2 more Agrani iSWITCH stores to open within the next month

Agrani Convergence Ltd (ACL), the retailing arm of ASC Enterprises, an Essel Group company that operates telecom, information technology & learning, media & entertainment products and services, expects to commission two more iSWITCH ‘technology superstores’ before the end of January.

The stores are expected to open in Chennai and Mumbai (in the central suburb of Ghatkopar). There is another outlet expected to open soon after in Chandigarh, a company spokesperson said.

The first iSWITCH store was opened in Bangalore in February 2001. ASC is looking at opening 24 stores across the country by the end of the current financial year. At present there are 11 stores operating - Ahmedabad (one), Bangalore (two), Delhi (three), Noida (one), Jaipur (one), Kanpur (one), Ludhiana (one), and Mumbai (one).

According to the roadmap laid out, the first phase will see retail outlets opening in the top 23 cities across the country. Subsequent to that the aim is to cover 80 per cent of the district headquarters of India by 2006, the spokesperson said.

Per store investment varies according to store location, size, as well as the interiors and inventory but the average costs per outlet is Rs 10 million, she said.

Queried as to the key products that would drive the business, she identified them as IT and telecom products. "Over 90 per cent of our consumers in the SEC-A category (loosely put, with incomes in the upper middle and high bracket) already own a digital notebook and a mobile phone. Clearly, the role of hand-held devices in the contemporary lifestyle is rising and digi cams, personal digital assistants and mobile phones with multimedia facilities are selling like hot cakes," she said.

Elaborating on the main target audience, she said it could be broadly defined as male or female of 15 years and above, belonging to SEC A&B, interested in buying technology products. Broadly speaking, ACL has identified the target audience for Agrani iSWITCH as large sections of society, having technology requirements, she concluded.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories