Entering the next phase of its growth plans, leading consumer electronics and home appliances dealer Vasanth & Co will extend its footprint beyond Tamil Nadu this year. | |
| The Chennai-headquartered consumer chain plans to expand its sales network to 100 stores across India by December 2009, said H Vasanthakumar, chairman and managing director of Vasanth group of companies, in an informal talk with Business Standard. |
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| "The growth plans will be undertaken at an investment of Rs 100-150 crore," Vasanthakumar said, adding that much of the expansion would be financed through bank borrowings. |
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| In line with the growth phase ahead, Vasanth & Co is currently implementing a mySAP ERP solution across its showroom chain to optimise its supply chain and inventory delivery, as well as integrate its human capital management, finance and supply chain functions with front-end billing. This is expected to enhance operational efficiency by facilitating integrated delivery of information. |
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| The company's strong focus on implementing ERP and supply side management software has helped it reduce employee strength from 1,000 people to a range of 600 to 700 in recent years, while its revenues have touched Rs 250 crore. |
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| Vasanth & Co was established in 1978 and has 44 showrooms largely in Tamil Nadu, and one each in Bangalore and Puducherry. |
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