Saravana Stores

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Saravana Stores Kesava
Retail
Genre Textile Stores
Founded 1974
Founder Selvarathnam
Headquarters Chennai, India
Area served
Chennai, Madurai, Tirunelveli
Products Textiles, Jewellery, Utensils, Electronics, Groceries, Stationary, etc.,
Revenue Increase 22.34 billion (US$350 million) (2012).[1]
Increase 4.68 billion (US$73 million) (2012)
Number of employees
9800
Parent Saravana Store Food Pvt Ltd
Website www.saravanastores.net

Saravana Stores is a chain of retail stores, located in T Nagar, Purasawalkam, Chrompet and Padi, Chennai (Anna Nagar); selling textiles, jewellery, vessels and a wide range of consumer products. It is the largest family owned business retail chain in India.[2][3] According to Kishore Biyani of bigbazaar, it is India’s No 1 retail store in one locality.[4] The group has been growing rapidly over the past five-year and are likely to branch out to metro cities like Mumbai, Delhi and Bangalore, though the group is conservative in business.[5] New Saravana Selvaratnam was opened in Tirunelveli in December 23, 2016. New Saravana Selvaratnam was opened in Madurai in May 5, 2017

Founders[edit]

  • Its founder Selavarathnam (Saravana Stores) died in 2003.
  • Currently his elder brother Rajaratnam is managing the store. Another elder brother and partner Yogarathinam died on 3 September 2015.
  • Selvarathinam's son Saravana Arul now controls different shops. Saravan Arul uses "Selvarathinam" logo for the stores under his control.[6]
  • Hurun Report ranked Rajaratnam as 281st richest Indian with a 1,782 crore fortune in its list for 2015[7]

Revenue[edit]

In 2008, the company reported an annual turnover of about 6.50 billion rupees (200 million US dollars).[1][8][9] The store is being endorsed by actor Suriya.

Entry into ice cream business[edit]

In 2004, Saravana Stores Enterprises launched a new ice cream brand named Jamai. It is expected to be sold in 3000 outlets in Tamil Nadu and 1000 in Chennai alone. It has set up a 10000-liter per day ice cream production unit and expected to be expanded to 30000 litres per day.[1]

Super Saravana Store automated car parking

Fire accident[edit]

On 2 September 2008, a fire accident inside the building led to death of two of its employees and damages worth Crores of rupees. Unauthorised construction and ignoring safety measures are claimed to be the reason.[10][11]

References[edit]

External links[edit]