View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 5, 2010

INDIA: Bullish Aditya Birla CEO prepares for expansion

Indian retailer Aditya Birla is prepared to sell a stake in the business to fund its expansion plans, its CEO told just-food today (5 March).

By Dean Best

Indian retailer Aditya Birla Retail is prepared to sell a stake in the business to fund its expansion plans, its CEO told just-food today (5 March).

Thomas Varghese said the company was ready to welcome private-equity investors as the business looks to grow its hypermarket and supermarket operations across India.

“It’s to expand the business more rapidly than we otherwise could due to the huge funds needed,” Varghese told just-food from Mumbai, where he was opening Aditya Birla’s latest hypermarket.

Aditya Birla, a conglomerate with interests ranging from construction to mining, has over 630 supermarkets and six hypermarkets in India.

Varghese said the company was planning to open 150 supermarkets and 12-14 hypermarkets a year on the back of a buoyant Indian economy.

He added: “In terms of our business performance, we are now leading the Indian retail industry.”

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU