After targetting 100 screens by end-2015 for its multiplex chain SRS Cinemas, Rs 5,000 crore-plus SRS Group now reportedly plans to enter the online jewellery, health and wellness businesses.
“The growth in the online space will outgrow the kirana space. We already run retail chains in Delhi-NCR and Uttar Pradesh. We are looking to add another vertical by creating the infrastructure for the online model,” Pratik Jindal, Managing Director, SRS Retail was quoted as saying.
Both the jewellery and health and wellness online businesses would reportedly go live in the second quarter of the current fiscal. The company will test the market in North India before moving to other geographies.
The group launched its online grocery venture four months ago and has invested Rs. 20 crore in the online business. For these new ventures, the company will be working on the inventory-led model. “We have set up warehouses to stock our inventory, the company will be investing Rs.20-25 crore on setting up infrastructure like logistics,” Jindal said.
The SRS Group is a Faridabad, NCR-headquartered diversified business enterprise with a presence in gold and jewellery, film exhibition, retail, hospitality, real estate, financial services and healthcare sectors. It has three listed companies under its fold, among others.
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