Nandani Creation to invest Rs 100 mn for expansion
Nandani Creation Limited - a well-known company for ethnic wear and famous as JaipurKurti.com in its retail section - is planning to expand offline by investing an amount of Rs 100 million.
Limited – a well-known company for ethnic wear and famous as JaipurKurti.com in
its retail section – is planning to expand offline by investing an amount of Rs
In the next phase of expansion, this NSE-listed fashion giant is all
excited to push up the count of its stores to achieve a total of 20-25 by the
end of the year 2023. As per the data, the company has already opened 2 offline
stores in the past few months. Nandani Creation Limited has already finalised
to expand offline in the key cities of Rajasthan. These cities include Udaipur,
Jodhpur, Kota, Sikar, Bhilwara, Ganganagar, Alwar, and Neemrana. Nandani
Creation Limited will also be focusing on big cities like Delhi, Pune, Indore,
and Gurgaon in the financial year 2022-2023.
The company will also be hiring more than 250 professionals to give
a final shape to its expansion plan and also to offer a delightful experience
to its customers. The hiring process will be under the domains of sales,
marketing, logistics, ground staff, production, designing, and other relevant
departments. Also, the company is trying to move to the main board of NSE.
According to Anuj Mundhra, Chairman & MD, Nandani Creation Limited, the company is very
excited to bring the local brand of the country to get global recognition. The
company is also planning to perform even better with its expansion and to offer
the best of fashion products to its customers, he added. He also told that the
offline expansion has also taken place in some cities and is under process for
many other important cities. Customers can also experience in person the
excellent quality that the brand will offer, he said.
According to Mundhra, the company is excited to move to the main
board of NSE, which will happen in recent times. He thanked his customers,
well-wishers, and stakeholders for their support. Their support has helped the
company in becoming a good brand name. The board of directors of the company
has also approved the financials for the year 2020-21. According to the
financials, the total revenue of the company is 460.9 million, Profit Before
Tax (PBT) is Rs 24.1 million, and Profit After Tax (PAT) is Rs 17.8 million.
The consolidated Total Revenue, Profit Before Tax (PBT), and Profit After Tax
(PAT) are Rs 482.6 million, Rs 25.8 million, Rs 19 million respectively for the
FY 2020-21. The company is progressing and is planning to expand further in the
Image Source: Press release of “ABB”