Indian textile and jewellery store chain
Saravana Stores, founded in 1969, is a chain of retail stores in India. It is the largest family owned business retail chain in India. It is the first store to introduce Aadi Thallupadi sale concept.
Locations.
Saravana Stores operates seven stores in Chennai, at T. Nagar, Purasawalkam, Porur, Padi, Sholinganallur, Pallavaram and Usman Road. The company has mega stores in Madurai, Tirunelveli and Coimbatore. The company is growing rapidly and has plans to open stores in Mumbai, New Delhi, and Bengaluru. The company also operates the Saravana Selvarathinam Stores in Tirunelveli and Madurai.
Revenue.
In 2023, the company reported an annual turnover of about ₹ 2495 crore (300 million US dollars).
Foray into 100% milk based ice cream.
In 2004, Saravana Groups launched a new ice cream brand named Jamaai, a 100% milk based ice-cream brand. The factory is located at Padappai, a suburb of Chennai en route Sriperumbudur and sold across Tamil Nadu. It has a capacity of 10,000-litres per day ice cream production and expected to expand to 30,000 litres per day.
Fire incident.
On 2 September 2008, a fire inside the building led to the death of two of its employees and damages worth crores of rupees. Unauthorized construction and ignoring safety measures are believed to be the reason.
Super Saravana Stores: On March 1,2023 around 4.30 p.m. the flames were noticed in the Food Court on 9floor. The staff and the customers from all the floors were evacuated. No one was injured in the accident. Property worth 37 crore has been damaged in the major fire that broke out on Melur Main Road in Madurai city.
References.
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