Thursday, Apr 18 2024 | Time 11:13 Hrs(IST)
image
Business EconomyPosted at: Aug 16 2018 9:50PM


Big C eyes at Rs 1500-cr turnover in FY19, foray into TN by next month

Hyderabad, Aug 16 (UNI) Big C (Big Change), a leading Mobile phone retailer, has set a target of
Rs 1500- crore business in this fiscal.

"We are expected to get 50 per cent business growth during the current financial year against 40 per cent (Rs 1015 crore) growth in previous year (2017-18)," Big C founder and CMD M Balu Chowdary told a press conference on the sidelines of unveiling the new brand identity of Big C (new logo), here on Thursday.

He said: "We are entering into Tamil Naidu market by opening 20 outlets next month. Once we stable in Tamil Nadu market, we will expand our footprint in Southern states in a phase manner."

"We have over 225 owned stores at 82 locations in the both Telugu states of Andhra Pradesh and Telangana and as part of massive expansion. We are planning to open 38 more stores in Hyderabad alone in the next 6-months against 63 currently existing," Mr Balu said and added that each store required between Rs 30 lakh to Rs 40 lakh investment.

He said the company which currently has 2,500 employees, catered to 5-crore customers during the last 16 years and 75 per cent customers are repeated customers.

Announcing that they have singed leading actress Samantha as the new brand ambassador, he said 88 per cent business coming on top 6 brands.

To mark this occasion, the Big C offers have been lines up for the customers. Insurance is free on select mobiles and await great offers across the range, he added.
UNI KNR SW 2151
Please log in to get detailed story.
Tags: #Big C eyes at Rs 1500-cr turnover in FY19# foray into TN by next month
More News

17 Apr 2024 | 7:45 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

17 Apr 2024 | 7:31 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..

Premier Energies Photovoltaic Private Ltd secures export order from Amara Raja Infra for Bangladesh project

17 Apr 2024 | 7:23 PM

Kolkata, Apr 17 (UNI) Premier Energies Photovoltaic Private Limited, a wholly owned subsidiary of Premier Energies Limited (PEL), India’s second largest integrated solar cell and solar module manufacturer, has achieved another milestone by securing a 140 megawatt (MW) Solar PV Modules supply export order from Amara Raja Infra Private Limited for an EPC project in Bangladesh.

see more..

ZEE new org structure – Broadcast, Digital, Movies & Music key Biz verticles

17 Apr 2024 | 6:00 PM

New Delhi, Apr 17 (UNI) A day after withdrawing merger implementation application from NCLT, ZEE Entertainment on Wednesday announced new structure for the organization across 4 key business areas – Broadcast, Digital, Movies and Music with a view to enhance performance and profitability.

see more..

PHD Chamber identifies 10 key enablers for India to become Viksit Bharat by 2047

17 Apr 2024 | 5:01 PM

New Delhi, Apr 17 (UNI) Industry body PHD Chamber of Commerce and Industry has identified 10 key enablers including ease of doing business, reducing cost of doing business such as cost of capital, power, logistics, land among others, that would lead the Indian economy to “Viksit Bharat by 2047”
Releasing a blueprint for “Viksit Bharat by 2047”, the PHDCCI said the Indian economy is displaying robust growth post Covid pandemic despite continued global headwinds. India’s economy will become USD 34.7 trillion by 2047 with per capita income of USD 21000.

see more..
image