Vishal Retail is planning to raise
Rs.3,000 crore over the next three years to open hundreds of stores, start a
logistics subsidiary and enter wholesale retailing later by 2008.
It will expand through franchisee
model and will open specialty stores including consumer durables, mobile phones,
toys and gaming. It is also looking at the cash-and-carry model.
Vishal also plans to add about 10 million
sq.ft by March 2011 in setting up about 500 supermarkets to hypermarkets. It
currently runs more than 100 supermarkets to hypermarkets spanning around 2
million sq.ft in 69 cities from Jammu to Jaipur.
Also See:
Vishal Retail
signs pact with HPCL (19-Mar-08)