Last updated : October 26, 2020 11:13 am
The company is looking forward to investing Rs. 75 crore every year for the next five years, in the country’s expansion.
Vasudevan Balakrishnan, COO, Tablez, stated, “The Company will be probably looking to cross Rs. 500 crore turnover. We will have 250 outlets and have some more other revenue channels by then. The company is still optimistic about its growth target for the Indian market despite the pandemic-related disruptions.”
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Considering the year as a watershed for the industry, Vasudevan added, “Expansions and build-ups have happened in the last three years. We are taking our learning from the market. We are also taking to understand how different markets respond to the different brands that we have in the kitty. The market would take some time to heal and we will also re-calibrate the entire business plan accordingly, and go slow across all brands.”
The company entered India five years ago with its main presence in South India throughout retail and food segments, and is looking to make a mark in the entire country.