Till 2006 our focus was mainly on department stores, although we also had Crossword since 2000. Post 2006, we started Hypercity, Homestop, Arcelia, Argos. We got into food and beverage, and airport retailing. Then for many reasons like the meltdown, H1N1, etc that happened almost simultaneously, we had a loss in 2008-2009. Today we are coming out of that problem.
(This story appears in the 22 January, 2010 issue of Forbes India. To visit our Archives, click here.)
I am convinced with views of Mr. vikas, we have to think ahead of time no matter how much time it will take to come on the way, but one thing is sure - future will be more secure rather then present.
on Jan 15, 2010