Categories: Bon Appétit

Heritage foods to invest INRs.60-cr to expand its retail trade

Heritage foods to invest INRs.60-cr to expand its retail tradeHeritage foods to invest INRs.60-cr to expand its retail tradeHeritage Foods Ltd, a Hyderabad based firm is all set to invest INRs.60-cr to expand its retail trade covering three southern cities of Chennai, Bengaluru and Hyderabad over the next three years. Talking about the expansion plan, the official spokesperson of Heritage Foods Ltd. stated that, “We are planning to open 75 stores in all these cities in 36 months. On an average two stores will be opened in a month.”

Dharmender K. Matai, Chief Operating Officer, Heritage Foods’ Retail and Bakery Division said that “Chennai would get 35 stores, Bengaluru and Hyderabad 20 stores each. Each store would be spread over an area of 1,500 to 2,000 sq.ft. Some of them would be large stores spread over 15,000 sq.ft. After the expansion, our retail floor space would increase to six lakh sq.ft. from the current 3.80 lakh sq.ft.,” he said.

Heritage Foods ltd. was incepted in the year 2006 in Hyderabad with seven retail stores and 300 employees. It has garnered commendable success with 105 stores employing 2,800 people at present. It deals in fresh fruits and vegetables and grocery. After the addition of 75 stores, the employee strength would touch 4,000. The food and grocery retail division was likely to close the current financial year with sales revenue of INR550 crore. It is likely to reach INR1,000 crore by the year 2020. Heritage Foods Group asserted  that, “It is a difficult task, but we are hopeful of achieving it as we are growing by over 25 per cent year-on-year. The market size of food and grocery is INR.one lakh crore and modern retail accounts for 1.5 to two per cent. We will be growing through organic and inorganic means.”

Recent Posts

Piccadily Launches ‘Cashmir’: India’s First Small-batch Luxury Vodka Made With Heritage Organic Indian Winter WheatPiccadily Launches ‘Cashmir’: India’s First Small-batch Luxury Vodka Made With Heritage Organic Indian Winter Wheat

Piccadily Launches ‘Cashmir’: India’s First Small-batch Luxury Vodka Made With Heritage Organic Indian Winter Wheat

23rd May’25, New Delhi, India – Piccadily Agro Industries Limited, producers of the most awarded…

21 hours ago
“IVF isn’t just a biological but an emotional process as well,” says Dr. Sarita Sukhija, the visionary behind Myra IVF“IVF isn’t just a biological but an emotional process as well,” says Dr. Sarita Sukhija, the visionary behind Myra IVF

“IVF isn’t just a biological but an emotional process as well,” says Dr. Sarita Sukhija, the visionary behind Myra IVF

IVF has been a beacon of hope in the world of those who’re facing challenges…

3 weeks ago
Geetika Mahandru on Bonga Bonga: The Mystery Liqueur Shaking Up the Bar SceneGeetika Mahandru on Bonga Bonga: The Mystery Liqueur Shaking Up the Bar Scene

Geetika Mahandru on Bonga Bonga: The Mystery Liqueur Shaking Up the Bar Scene

IndoBevs, established in 2007, is not just a company that strived to enter the AlcoBev…

1 month ago
Top Strategies for Developing a Successful Entrepreneurial MindsetTop Strategies for Developing a Successful Entrepreneurial Mindset

Top Strategies for Developing a Successful Entrepreneurial Mindset

Building a successful entrepreneurial mindset is the key to turning your business dreams into reality.…

1 month ago
Jagmohan Garg Times of Hope Have Now Begun on Rekha Gupta Becoming the CM of DelhiJagmohan Garg Times of Hope Have Now Begun on Rekha Gupta Becoming the CM of Delhi

Jagmohan Garg Times of Hope Have Now Begun on Rekha Gupta Becoming the CM of Delhi

Jag Mohan Garg, Chairman & Managing Director (CMD) of Tirupati Infraprojects, extends heartiest congratulations to…

1 month ago
How Digital Marketing Can Skyrocket Your Business in 2025How Digital Marketing Can Skyrocket Your Business in 2025

How Digital Marketing Can Skyrocket Your Business in 2025

In today’s fast-paced digital world, having an online presence is no longer optional—it’s essential. Whether…

2 months ago