The retail industry is reeling with shock at the news of the untimely passing of Jagadish Krishnan, Chief Operating Officer – Retail and Bakery Divisions, Heritage Foods Limited. Krishnan passed away on the night of April 13th in Hyderdabad.
Krishan had over 14 years of experience in the retailing business. Prior to his latest role, he had served as Vice President, Retail Division of Heritage Foods (India) Ltd. and joined it on October 3, 2006. Before joining the Heritage Group, he served as Business Head of Retail at Cavinkare Group in Chennai. He held an MS degree from BITS, Pilani.
Hyderabad-based retail chain, Heritage Fresh currently has 70 stores with a strong presence in Hyderabad, Chennai and Bangalore. Its parent company, The Heritage Group, was founded by Nara Chandra Babu Naidu with an aim to delight customers with ‘fresh and healthy’ food products. The retail chain was launched in November 2006, initially under the brand name Fresh@; the first set of pilot stores opened in Hyderabad. After going through several changes in the business model that aimed primarily on the perishable category (which now accounts for one-third of the company’s sales), the retail chain was renamed as Heritage Fresh.
Today, Heritage Fresh is a modern supermarket stocking about 7,000 SKUs, with its core strength coming from perishable products such as dairy, fruits and vegetables. The chain clocked a turnover of Rs 7 crore in FY 2006-2007, which soared to Rs 400 crore by the end of FY 2014, with stores and warehouses spread across Hyderabad, Bangalore and Chennai.
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