Friday, Dec 3 2021 | Time 02:59 Hrs(IST)
Business Economy

Big C targets Rs 2,000 cr turnover by 2023-24, plans to set up 250 more stores

Hyderabad, Sep 24 (UNI) Big C, a leading mobile retail chain, has set a target of achieving Rs 2,000 crore turnover by 2023-24 and plans to set up to 250 more stores in next two years with an investment of over Rs 100 crore.
With over 250 stores in Telangana, Andhra Pradesh and Tamil Nadu catering to the needs of the loyal customer base of over three crores, we are planning to foray into the Karnataka market next year, Big C's Founder, Chairman and Managing Director M. Balu Chowdary told reporters here on Friday.
The company will achieve Rs 1,500 crore turnover in the fiscal, he said out of 250 stores planned for next 2-years, 100 stores will be in next year focusing on Tier 4 and Tier 5 locations and all the stores are owned by the company.
Currently, we have 105 stores alone in Telangana and each store will require Rs 50 lakh investment, he said.
Launched its first store in Vijayawada in 2002 , Big C currently has a strength of over 2000 and it will be more than doubled by next two years, he informed.
Mr Chowdary said the company sells mobile phones of all leading brands and now has smart televisions, laptops, smart watches and accessories.
The Big C Founder said their offline model was still relevant as there was hardly any difference between the online and offline price.
Big C has a presence in all towns with a population of over 30,000, he informed..
Big C has now signed up Super Star Mahesh Babu as its brand ambassador and for the first time in the brand’s 19 year history, we have a superstar as a brand ambassador, he added.
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