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Alankit Group to beef up franchisee network in India

VDS Rama Raju  |  Chennai/ Visakhapatnam 

New Delhi-based Alankit Group, which has interests in financial services, healthcare, and wealth management businesses, is planning to rope in around 3,600 franchisees across the country in the next four to five years. The company currently has 1,400 franchisees in India, catering to its financial services business.

“At present, our group has 20 regional offices and 12 branches offices in the country. We are on the verge of launching another five regional offices,” Alok Kumar Agrawal, chairman and managing director of Alankit Group, told Business Standard.

In 2011-12, the company’s revenues stood at Rs.125 crore, an increase of Rs 25 crore over the previous year. It is expecting to garner Rs 150-crore revenues this financial year, of which 30 per cent is expected to flow in through trading activities and over 45 per cent from the business.

Under its healthcare division, the group currently operates 14 pharmacies mainly in Delhi. “The division’s performance is very encouraging, and hence we have decided to open around 1,000 outlets across the country in the next five years,” Agrawal said.

According to him, the group, which offers eight different services to its customers, is focusing on consolidating its existing services.

First Published: Sat, June 02 2012. 00:44 IST