Visakhapatnam-based Sriram Paramount Marketing Private Limited (SPMPL), which operates a chain of complete electronic and home appliances stores under the name 'Galaxy', will open five more stores in coastal Andhra by the end of December. | |
| "Currently, we operate seven Galaxy stores at Visakhapatnam, Srikakulam, Anakapalli and Bhimavaram. Over the next six months, we are going to open five more stores including two in Visakhapatnam, and one each in Vizianagaram, Kakinada and Rajahmundry," K Haranadh, managing director, Sriram Paramount Marketing Limited, told Business Standard. |
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| Last fiscal, the company registered a sales turnover of Rs 18 crore and expects it to touch Rs 30 crore this year. It is aiming at achieving a Rs 40-crore sales turnover next fiscal," he said, adding that SPMPL was planning to open 8 to 10 Galaxy stores in towns like Amalapuram, Mandapet, Eluru, Tadepalligudem, Tanuku, Palakol, Ramachandra Puram and Tekkali in the franchisee mode |
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| SPMPL is also planning to set up service teams to offer service assistance to its customers. |
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