Reliable sources inform that the largest retailer in rural India is shutting shop. The 300 plus store chain is owned by the DCM Shriram Consolidated Ltd group whose chairman is Ajay Shriram.
Hariyali has been operation for the last 9 years in rural India and each store is stocked with the categories of Agri products, Food and Groceries, Household goods including white goods and electronics and Lifestyle products such as apparel and footwear.
The chain operates under 2 formats - the larger Centers which were built on plot sizes of 2-5 Acres with a built up area of around 10000 sq ft. and the smaller Stores with an area of 1500 to 5000 sq ft. The larger centers are owned by the company and many of these have a petrol pump as well as LPG to offer.
The process of issuing notices to staff has already begun and liquidation of stocks is well underway.
It is believed that mismanagement, location of the stores and lack of transparency ( particularly in the last 2 years ) led to this downfall.
Hariyali has been operation for the last 9 years in rural India and each store is stocked with the categories of Agri products, Food and Groceries, Household goods including white goods and electronics and Lifestyle products such as apparel and footwear.
The chain operates under 2 formats - the larger Centers which were built on plot sizes of 2-5 Acres with a built up area of around 10000 sq ft. and the smaller Stores with an area of 1500 to 5000 sq ft. The larger centers are owned by the company and many of these have a petrol pump as well as LPG to offer.
The process of issuing notices to staff has already begun and liquidation of stocks is well underway.
It is believed that mismanagement, location of the stores and lack of transparency ( particularly in the last 2 years ) led to this downfall.
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