Ahujasons Shawl plans Rs 140cr investment to expand retail biz

Ahujasons Shawl Wale Ltd, a famous name among Delhiites, will invest up to Rs 140 crore to expand its retail footprint in India and overseas.
"We plan to open 12 showrooms in India and 6 overseas in the next five years. We will invest Rs 120-140 crore to expand our retail presence. It be funded mostly from internal accruals," Ahujasons Shawl wale (P) Ltd Retail Head Bhuvan Ahuja told PTI.
New showrooms will be a mix of company owned and franchised. At present, the company has two retail outlets in Delhi and one in Tokyo in Japan. The company plans to open showrooms in Kolkata, Hong Kong and Beijing next year, Ahuja said.

Though the family-run company doesn't disclose its financials, it however said it sells over 20 lakh units per year. Its products are priced in the range of Rs 300 to Rs 3.5 lakh.
The company, which gets about 60 per cent of its total turnover from exports, said despite local expansion, export will continue to account a major chunk in its total turnover.
"Exports is a very important part of the group as it creates brand awareness and market in international domain. Also, it contributes to volumes of the business which helps in strengthening the relations with suppliers," he added.

The company was founded in 1979 with its first store in Delhi and then started exports in 1992 with opening of first overseas office in Paris.