Guardian to invest Rs 150 cr in 3 years

Aiming to increase footprints in the retail secto

Aiming to increase footprints in the retail sector, Guardian Lifecare has planned a roadmap to double its retail outlets in the next three years earmarking an investment of Rs 150 cr.
The company has plans to add around 50-75 pharmacies at an investment of Rs 50 crores per year.
At present the Gurgaon-based firm has 230 company-owned retail  outlets and 15 franchises. As part of its expansion plan, the company would also be opening nearly 30-40 franchises annually for the next three years.
The main areas of interest would be north India to begin with and then Mumbai and Pune.
At present, the company operates in 20 cities and claims to serve nearly 7.5 million customers annually. The retail chain also sells wellness and beauty products. It has standalone shops as well as presence in hospitals.