IndiaRetailBiz

Only a couple of days ago, we carried a report describing acquisition of 10% equity stack in Subhuksha’s equity by Wipro’s Azim Premzi as a coup of sorts, and despite Subhiksha’s CEO R subramanian calling that as nothing more than a portfolio investment, retail sector is buzzing with speculation of imminent sale of the company […]

In an investment coup of sorts, Azim Premji, the majority owner of one of the country’s largest IT sevices company WIPRO, through his investment arm has picked up 10% equity stake in Subhiksha, the country’s largest no-frills, small format, food and grocery chain
Subiksha.Subhiksha is currently operating around 1,500 stores and has plans in place to […]

“Following the FDA order against suspending Subhiksha’s warehouse license for 20 days, Subhiksha went ahead and appealed in the Bombay Hi gh Court against the order and has managed to get a stay order from the Bombay High Court.” — R Subramanian, Founder and Managing Director, Subhiksha.
Subhiksha, the Chennai-based, country’s largest […]

 ”The verdict is absolutely absurd and wrong. They have no basis to pass such an order because to an appeal on an existing verdict, they can only retain the original verdict or modify it in appellant’s favour. We will move the high court against this suspension.”– R Subramaniam, Managing Director, Subhiksha Trading.

Earlier claims of Subhiksha […]

“It is quite sad that agencies saddled with the task of consumer protection can be used as tools by competition and vested interests to settle scores.” — Mohit Khattar, President (Marketing), Subhiksha Trading.
Subhiksha, the Chennai-based food and grocery discount retail chain, which is currently under the scanner of state FDA of Maharashta for alleged […]

“No notice of suspension or cancellation has been served against any Subhiksha outlet and all media reports in this regard are completely inaccurate.” — Mohit Khattar, President-Marketing, Subhiksha.

Subhiksha, the country’s largest food & grocery supermarket retail chain, facing charges of flouting hygiene regulations in Maharashtra, according to agency reports, will go through scanner […]

Subhiksha Mobile, a part of the R Subramanian owned Subhiksha Trading Services, will invest Rs 50o crore this year to expand footprint of India’s largest mobile retail chain. This expansion, according to a PTI report, will take the number of its mobile stores from 750 stores at present to 1,500 to 1,750 stores across the […]

“Our strategy is to cut costs by growing aggressively and increasing productivity.” — R Subramanian, Promoter and Managing Director, Subhiksha Trading Services

R Subramanian, Promoter and Managing Director, Subhiksha Trading Services, is unfazed with the growing inflation as his no-frills, food & grocery discount convenience retail chain continues to acquire new customers. […]

“Organised retail is growing at a rate of 8-10 per cent per annum, which so far represents only about four per cent of the total retail market. We are planning to open about 1,000 stores by this December across various cities of the country.” — S Shashikanth President (Manpower) Subhiksha.
Subhiksha, the no-frills, […]

“Subhiksha has access to capital and will continue to be on the fast-track of growth. It (transaction of acquire) will also enhance value for our stakeholders and help our objective of becoming a US$ five billion company by 2011,” R. Subramanian, Promoter & Managing Director, Subhiksha Trading, while explaining its proposed acquisition […]