Rice malls in Bangalore to supply below market price
BANGALORE: There is good news for Bangaloreans on the rice front at these times of soaring food inflation.
As many as 12 rice malls in different parts of the city are set to be opened on Wednesday, offering 60 varieties at six to eight per cent less than the market price.
Branded ‘Oryzz Rice Homes’, the idea is to sell rice under the concept mill-to-homes by cutting brokerage charges in the supply chain management. These chain of malls is a joint venture between rice traders Ramoji Agro Pvt Ltd and online rice trading por tal Rice India.
The target is middle-class homes, the Managing Director of Ramoji Agro, Mr Ramojam, and CEO of Rice India, Mr Shashikumar Thimaiah, told reporters here on Saturday.
“At Oryzz Rice Homes, rice will be supplied directly from the mills to customers. This system will avoid the middlemen and hence the customer will get high quality rice at a competitive price which will be 6-8 per cent less than the market price,” Mr Ram ojam said.
The company plans to open more than 50 such malls in the city going forward; at a later stage it is looking at the district and taluk-levels for a similar venture under franchise model.
It has already tied up with some rice millers in states such as Tamil Nadu, Andhra Pradesh and Kerala.
The company will invest Rs 6-10 crore for the first dozen malls which will offer varieties in the range of Rs 12-42 per kg.
Saturday, February 13, 2010
Thursday, February 11, 2010
TT to expand to 50 franchise stores by end of 2010
Knitwear and fabrics brand TT on Thursday said it will expand its exclusive retail chain and introduce new ranges in the premium segment for women and kids as part of its plan to achieve a turnover of Rs 200 crore from its garment business by next fiscal.
“Our strategy is two-pronged with focus on both market expansion and product expansion. We are aiming to increase the turnover of our garment business to Rs 200 crore next fiscal,” TT Ltd Joint Managing Director Mr Sanjay K Jain said.
TT had a total turnover of Rs 250 crore in 2008-09, of which the garments business contributed Rs 50 crore and the figure is likely to touch Rs 100 crore this fiscal, he added.
Mr Jain said TT will expand both its exclusive retail chain and roll-out new ranges as part of the business plan.
“Last year we started our concept of small neighbourhood stores (which) operated on the franchise model and so far we have opened 20 such outlets. Our aim is to have 50 such stores by end of 2010,” he said.
Regarding product diversification, Mr Jain said: “In the innerwear segment, the focus is on our premium brand ‘Coco Tree’ and we will roll-out the entire range for ladies and kids by March. Besides, we are also coming out with a special range of premium casual wear like T-shirts and pyjamas.”
The company, which specialises in innerwear and casual wear, also said it will also be expanding its dealership network across the country to grab additional share in the Rs 15,000 crore Indian market. - PTI
“Our strategy is two-pronged with focus on both market expansion and product expansion. We are aiming to increase the turnover of our garment business to Rs 200 crore next fiscal,” TT Ltd Joint Managing Director Mr Sanjay K Jain said.
TT had a total turnover of Rs 250 crore in 2008-09, of which the garments business contributed Rs 50 crore and the figure is likely to touch Rs 100 crore this fiscal, he added.
Mr Jain said TT will expand both its exclusive retail chain and roll-out new ranges as part of the business plan.
“Last year we started our concept of small neighbourhood stores (which) operated on the franchise model and so far we have opened 20 such outlets. Our aim is to have 50 such stores by end of 2010,” he said.
Regarding product diversification, Mr Jain said: “In the innerwear segment, the focus is on our premium brand ‘Coco Tree’ and we will roll-out the entire range for ladies and kids by March. Besides, we are also coming out with a special range of premium casual wear like T-shirts and pyjamas.”
The company, which specialises in innerwear and casual wear, also said it will also be expanding its dealership network across the country to grab additional share in the Rs 15,000 crore Indian market. - PTI
Wednesday, February 10, 2010
Franchise Management Programme For Entrepreneurs In India
Indian Franchise Association (IFA) has launched an interactive Franchise Management Program at the Mudra Institute of Communications, Ahmedabad (MICA).
To be implemented in a module format, the program will introduce aspiring entrepreneurs at MICA to the intricacies of franchising and establish the strategic approach by posing various case studies. "An entrepreneurial spirit is critical for franchising. Many entrepreneurs take up franchises but they are not hugely successful because of the lack of entrepreneurship in the franchisee. In order to address this and many other aspects of franchising for entrepreneneurs, we decided to launch this program for the students of MICA's entrepreneurship development centre,” said Gautam Raj Jain, chairman, entrepreneur program, MICA.
The conjunction with MICA is the first initiative of this kind for IFA, which plans to announce similar ventures with other premier institutes shortly. "Through this program, we want the aspiring entrepreneurs among our students to go global in their ventures day one onwards," said Ashok Ranchhod, director, MICA.
With such initiatives of franchise education and on training and nurturing entrepreneurs on all aspects of franchising is a healthy sign for the franchise industry, we definately see the programme adding to the growth of franchising in India.Typically today the entrepreneurs are only subject to franchise websites, franchise magazines and franchise exhibitions where they get to meet the companies directly and are not able to correctly understand everything they need to before they get started with taking up a new franchise.We hope that the course will be able to highlight these issues and help the entrepreneurs
To be implemented in a module format, the program will introduce aspiring entrepreneurs at MICA to the intricacies of franchising and establish the strategic approach by posing various case studies. "An entrepreneurial spirit is critical for franchising. Many entrepreneurs take up franchises but they are not hugely successful because of the lack of entrepreneurship in the franchisee. In order to address this and many other aspects of franchising for entrepreneneurs, we decided to launch this program for the students of MICA's entrepreneurship development centre,” said Gautam Raj Jain, chairman, entrepreneur program, MICA.
The conjunction with MICA is the first initiative of this kind for IFA, which plans to announce similar ventures with other premier institutes shortly. "Through this program, we want the aspiring entrepreneurs among our students to go global in their ventures day one onwards," said Ashok Ranchhod, director, MICA.
With such initiatives of franchise education and on training and nurturing entrepreneurs on all aspects of franchising is a healthy sign for the franchise industry, we definately see the programme adding to the growth of franchising in India.Typically today the entrepreneurs are only subject to franchise websites, franchise magazines and franchise exhibitions where they get to meet the companies directly and are not able to correctly understand everything they need to before they get started with taking up a new franchise.We hope that the course will be able to highlight these issues and help the entrepreneurs
Birla Kerala Vaidyashala To Start 150 Franchises over the next 5 Years.
Yash Birla Group-owned, Birla Kerala Vaidyashala plans to hit the capital markets with its initial sharesale by the middle of next year, a top company official said.
The company, which came into existence with Yash Birla Group acquiring a majority stake in Kerala Vaidyashala last year, plans to file the Draft Red Herring Prospectus with the market-regulator SEBI, BKV's managing director & chief executive officer, Harshajeet Kuroop said.
"We are planning to enter the capital market by mid of next year. We will soon file a Draft Red Herring Prospectus with the SEBI," Kuroop told PTI here. However, he declined to divulge further details about the proposed issue.
The Rs3,000 crore Yash Birla group entered the health and wellness segment with the acquisition of the Kerala-based ayurveda spa chain.
As part of its expansion plans, the company aims to open about 200 therapy centres pan India over the next 5 years with an investment of Rs 50-crore, he said. Presently, it has 20 such centres.
"The centres will be mostly on franchise basis and about 50 of them will be company owned. We will invest over Rs50 crore to open all the 200 centres," Kuroop said.
"These centres will provide treatment for lifestyle disorders and chronic disorders, for which treatment is not available with the conventional medicines," he said. The company today launched the country's first Mobile Spine Clinic in the city, which, it said is the first of its kind in the industry.
The company, which came into existence with Yash Birla Group acquiring a majority stake in Kerala Vaidyashala last year, plans to file the Draft Red Herring Prospectus with the market-regulator SEBI, BKV's managing director & chief executive officer, Harshajeet Kuroop said.
"We are planning to enter the capital market by mid of next year. We will soon file a Draft Red Herring Prospectus with the SEBI," Kuroop told PTI here. However, he declined to divulge further details about the proposed issue.
The Rs3,000 crore Yash Birla group entered the health and wellness segment with the acquisition of the Kerala-based ayurveda spa chain.
As part of its expansion plans, the company aims to open about 200 therapy centres pan India over the next 5 years with an investment of Rs 50-crore, he said. Presently, it has 20 such centres.
"The centres will be mostly on franchise basis and about 50 of them will be company owned. We will invest over Rs50 crore to open all the 200 centres," Kuroop said.
"These centres will provide treatment for lifestyle disorders and chronic disorders, for which treatment is not available with the conventional medicines," he said. The company today launched the country's first Mobile Spine Clinic in the city, which, it said is the first of its kind in the industry.
The Print Shoppe Franchise Opportunity
"the print shoppe" a wholly owned brand of SUDARSHAN a partnership firm based in Surat has brought an advance printing solution which will enable printing on many products in the retail market. Printing on Mugs, T-Shirts or any other material was possible, but we have brought a completely new solution for the retail printing said Mr.Nilesh Patel, director of "the print shoppe". Printing on Mugs, T-Shirts are absolutely possible in today's market using heat transfer and which has already opened the retail format of printing business in Indian market, our printer has a different functions compared to the heat transfer said the Director, we are offering printers to our franchise outlets which can print any material directly on the surface. Lets say if some one needs a mug, T-Shirts, Real Flowers, Candles to be printed with their own pictures or for a gifting purpose, it can be printed directly on the surface without using HEAT TRANSFER.
"the print shoppe" has already opened their two outlet in India, one is located at Surat and recently their second outlet was opened at Nagpur. To bring the complete print retailing solutions they have also brought Flower Printing for the 1st time in India, which is never seen in the market till date. Best part of this franchise program is, those who may wish to become a franchise partner of "the print shoppe" can easily become a franchise with single one time investment of Rs.150,000.00. The easiest and the best opportunity comes with One Multifunction Printer & a computer. The bundle printer can print on Nails, Flowers, Mobile Phones, Tiles and many more.
Initial set up requires 7sqft X 7sqft of area in Malls, Multi plex cinemas, market areas or shopping complex, margin which is offered in this business is much higher & compared to any other business, is near about 100% to 400% depending on different prints and sizes.
Our goal is to create a good brand name of "the print shoppe" by offering highest quality materials and the best services offerings, imagine of the products you always want to have printed with your own or selected pictures was never easy before, now you can see them get printed in front of you, you can customize them the way you always wanted, said Mr.Nilesh Patel. We target to open 150 such outlets including kiosks in India by the end of 2010 with our commitment of providing higher quality materials and best services, as all our franchise outlets are committed for serving retail customers whenever and wherever it is required.
With other brands like Presto, Myntra, Kodak already operational in the similar space, the company is looking at all tier 1& 2 cities of India where it could offer its low cost franchise, a service franchise to deserving entrepreneurs.
"the print shoppe" has already opened their two outlet in India, one is located at Surat and recently their second outlet was opened at Nagpur. To bring the complete print retailing solutions they have also brought Flower Printing for the 1st time in India, which is never seen in the market till date. Best part of this franchise program is, those who may wish to become a franchise partner of "the print shoppe" can easily become a franchise with single one time investment of Rs.150,000.00. The easiest and the best opportunity comes with One Multifunction Printer & a computer. The bundle printer can print on Nails, Flowers, Mobile Phones, Tiles and many more.
Initial set up requires 7sqft X 7sqft of area in Malls, Multi plex cinemas, market areas or shopping complex, margin which is offered in this business is much higher & compared to any other business, is near about 100% to 400% depending on different prints and sizes.
Our goal is to create a good brand name of "the print shoppe" by offering highest quality materials and the best services offerings, imagine of the products you always want to have printed with your own or selected pictures was never easy before, now you can see them get printed in front of you, you can customize them the way you always wanted, said Mr.Nilesh Patel. We target to open 150 such outlets including kiosks in India by the end of 2010 with our commitment of providing higher quality materials and best services, as all our franchise outlets are committed for serving retail customers whenever and wherever it is required.
With other brands like Presto, Myntra, Kodak already operational in the similar space, the company is looking at all tier 1& 2 cities of India where it could offer its low cost franchise, a service franchise to deserving entrepreneurs.
Sunday, February 7, 2010
Lingerie Brands Take To Franchising For Their Expansion
The term ‘lingerie’ is synonymous with fashionable innerwear for women today. Since the past few years, the lingerie industry has created a niche for itself in the apparel manufacturing industry in India. The sector offers a wide array of products that cover various aspects from fashion and styling to fine fabrics with a superior finish. The credit goes to the changing lifestyles and improved purchasing power. With time, the Indian women are getting more aware in terms of selection of lingerie. The demands of the contemporary women for branded lingerie have helped the growth of lingerie industry in India. If you desire to start a business in the lingerie industry, then taking up a franchised outlet of a well established brand is the best way forward.
The lingerie industry offers great opportunity for women to garner a fair share in the men’s business world by taking up the franchise of a well known brand. However, the opportunity is not limited to women; men also can establish themselves in this sector by opting the franchise way. As per Dalbir Bains, Founder, Boudoir London, “We encourage female entrepreneurs as we want all franchisees to be hands-on and the store to be a women-only environment. Men can apply for the franchise but need to be aware that women run the store and they would need to employ a high calibre female store manager who can deliver the objectives.”
Growth of lingerie industry in India
The lingerie industry in India is going through a rapid metamorphosis as the size of the organised market is increasing with the rising number of renowned players entering the sector. The growing income coupled with the changing lifestyles has renamed the undergarments as ‘fashion clothing items’. The lingerie segment has created a place in the apparel manufacturing industry of India and is anticipated to increase the share of the organised lingerie market in the next five years. From being a market worth Rs 780 crore in 2003, the organised lingerie market has almost doubled to Rs 1645 crore by 2008.
Key players of the sector
The Indian lingerie industry has enormous growth potential, manifested with the entry of many international players such as Lovable, Triumph, Etam, Jockey, Aubade, Boudoir London and many more. These international brands are successfully expanding in India through franchising. Besides these, there are few well recognised Indian brands like Groversons, Maxwell Industries (Vanity Fair, Daisy Dee and other brands) are also increasing their horizons across the nation via the franchise route. However, most of these brands do not cater to a single brand rather they deal in a number of other brands also.
Eligibility criteria for taking up the franchise
To own a franchised outlet in the lingerie industry, a franchisee is expected to have at least some knowledge of the lingerie market and the international products in India. A retail or customer service background will be an added advantage as prior experience is definitely going to enhance the results of a franchisee. As Dalbir says, “An aspirant needs to be financially sound, energetic and keen to be a part of the great franchise legacy.” Importantly, a franchisee is expected to maintain the standard of the company’s proceedings and product quality.
Franchise offering
Being a franchisee, your franchisor will guide you all the way to establish the franchised brand and business at the local level. As per Dalbir, “We firmly believe that the franchisees’ success is our success, so we work hand-in-hand with all our franchisees.” The franchising company will help you in the layout of the outlet, customer service and creating a customer friendly environment. The franchisor will provide you a detailed description of the company, its business and operational strategies. The franchisee and his/her staff will be provided with a supportive training programme to ensure consistency amongst service levels in every store in the country. Every possible back-up support is offered to the franchisees with regional managers being assigned in each area. This way the parent company stays in touch with the franchisees and keeps a check on their performance to avoid franchise failures.
Now, if you think that this is the kind of prospect you have been looking for, then its time to take this opportunity and make it big for yourself by opting the franchise of a well reputed brand.
Source:Lingerie Industry Blossoms With Franchising
Ramanjit Kaur | Feb 5 2010.
The lingerie industry offers great opportunity for women to garner a fair share in the men’s business world by taking up the franchise of a well known brand. However, the opportunity is not limited to women; men also can establish themselves in this sector by opting the franchise way. As per Dalbir Bains, Founder, Boudoir London, “We encourage female entrepreneurs as we want all franchisees to be hands-on and the store to be a women-only environment. Men can apply for the franchise but need to be aware that women run the store and they would need to employ a high calibre female store manager who can deliver the objectives.”
Growth of lingerie industry in India
The lingerie industry in India is going through a rapid metamorphosis as the size of the organised market is increasing with the rising number of renowned players entering the sector. The growing income coupled with the changing lifestyles has renamed the undergarments as ‘fashion clothing items’. The lingerie segment has created a place in the apparel manufacturing industry of India and is anticipated to increase the share of the organised lingerie market in the next five years. From being a market worth Rs 780 crore in 2003, the organised lingerie market has almost doubled to Rs 1645 crore by 2008.
Key players of the sector
The Indian lingerie industry has enormous growth potential, manifested with the entry of many international players such as Lovable, Triumph, Etam, Jockey, Aubade, Boudoir London and many more. These international brands are successfully expanding in India through franchising. Besides these, there are few well recognised Indian brands like Groversons, Maxwell Industries (Vanity Fair, Daisy Dee and other brands) are also increasing their horizons across the nation via the franchise route. However, most of these brands do not cater to a single brand rather they deal in a number of other brands also.
Eligibility criteria for taking up the franchise
To own a franchised outlet in the lingerie industry, a franchisee is expected to have at least some knowledge of the lingerie market and the international products in India. A retail or customer service background will be an added advantage as prior experience is definitely going to enhance the results of a franchisee. As Dalbir says, “An aspirant needs to be financially sound, energetic and keen to be a part of the great franchise legacy.” Importantly, a franchisee is expected to maintain the standard of the company’s proceedings and product quality.
Franchise offering
Being a franchisee, your franchisor will guide you all the way to establish the franchised brand and business at the local level. As per Dalbir, “We firmly believe that the franchisees’ success is our success, so we work hand-in-hand with all our franchisees.” The franchising company will help you in the layout of the outlet, customer service and creating a customer friendly environment. The franchisor will provide you a detailed description of the company, its business and operational strategies. The franchisee and his/her staff will be provided with a supportive training programme to ensure consistency amongst service levels in every store in the country. Every possible back-up support is offered to the franchisees with regional managers being assigned in each area. This way the parent company stays in touch with the franchisees and keeps a check on their performance to avoid franchise failures.
Now, if you think that this is the kind of prospect you have been looking for, then its time to take this opportunity and make it big for yourself by opting the franchise of a well reputed brand.
Source:Lingerie Industry Blossoms With Franchising
Ramanjit Kaur | Feb 5 2010.
Monginis Bakery Franchise Looking at opening 50 more Outlets by 2010.
Mumbai-based leading bakery chain, Monginis now plans to open 50 more outlets across the country by end of the year 2010, after a recent store launch in Indore. The company also plans to double its retail distribution from the current retail network of 15,000 stores across the country.
Elaborating on the Monginis' expansion plan, Zoher Khorakiwala, CMD, Monginis Pvt. Ltd. said, “After Indore, the cities where we are planning to roll out our exclusive cake shops at Kanpur, Lucknow, Raipur, Chennai and Bengaluru. We are currently looking out for suitable franchising partners for these locations and it will take some time for us to decide on Monginis’ manufacturing franchisee.”
Monginis is looking at locations with minimum carpet area of 200 sq ft and are looking at opening more stores with the Strategic Business Unit (SBU) setting ambitious plans for the retail distribution expansion.
Hence eyeing a prominent expansion strategy in the burgeoning bakery market in India.
Source:
Monginis plans to open 50 outlets across India by year-end
Saturday, February 06, 2010, 10:00 Hrs [IST]
By HBI Staff | Mumbai
Elaborating on the Monginis' expansion plan, Zoher Khorakiwala, CMD, Monginis Pvt. Ltd. said, “After Indore, the cities where we are planning to roll out our exclusive cake shops at Kanpur, Lucknow, Raipur, Chennai and Bengaluru. We are currently looking out for suitable franchising partners for these locations and it will take some time for us to decide on Monginis’ manufacturing franchisee.”
Monginis is looking at locations with minimum carpet area of 200 sq ft and are looking at opening more stores with the Strategic Business Unit (SBU) setting ambitious plans for the retail distribution expansion.
Hence eyeing a prominent expansion strategy in the burgeoning bakery market in India.
Source:
Monginis plans to open 50 outlets across India by year-end
Saturday, February 06, 2010, 10:00 Hrs [IST]
By HBI Staff | Mumbai
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