Ratnadeep aims to open 6 more outlets in the city, in the next 2 months
By 2020, the brand expects to reach a 1000 Cr turnover
Ratnadeep targets to have 100 stores nation-wide by Year 2020
Bengaluru, 11th July 2019: Ratnadeep today opened their 1st store in Bengaluru, at Indira Nagar. The store was inaugurated by Mr. Sandeep Agrawal, MD and the film actor Kajal Aggarwal.
The Hyderabad-based brand is unique and special in the supermarket store format as they have better advantage in terms of product navigation and customer friendly visual representation of the products on display. They currently have 54 operational stores and many more in the pipeline.
The store offers superlative customer convenience and a pleasant shopping experience to Bangaloreans. The imported fruits, vegetables and products stocked in the regular segment come with the assurance of best quality and price The imported assortment, Stock Keeping Units and quality merchandise are an added advantage with easy availability and proven authenticity of different brands compared with what is available in the general market and other stores said Sandeep Agarwal Managing Director, Ratnadeep Supermarket.
By the end of 2020, they aim to establish an addition of 10 12 stores in Bengaluru along with 25 stores in the twin cities. Talking about the growth of Ratnadeep, Sandeep Agrawal said, In 3 years only, Ratnadeep has opened 30 stores and aims to have a total of 100 stores nation-wide by 2020. The company will be employing over 4000 people out of which 60% of their employees will be women. Ratnadeep is expecting to reach a 1000cr turnover with a CAGR of 30% by the end of 2020.
Established in 1987, Hyderabad-based Ratnadeep Super Market has been in the food & grocery retail business for about 30 years. The store has been able to carve a formidable reputation as a shopping destination that customers identify with a rich and varied assortment of quality national and international products offered in a pleasant ambience and with customer friendly, reliable service. Ratnadeep was awarded the Pride of Telangana and the Most Admired Excellence Regional Chain Food & Grocery Retailer in India for the Year 2018 by Coca Cola Golden Spoon.
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