Gurgaon headquartered Guardian Lifecare, the medicine retail chain, proposes
to increase the number of its stores to 400 over the next two years with an
investment of Rs 100 crore. The investment is likely to be funded partly through
internal accruals and private equity investment.
Currently, the company has 200 stores across 26 cities in India, with average
store size of around 700 sq ft. It is present in metros and some tier II cities.
As part of the plan, the company is expected to expand to five-six more tier II
cities in the next two years.