http://jamaaiicecream.com/)}, a 100% milk based ice-cream brand. The factory is located at Padappai, a suburb of Chennai en route Sriperumbudur 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]

Super Saravana Store automated car parking

Fire incident[]

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. ^ a b c "Saravana Stores steps into the ice-cream parlour where". The Hindu Businessline. 17 August 2004.
  2. ^ "'We will all be slaves to MNCs,' says Saravana Stores founder"
  3. ^ "India's Retail Store Wars- Google Books"
  4. ^ "Retail - What's in store?".
  5. ^ "Big retail brands skipping profitable markets?"
  6. ^ "UNSUNG HEROES OF INDIAN RETAILING"
  7. ^ "Total Turnover"
  8. ^ "Blaze exposes fire hazards in T Nagar". Times of India. 2 September 2008.
  9. ^ "Demolition of unsafe Saravana Stores floors begins it was also sealed". The Hindu. 20 November 2008. Archived from the original on 28 July 2009.
  10. ^ "Saravana fire and the Tamil apathy". Chennai Television. 5 September 2008.

Saravanan Store Open in Coimbatore 2015 ..... First Owner Nithish kumar

External links[]

Retrieved from ""