|Chennai, Madurai, Tirunelveli|
|Products||Textiles, Jewellery, Utensils, Electronics, Groceries, Stationary, etc.,|
|Revenue||₹22.34 billion (US$350 million) (2012).|
|₹4.68 billion (US$73 million) (2012)|
Number of employees
|Parent||Saravana Store Food Pvt Ltd|
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. According to Kishore Biyani of bigbazaar, it is India’s No 1 retail store in one locality. 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. New Saravana Selvaratnam was opened in Tirunelveli in December 23, 2016. New Saravana Selvaratnam was opened in Madurai in May 5, 2017
- 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.
- Hurun Report ranked Rajaratnam as 281st richest Indian with a ₹1,782 crore fortune in its list for 2015
Entry into ice cream business
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.
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.
- "Saravana Stores steps into the ice-cream parlour". The Hindu Businessline. 17 August 2004.
- "'We will all be slaves to MNCs,' says Saravana Stores founder"
- "India's Retail Store Wars- Google Books"
- "Big retail brands skipping profitable markets?"
- "Saravana fire and the Tamil apathy". Chennai Television. 5 September 2008.
- Hurun Report ranked Rajaratnam as 281st richest Indian with a Rs. 1,782 crore fortune
- "UNSUNG HEROES OF INDIAN RETAILING"
- "Total Turnover"
- "Blaze exposes fire hazards in T Nagar". Times of India. 2 September 2008.
- "Demolition of unsafe Saravana Stores floors begins". The Hindu. 20 November 2008.