
Suvidhaa Infoserve, a Mumbai based retail chain plans to open 1,000 to 1,200 franchised outlets, starting on a monthly basis, confirmed Paresh Rajde, CEO and MD, Suvidhaa Infoserve. The company is eyeing a strong network of one lakh franchised outlets in the next two to three years.
Presently, the company owns 18,000 convenient neighbourhood stores under the brand name 'Suvidhaa Point' in more than 20 states and 400 cities in India. The company is planning to enter other states in the next five to six months.
The company provides a wide array of services in travel, insurance, banking, utility, telecom, entertainment, education and e-governance to its customers. Besides, the company has plans to enter the rural sector by opening franchised outlets, without charging a sign-up fee from the rural franchisees. Suvidhaa Infoserve is also going to provide a loan facility to its franchisees from rural sector.