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Cromā

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Infiniti Retail
Cromā
IndustryRetail
Founded9 October 2006 (2006-10-09)[1]
HeadquartersMumbai, India
Number of locations
300
Area served
India
Key people
CEO & MD: Avijit Mitra

Chief Business Officer - E-commerce and Marketing: Shibashish Roy
Chief Buying Officer: Venu Gopal
Chief Business Officer – Stores: Suman Chakraborty

CFO: Pramod Dangaich
ProductsConsumer electronics
RevenueIncreaseUS$1.02 billion (2022)
Decrease-US$65 million (2022)
ParentInfiniti Retail
Tata Group
Websitewww.croma.com

Cromā is an Indian retail chain of consumer electronics and durables run by Infiniti Retail, a subsidiary of the Tata Group.[2][3] Its product range covers more than 500 products across the electronics and consumer durable categories.

Location

Presently, there are a total of 300 Cromā stores in 35 cities in India.[4]

The stores are spread across the states of Maharashtra (Latur, Mumbai, Navi Mumbai, Thane, Pune, Nashik, Amravati, Aurangabad, Kolhapur), Gujarat (Ahmedabad, Bhuj, Bhavnagar,Bharuch, Jamnagar,Gandhinagar, Rajkot, Nadiad, Surat, Vapi, Vadodara, Anand), Delhi NCR, Karnataka (Bangalore, Mangalore, Hubli, Mysore, Davangere), Punjab (Amritsar, Jalandhar, Ludhiana, Patiala, Mohali), Chandigarh, Tamil Nadu (Chennai, Coimbatore, Salem, Hosur), Haryana (Gurgaon, Faridabad) Uttar Pradesh (Ghaziabad, Noida), Telangana (Hyderabad, Secunderabad), West Bengal (Kolkata, Asansol) Jharkhand (Dhanbad), Madhya Pradesh (Gwalior, Indore), and Uttarakhand (Dehradun).[5]

Croma Stores – Statewise

In 2012, Infiniti retail acquired the Indian retail business of Woolworths for A$35 million, or Rs. 200 crore. Woolworths was tied up with Tatas since 2005 for external support in the electronic retail market.[6]

File:Croma GOD Delhi.jpg
Croma GOD Store

Financial

Year Revenue (In crores) Profits/Loss (In crores) Source
FY 2015 Increase 3,269 Decrease -98 [7]
FY 2016 Decrease 2,918 Decrease -196.9
FY 2017 Increase 3,317 Increase -57.6 [8]
FY 2018 Increase 3,813.74 Increase 16.7 [9][10]
FY 2019 Increase 4,587.71 Increase 196.85
FY 2020 Increase 5,173 Decrease -53 [11]
FY 2021 Increase 5,449 Decrease -201 [12][13]
FY 2022 Increase 8,337 Decrease -445

References

  1. ^ "Cromā | The Electronics Megastore | About Us | Overview". Croma.com. 9 October 2006. Archived from the original on 26 October 2021. Retrieved 3 February 2011.
  2. ^ "The Hindu Business Line : Infiniti Retail looks to cross Rs 1,000-cr turnover". Blonnet.com. 3 September 2009. Archived from the original on 24 September 2009. Retrieved 3 February 2011.
  3. ^ "Welcome to Cromā | The Electronics Megastore | A TATA Enterprise". Croma.com. Retrieved 3 February 2011.
  4. ^ "Tata Cromā launches own brand of LCD and LED TVs". Economictimes.indiatimes.com. 13 May 2010. Retrieved 3 February 2011.
  5. ^ "Cromā | The Electronics Megastore | Stores | Location of our Stores". Croma.com. Archived from the original on 7 April 2022. Retrieved 3 February 2011.
  6. ^ "Infiniti acquires India biz of Woolworths for Rs.200 cr". The Hindu. Retrieved 15 December 2012.
  7. ^ Malviya, Sagar. "Croma sees a fall for the first time, feels pressure from online retailers and discounts". The Economic Times. Retrieved 30 June 2022.
  8. ^ Mukherjee, Writankar. "Croma posts first net profit after 12 years of operation". The Economic Times. Retrieved 30 June 2022.
  9. ^ Singh, Mukul Yudhveer (3 December 2018). "Croma Files Net Profit Figures for the First Time in 12 years". ACE. Retrieved 30 June 2022.
  10. ^ Mukherjee, Writankar. "Infiniti to raise Rs 750 crore from Tata Sons for Croma expansion". The Economic Times. Retrieved 30 June 2022.
  11. ^ Mukherjee, Writankar. "Reliance, Tatas control 20% of smartphone, electronics retailing; together notch up Rs 50,000 cr sales in FY20". The Economic Times. Retrieved 30 June 2022.
  12. ^ Mukherjee, Writankar. "Croma sales surge 53% to cross $1 billion in FY22, but net loss widens". The Economic Times. Retrieved 30 June 2022.
  13. ^ Mukherjee, Writankar. "Croma sales rise five percent, losses narrow slightly". The Economic Times. Retrieved 30 June 2022.
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