According to informed sources, Triveni Retail Ventures, the retail arm of Triveni Engineering and Industries is shutting closing down all it's retail outlets . The company has 42 'Triveni Kushali Bazaar ' spread across 25 small towns and offers agri, consumer products and financial services.
Triveni has for some time been looking for a buyer for its retail venture but has not managed to find any as yet. The Triveni Group is a big player in sugar and engineering equipment and entered the retail sector in 2007 with 45 stores. It had planned to increase the no of stores to around 250 by mid 2010.
The other players in the retail sector in rural and semi-urban India are DSCL's 'Haryali Kisaan Bazaar', 'Adhar' ( formerly Godrej Adhar but now a part of Future Group) and ITC's 'Choupal Saagar' . Hariyali Kisaan Bazaar with over 300 outlets spread over nine states is the most aggressive and successful offering a range of agri products, consumer goods and apparel .
Tuesday, September 15, 2009
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