Jindal Photo Ltd, the licensee of FujiFilm outlets in India, with an investment of about Rs 400 crore, has planned to expand its network by opening around 1,200 small format stores across the country.
Announcing plans, Amber Paintal, head, advertising, Jindal Photo, said, “About 1,200 FujiFilm outlets are being planned to be set up on franchise basis by the end of 2009. The major part of investments will come from franchisees.”
Paintal said that the company will start rolling out these plans by the end of 2008, and the process is expected to be completed by the end of 2009.
Jindal Photo has exclusive tie-up with FujiFilm and is also the sole distributor of the Japanese firm’s products in India. The company operates around 1,280 photo processing labs that are spread out in two formats. The bigger format stores are known as FujiFilm Digital Imaging (FDI) while others are called Fuji Imaging Services (FIS).
Besides, the company is also planning to rollout another small format where customers can instantly take photo prints from digital cameras.
By 2011, the company expects its top-line revenues to touch Rs 1,000 crore from the current Rs 400 crore.