In continuing our retail Business Research and Analysis of Reliance Retail India, today we cover more of what businesses have been accepted by the Indian consumer.
Reliance Retail is headed by Raghu Pillai who is the President and CEO. Bhavdeep Singh is the Head of Reliance Fresh vertical while Radhakrishna heads Hypermarkets and Ajay Baijal consumer electronics.
As on today, Reliance operates 615+ stores across 3.5m sf in nearly 60 cities in 11 formats. Reliance Fresh is the most popular format with 572 stores and the rest being HyperMart, Super, Digital, Trendz, Footprint, Wellness, iStore, Footprint, Jewels, TimeOut, and AutoZone. Here is how the store count looked like,
To have footprint in 1,500 cities with 5,500 outlets. Investment of US$5.5-6.0bn (US$2.5bn equity) US$2 bn already invested so far. 100 mn sft of retail space with sales of $20 bn by 2010.
The sales figure targets look really ambitious for 2010 and we will not be surprised if Mukesh Ambani realizes his dream by 2015.