Bombay Dyeing and Manufacturing Company, the 137-year-old textile manufacturer with 25 company-owned stores and franchises across nine towns in Tamil Nadu has big plans for Tamil Nadu focusing now more on retail business.
The company has a presence in 350 multi-brand textile stores in the State and plans to expand its foot print to 700 multi-brand textile stores in the next four years.
Nagesh Rajanna, Chief Executive Officer, Bombay Dyeing Retail, said that the company plans to expand its distribution network in Tamil Nadu. With Tamil Nadu accounting for about 7 percent of total revenue from textiles, hence a huge market for them. They want to increase it to 10 percent.
The company plans to increase it to 75 stores, which will be a mixture of company-owned and franchise model, across 40 towns in the State, by 2020.
They will also be entering 20 towns through franchises in the next one year. Last fiscal the company registered a revenue of ₹306 crore.
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