Saravana Stores
 |
 | |
| Industry | Retail |
|---|---|
| Genre | Textile and jewellery stores |
| Founded | 1969 |
| Founder |
|
| Headquarters | , India |
Number of locations | 61 (2011) [1] |
Key people | Ashwin Therazhandur (CEO) |
| Products |
|
| Revenue | [2] |
| Parent | Saravana Stores Enterprise |
| Subsidiaries |
|
| Website | Saravana Selvarathnam
Super Store Super Store Elite The Legend New Saravana Storesaravanastoreslegend |
Saravana Stores, founded in 1969, is a chain of retail stores in India. It is the largest family owned business retail chain in India.[3][4] It is the first store to introduce Aadi Thallupadi sale concept.
Locations
[edit]Saravana Stores operates seven stores in Chennai, at T. Nagar, Purasawalkam, Porur, Padi, Sholinganallur, Pallavaram and Usman Road. The company has mega stores in Madurai, Tirunelveli and Coimbatore. The company is growing rapidly and has plans to open stores in Mumbai, New Delhi, and Bengaluru. The company also operates the Saravana Selvarathinam Stores in Tirunelveli and Madurai.
Revenue
[edit]In 2023, the company reported an annual turnover of about ₹ 2495 crore (300 million US dollars).[5][6][7]
Foray into 100% milk based ice cream
[edit]In 2004, Saravana Groups launched a new ice cream brand named Jamaai, a 100% milk based ice-cream brand. The factory is located at Padappai, a suburb of Chennai en route Sriperumbudur and sold across Tamil Nadu. It has a capacity of 10,000-litres per day ice cream production and expected to expand to 30,000 litres per day.[5]
Fire incident
[edit]On 2 September 2008, a fire inside the building led to the death of two of its employees and damages worth crores of rupees. Unauthorized construction and ignoring safety measures are believed to be the reason.[8][9][10]
Super Saravana Stores: On March 1,2023 around 4.30 p.m. the flames were noticed in the Food Court on 9floor. The staff and the customers from all the floors were evacuated. No one was injured in the accident. Property worth 37 crore has been damaged in the major fire that broke out on Melur Main Road in Madurai city.[11]
References
[edit]- ^ "'We will all be slaves to MNCs,' says Saravana Stores founder". Archived from the original on 19 February 2023. Retrieved 19 February 2023.
- ^ "Saravana Stores allegedly rigged accounting software to show less income". 7 February 2019. Archived from the original on 19 February 2023. Retrieved 19 February 2023.
- ^ "'We will all be slaves to MNCs,' says Saravana Stores founder". Rediff. Archived from the original on 19 February 2023. Retrieved 19 February 2023.
- ^ Hiscock, Geoff (30 November 2012). India's Store Wars: Retail Revolution and the Battle for the Next 500 Million Shoppers. John Wiley & Sons. ISBN 978-1-118-58037-0. Archived from the original on 15 September 2023. Retrieved 16 March 2023 – via Google Books.
- ^ a b "Saravana Stores steps into the ice-cream parlour where". The Hindu Businessline. 17 August 2004. Archived from the original on 25 April 2009. Retrieved 31 March 2009.
- ^ "Momentum Strategy Consultants: A Low Price for Success, Unsung Heroes of Indian Retailing". www.dharenchadha.com. Archived from the original on 21 October 2013. Retrieved 24 May 2013.
- ^ ""Total Turnover"". Archived from the original on 25 October 2013. Retrieved 24 May 2013.
- ^ "Blaze exposes fire hazards in T Nagar". Times of India. 2 September 2008. Archived from the original on 20 December 2016. Retrieved 31 March 2009.
- ^ "Demolition of unsafe Saravana Stores floors begins it was also sealed". The Hindu. 20 November 2008. Archived from the original on 28 July 2009.
- ^ "Saravana fire and the Tamil apathy". Chennai Television. 5 September 2008. Archived from the original on 22 February 2012. Retrieved 31 March 2009.
- ^ "Fire breaks out at Super Saravana Stores, Madurai – Tamil Nadu Fire & Rescue Services". Archived from the original on 23 December 2023. Retrieved 23 December 2023.