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IPO-bound Sathya Agencies, a Chennai-based retail chain, has completed the acquisition of Bengaluru-based Unilet Appliances for around ₹140 crore, according to media reports.
The deal will add 54 showrooms across Karnataka to Sathya Agencies’ network, strengthening its presence in the state’s consumer durables and electronics market.
The acquisition gives Sathya Agencies access to an established retail network, supported by local market knowledge and a complementary product portfolio.
The company is preparing for its first major Dussehra and Diwali festive season in Karnataka, with consumer offers planned across the state.
As of January 31, 2026, Sathya Agencies operated 427 stores across South India, spanning Tamil Nadu, Karnataka, Kerala, Andhra Pradesh and Puducherry. The company ranked as India’s fifth-largest consumer electronics retailer by revenue from operations in FY25, according to the information provided.
