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Sentini Group to foray into retail segment

Monday, 19 Aug 2019

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Sentini Group, a manufacturing conglomerate is set to move into the retail segment with mall developments. The company plans to invest upto Rs 500 crore in the next four years to build five-six malls in the southern states.

The Hyderabad-based Group has one mall in Vijayawada, Andhra Pradesh. The company is going to commission in September 2019, a CPVC pipe manufacturing plant worth Rs 240 crore with a capacity of 20,000 tpa in Nellore district.

On the expansion front, growth will be seen in transport, IT and Infra projects. The company is a leader in manufacture of fire tenders (trucks). It produces 900-1,000 trucks at the Hyderabad unit and supplies to most of the states. The company has firmed up plans to double its turnover to Rs 4,000 crore by 2024.

So far it has made Rs 1,000 crore investments. Sentini has executed two residential projects in Bengaluru and more are in the pipeline.