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Article: India: Biyani sees 5-fold rise in Aadhaar revenues.
- Article from:
- TendersInfo
- Article date:
- June 19, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Kishore Biyani's Future Group is expecting a revenue of Rs 400 crore (USD93mn) by 2010 from its rural retail venture Aadhaar nearly five times more than what it earned in FY08. The group is also planning to set up 15 Aadhaar stores this year and 50 stores next year, taking the total number to 130 from 65 now. The group plans to invest nearly Rs 30 crore (USD7mn) for expansion. Aadhaar's new stores and fresh categories are expected to bring higher revenues for the group, which is expecting Rs 30,000 crore (USD7bn) from its retail ventures such as Big Bazaar, Pantaloon among others by 2011.
"We have increased productivity of the venture and ...
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Article: Future Group to expand business in rural markets.
PTI - The Press Trust of India Ltd.;
March 18, 2008 ;
490 words
...Future Group to expand business in rural ... rural markets as well," Future Group CEO Kishore Biyani told ... s rural initiative--Aadhaar. With its latest plans to focus on the rural side, the Future Group looks set to join the bandwagon ...
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