Nysaa Retail plans to invest Rs 100 crore for opening 80 stores

The company is targeting a turnover of Rs 1,100 crore by 2020-21.
Sample

Nysaa Retail, operating '1-India Family Mart' retail chain, is looking at investing Rs 100 crore to launch 80 stores. The company is targeting a turnover of Rs 1,100 crore by 2020-21.

Nysaa Retail is operating 80 stores in tier-II and -III cities in eastern and northern India. It expects to close the current fiscal with a revenue of Rs 420 crore. 

JP Shukla, Founder and Chief Executive Officer, 1-India Family Mart, said, "We plan to invest about Rs 100 crore to add 80 new stores by the financial year 2020-21. In the next phase of expansion, we will focus on North East. We are also looking at clocking turnover of Rs 1,100 crore in two years time." 

 
 
 
 
TRENDING ARTICLE
RECOMMENDED FOR YOU