Viveks to pump in investment

Viveks which began in 1965, today has a turnover of Rs 427 crore and significant presence in Tamil Nadu and Karnataka. With 46 stores at present, it is now on a fast track growth. It plans to invest Rs 50 crore in the next three years for further strengthening its footprint.

B A Kodandarama Setty, CMD of Vivek Ltd says, “In the next three to four years, the company would expand its size to 100 showrooms and Rs 1,200 crore turnover. In the appropriate time, we are also interested in accessing Private Equity (PE) and subsequently we would go for an IPO.”