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1India Family Mart by Ms. Sabita Das APS dy SP HQ NagaonDelhi-based Nysaa Retail Pvt. Ltd, which operates a chain of ‘Value Retail’ stores under the brand name ‘1-India Family Mart’ across Tier 2 & 3 cities in Eastern and Northern India will invest Rs 200 crore to open 100 stores in the next two financial years.

“Value retail has long been associated with consumers having to compromise in terms of the shopping experience, ambiance and customer service. 1-India Family Mart wants to change this perception. The plan is to expand and accumulate about 12 lakh sq. ft. of retail space by 2020 from the present 4.25 lakh sq. ft. Following the opening of the new stores, we expect to record net revenue of about Rs 750 crore in 2019, which will further increase to Rs 900 - 1,000 crore by 2020,” said Jay Prakash Shukla, founder & Chief Executive Office of 1-India Family Mart.

About 50 per cent of the total investment required would be raked in through internal accruals and the remaining through debt. Nysaa Retail Pvt. Ltd has recorded more than 60% growth over the previous fiscal, with net sales rising to Rs 235 crore as against Rs 147.5 the previous fiscal year. Earlier this year, Nysaa raised Rs. 42.5 crore from private equity firm Carpediem Advisors Pvt. Ltd in the company’s first and only external funding round since it was founded in 2012.

Currently the company has stores across Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh and the North East and will touch a top line of Rs. 750 Cr in net revenue by 2019. More stores have translated into significantly higher revenue, which has grown at a steady clip and 1-India Family Mart has been profitable for three years running.

In line with its aggressive expansion plans, Nysaa recently launched a new store in Kasiya, Uttar Pradesh as also its first store in Nagaon, Assam, taking its store count to 59.

“There is an increasing demand for affordable fresh fashion in an organised retail format amongst the aspirational class in India, which has motivated us to extend & strengthen our brand presence in Eastern India & Uttar Pradesh,” said Ravinder Singh, Co-founder & COO, 1-India Family Mart.

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1 India Family Mart Raigarh Store Opening by Mr. D.KDelhi-based Nysaa Retail Pvt. Ltd, which operates a chain of affordable fashion stores under the brand name ‘1-India Family Mart’ across Eastern and Northern parts of India, announced the launch of its first store in Raigarh, Chattisgarh. The store will be a one-stop-shop for innovative and affordable fresh fashion apparel and general merchandise.

The store was inaugurated by D K Saraogi, Director, Jindal Steel & Power Ltd.

Speaking at the inauguration, Ravinder Singh, Co-founder & COO, 1-India Family Mart said, “There is an increasing demand for affordable fresh fashion in an organised retail format amongst the aspirational class in India, which has motivated us to extend and strengthen our brand presence further. The aspirational segment in the Tier II & III cities has shown a high desirability to keep up-to-date with the latest trends in style and fashionable merchandise and 1-India Family Mart takes pride in being able to cater to our customer’s requirement."

Last year, the company raised a sum of USD 6.5 million from Carpediem Capital. 1-India Family Mart plans to utilize the funds towards expansion and strengthening technology & capabilities.

Nysaa Retail Private Limited, the holding company of 1-India Family Mart was established in 2012 and began operations in 2013 with the first store in UP. Soon, it expanded operations to Bihar, Jharkhand, Chhattisgarh, and North East. Today, 1-India Family Mart has 54 stores across East and North of India.

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v mart store jammuFashion retail chain V-Mart, which is known for taking organized retail to tier-II & III cities opened its first store in Jammu, the winter capital of J&K, taking the number of stores in the state to four. Spread over 9,300 sq ft, it promises to fulfil the fashion needs of an entire family under one roof at best prices.

“We are thrilled to announce our store launch in Jammu, J&K,” Chairman & Managing, Director, V-Mart Retail Ltd, Lalit Agarwal said. “After getting a very good response from our existing stores in Srinagar, Udhampur and Kathua, we are proud to launch our 1st fully air conditioned fashion store in Jammu. We look forward to staying true to our promise of offering the latest and the widest fashion range at unmatched prices.” He added that the company plans to launch more stores in the state.

V-Mart is dedicated to providing price less fashion to consumers in Tier-II and Tier-III cities, with little or no penetration of modern retail. “We are sure that the new store will also prove to be a milestone in our endeavor to take fashion to the nooks and corner of the country providing customers true value for their money which has helped V-Mart to build the relationship with millions of families across the country,” said Snehal Shah, Sr. Vice-President, Marketing & Operations, V-Mart Retail Ltd.

Jammu is a fastest growing city with high awareness about fashion and latest trends. Consumers in the city are looking for an organized fashion store which can provide the elusive combination of best quality fashion at best prices. It is this very gap that V-Mart wishes to fill and meet the consumers demand.

COO V MART RETAIL LTDIn another development at the company, the board of directors at V-Mart Retail Ltd. announced the appointment of Samir Misra as its Chief Operating Officer. He will be responsible for spearheading the development and execution of long-term strategies with the goal of increasing shareholder value.

He has 15 years of multi-faceted industry experience with some of the country’s leading retailers and brings with him deep understanding of the Indian consumer mind-set, subject knowledge in product differentiation and innovation & savoir-faire of rapid business scale up and expansion.

In his last assignment he has helmed leadership roles at Aditya Birla Group for brands like Pantaloons & The Collective.

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Korum Mall AwardKorum Mall, based in Thane, a suburb of Mumbai, has been awarded ‘The Golden Globe Tigers Award’ for ‘Excellence and Leadership’ in Shopping Mall Management in the Marketing & Consumer Promotions category. The Golden Globe Tigers Awards recognizes leaders in marketing, branding, CSR & social innovation, education & academics in individuals and organisations. It recognises the efforts of a gamut of multifunctional entities spanning across segments and is highly industry focused. The award ceremony took place at Pullman Kuala Lumpur City Centre on Monday, 23rd April, 2018.

This is Korum Mall’s 56th award across various categories since its inception in 2009, following last year’s “The Most Admired Marketing Campaign of the Year” award for its ‘Denim Fest’ campaign at the CMO Asia Shopping Malls Excellence Awards in Singapore.

“We feel honoured to receive recognition across national and international platforms including The Golden Globe Tigers Award, and this has further motivated us to surpass our self-set benchmarks in providing our esteemed patrons with unique and memorable experiences through our well planned marketing initiatives. We look forward to actively engage our patrons with pre-eminent activities and innovative campaigns,” said a Korum Mall spokesperson

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The Seawoods Grand Central (SGC) Mall, located at Navi Mumbai, plans to unveil phase-II of SGC Mall by early 2019 and has set a target to increase its footfalls to 10 lakh per month by 2020.

Under phase-II, which is being constructed above Seawoods Darave station, 30 retail stores will be added to the existing 300 stores. Among the key attractions to be added under the new phase are the largest multiplex in Navi Mumbai and a huge family entertainment center of international standards. The second phase will also consist of a number of well-known restaurants, cafes and other hospitality brands.

The shopping mall, which has already created 3,000 jobs for the locals of Navi Mumbai in its very first year, is confident of providing more such opportunities when its second phase becomes operational. Identifying local talent and giving them opportunity has always been a priority at SGC Mall and the mall aims to continue the same going forward.

seawoods grand

“Seawoods Grand Central Mall was set up with a specific goal — to transform the mall experience for the people of Navi Mumbai and offer unique and world class shopping and entertainment options to all our visitors. Going forward, we will continue to raise the bar and provide our valued customers with the best of options and widest of choices across all our business segments including retail, entertainment and hospitality,” said the mall’s centre head Nilesh Singh.

Seawoods Grand Central (SGC) Mall, located at Navi Mumbai, is a part of Nexus Group of Malls. Nexus Malls is a fully owned subsidiary of the Blackstone Group, world’s leading Private Equity firm.

The 4 storied (Ground + 2 with a Lower Ground floor) mall houses 300 retail stores and a food court to accommodate 1200 people at once. The mall boasts of a three level basement car parking to accommodate 2800 vehicles, largest amongst all malls in Mumbai metropolitan region.

Besides being directly connected to the Seawoods railway station, the mall is 5 minutes from Belapur CBD, easily accessible through the 8 lane Sion Panvel express highway and closer to proposed Navi Mumbai Metro corridor.

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Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all  stakeholders for creating the right environment for the growth of modern retail industry in India.  Read More.

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