Home Retail SRS Group records Rs 3,500 crore annual turnover

    SRS Group records Rs 3,500 crore annual turnover

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    SRS Group, an Indian company with business interests in retail and FMCG, real estate, multiplex cinemas, jewellery, hotel, and food and beverages has recorded an annual turnover of Rs 3,500 crore. SRS Group’s flagship company, SRS Limited recently held its first Annual General Meeting (AGM) after the IPO launch of Rs 203 crore. Company’s board of directors have decided to pay a dividend of Re 1 per share to the company’s shareholders.

    Commenting on the earnings, Anil Jindal, Chairman, SRS Group, said: “SRS Limited did quite well in 2011-2012 and we have reported rise in profits amidst the challenging business environment in the country. I thank all our shareholders for their support and the trust they have put in us and would like to reiterate that we are committed to the growth of the company and aim to post even better results next year. We are strongly focussing on taking our business to higher levels of operational excellence and growth.”

    According to Jindal, the company is targeting a turnover of Rs 5,000 crore for 2012-13.

    Over the last few months, SRS Limited launched a multiplex at Ludhiana taking the overall tally of its screens to 33 across 12 properties in 7 cities. SRS Limited’s jewellery business saw the launch of two new stores at Faridabad and Ghaziabad and wholesale outlets in Mumbai and Ahmedabad. Retail stores were also opened in Gurgaon, Faridabad, and Noida. The company now owns 1,65,000 sq.ft. of total retail space.

    SRS Limited was incorporated on August 29, 2000. It recently raised Rs 203 crore in its maiden IPO and is now a BSE listed company. The SRS Cinemas is the cinema exhibition brand of SRS Limited under which the company operates a chain of cinemas spread across six cities. This includes 12 properties at strategic locations having 33 screens and 8,621 seats.

    SRS Limited operates a chain of retail stores under SRS Value Bazaar offering FMCG products including food and groceries, apparels, cosmetics, home care, personal care products, crockery, appliances, and accessories. SRS Fashion Wear is another brand under which the company retails multi-brand apparels in over 20 retail stores in North India with a total floor space of more than 1,65,000 sq.ft.

    The food and beverages segment of the company operates a chain of food courts under the SRS 7dayz brand, fine dining restaurants and banquets across several cities. Currently, it operates 11 food courts across North and Central India. The fine dining restaurants are operated under the brand Punjabi Haandi. At present it operates three fine dining restaurants at Faridabad, Gorakhpur, and Ludhiana.

    SRS Limited operates a chain of jewellery retail stores called SRS Jewells in Delhi, Faridabad, Ghaziabad and Palwal, along with two wholesale outlets in Delhi and one in Mumbai and Ahmedabad each.