Saravana Stores

Saravana Stores founded in 1969 is a chain of retail stores in India. It is the largest family owned business retail chain in India.[2][3] According to Kishore Biyani of Big Bazaar, it is India's No.1 retail store in one locality.[4]

Saravana Stores
TypeRetail
IndustryRetail
GenreTextile and Jewellery Stores
Founded1969
Founder
  • Shanmuga Sundaram Nadar
  • S. Yogarathinam Nadar
  • S. Rajarathinam Nadar
  • S. Selvarathinam Nadar
Headquarters
Chennai, Tamil Nadu
,
India
Products
  • Textiles
  • Readymades
  • Silk Sarees
  • Jewellery
  • Electronics
  • Groceries
  • Stationary
  • Gadgets
  • Cutlery
  • Footwear
Revenue ₹60.16 billion (US$840 million) (2017).[1]
₹15.63 billion (US$220 million) (2017)
Number of employees
10,000
ParentSaravana Stores Enterprise
Subsidiaries
  • Super Saravana Stores
  • Legend New Saravana Stores
  • Saravana Selvarathinam etc.
Websitesaravanastores.com

Locations

Saravana Stores operates seven stores in Chennai, at T Nagar, Purasawalkam, Chrompet, Porur, Padi, Sholinganallur and Usman Road. The company has mega stores in Madurai, Tirunelveli and Coimbatore. The company is growing rapidly and plans to open stores in Mumbai, Delhi and Bangalore.[5] The company also operates the Saravana Selvarathinam stores, in Tirunelveli and Madurai.

Revenue

In 2008, the company reported an annual turnover of about ₹6.50 billion (200 million US dollars).[1][6][7]

Foray into 100 % Milk based Ice cream

In 2004, Saravana Stores Group launched a new ice cream brand named Jamaai. It is a 100% milk based ice-cream brand made in Chennai 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.[1]

Super Saravana Store automated car parking

Fire

On 2 September 2008 a fire inside the building led to 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]

References
  1. "Saravana Stores steps into the ice-cream parlour where". The Hindu Businessline. 17 August 2004.
  2. "'We will all be slaves to MNCs,' says Saravana Stores founder"
  3. "India's Retail Store Wars- Google Books"
  5. "Big retail brands skipping profitable markets?"
  6. "UNSUNG HEROES OF INDIAN RETAILING"
  7. "Total Turnover"
  8. "Blaze exposes fire hazards in T Nagar". Times of India. 2 September 2008.
  9. "Demolition of unsafe Saravana Stores floors begins it was also sealed". The Hindu. 20 November 2008.
  10. "Saravana fire and the Tamil apathy". Chennai Television. 5 September 2008.
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