Franchise Talk

Tanishq to ramp up outlets

July 25th, 2006 | Author: Jack

Tanishq plans
to increase the number of its showrooms to 100 by 2008 from the current 84, which is spread across 61 cities. The company works on franchisee model and the investment in stores comes from the franchisee.

However, to meet the requirements of these new stores, the company is setting up a new manufacturing unit in Dehradun. The financial details of the new project is being worked out and the work would start by this year-end.

“We are aiming to increase our annual turnover to Rs 1,000 crore by the end of this year. The number our showrooms would increase to 100 by 2008″, said vice-president Govind Raj. The company is trying to penetrate in towns with a population of five lakh and above.

Tanishq has completed a decade of existence this month. The brand occupies a share of over 50 per cent in the Rs 1600 crore branded jewellery segment in India. The turnover of the company in the last fiscal was Rs 791 crore.

The significant rise in the price of gold over the last few months has not affected the company’s turnover. The turnover for the quarter ended June this year stood at Rs 288 crore against Rs 166 crore for the same period last year.

To mark the completion of a decade, the company is offering a half-gram gold coin with every purchase of Rs 10,000 and a one-gram coin with purchase of Rs 20,000.

With the launch of speciality jewellery malls such as Gold Souk, Tanishq has also started opening its showrooms in shopping malls.

“We have already opened showrooms in two malls of Mumbai and one in a Delhi mall. We are experimenting with the idea and if it works we would open more such stores in malls”, said Raj. Tanishq is also open to the idea of opening showrooms in some of the Gold Souks.

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10 Responses to “Tanishq to ramp up outlets”

shruti harbhajanka says:

August 31, 2009 at 12:09 pm

I want to take franchise of tanishq jewellery in Ujjain(m.p.).Are you interested to give the franchise in Ujjain. Please let me know soon about the details and formalities for the franchise.

Rounak gupta says:

October 13, 2009 at 5:28 am

I want to take franchise of tanishq jewellery i bilaspur(c.g)
contact me .+91 96177 55555

akash mundhra says:

October 23, 2009 at 9:15 am

i want to take franchise of tanishq jewellery in orissa,please let me know if you are interested

kishan agrawal says:

December 8, 2009 at 3:02 am

i am interested to take franchisee in jharsuguda, orissa, please let me know the terms for the above

anurag sethi says:

December 11, 2009 at 5:12 am

helo,
i am interested in opening a tanishq franchise store in bareilly(up).please contact if you are interested.+919760613312.

manish gualti says:

December 17, 2009 at 3:21 pm

i want to take a franchise in an upmarket situation in delhi. i have an area of around 1350 sq.ft. kindly contact me at 09818340051

Mrs. Harvinder Kaur says:

December 18, 2009 at 1:39 pm

I want franchise of tanishq. We have an area in the middle of city. We belong to Paonta Sahib Distt. Sirmour H.P. If u r interested to give us franchise contact me ( 09418472091-92)

AMIT says:

January 15, 2010 at 3:25 pm

i m interested in franchise for tanishq retail outlet in Renukoot city located in sonebhadra Distt(UP) and ready to invest required investment. As there is no tanisq showroom in sonebhadra Distt while this is very rich area for the said business becoz this is totally a industrial belt Total population –more than 16 lakh
Big Business industries (Both Govt & pvt)- Like-NTPC(so many power plant),NCL(so many coal mines),Hindalco industries,Kanoria chemicals, JP cement corporation, Birla carbon, etc beside this so many upcoming projects are also there. So Sonebhadra distt is entirely Industrial belt hence there are large numbers of highly qualified / high profile and quite rich people are there. Which is favorable point for business success point of view).
So please contact me on my mail id amit_151@rediffmail.com

ravi motwani says:

January 17, 2010 at 3:39 pm

hello i want to take franchise for bilaspur city situated in chhatisgarh bcoz there is no tanishq showroom in nearby area and it is right time to open showroom.evere wants a brand loyalty and safety as this is very rich area for said business so plz let me know for talking the franchise and what are the terms and conditions.plz contact me on my mail id raj21in2001@yahoo.co.in

ravi motwani says:

January 17, 2010 at 3:49 pm

hello i want to franchise for bilaspur city situated in chhatisgarh bcoz there is no tanishq showroom in neraby area and it is right time to open the showroom every wants a brand loyalty and safety as this is very rich area for said business so plz let me know for talking about the franchise and what are the terms and conditions. so plz contact me on my mail id raj21in@yahoo.co.in