SRS Value Bazaar, a multi-brand retail store chain which is a part of SRS Limited, has opened its seventh outlet in Faridabad at Crown Plaza Mall. Spread over 5,500 sq.ft., the new store offers products such as food and groceries, fruits and vegetables, health and beauty products, FMCG items, imported products, personal care, home care, and confectionery. SRS Limited is an Indian company present across retail, multiplexes, food and beverages, apparel, jewelry, real estate, and township development.
Speaking on the occasion, Anil Jindal, Chairman, SRS Limited, said: "We are committed to expanding our base in the retail sector by reaching out to new and high potential areas which currently are underserved by smart modern retail outlets nearby. We are confident that our focus on offering modern consumers both indigenous and imported products at competitive price points will help SRS Value Bazaar win new customers and add value to our stakeholders interests."
SRS plans to further expand its retail operations by adding 20 more outlets in 2012 in cities such as Gurgaon, Noida, Greater Noida, Ludhiana, Jaipur, Patiala, and Indore and further strengthen its presence in Northern India.
SRS Limited was incorporated on August 29, 2000 with the objective of trading in FMCG goods and later entered into other business segments. It recently raised Rs 203 crore in its maiden IPO and is now a BSE listed company.
SRS Cinemas is the cinema exhibition chain of SRS spread across six cities with 11 properties having 30 screens and 7,608 seats. The company also retails multi-branded apparel under SRS Fashion Wear spread over 0.132 mn sq.ft. SRS also operates a chain of food courts, fine dining restaurants, and banquets called SRS 7dayz. It currently has 11 food courts across North and Central India. The Company operates a chain of jewelry retail stores called SRS Jewells in New Delhi, Faridabad, Ghaziabad, and Palwal, along with two wholesale outlets in Delhi at Chandni Chowk and Karol Bagh.
-IndiaRetailing Bureau
