Lalmahal to roll out 250 retail stores; to invest Rs 1,000 cr

NEW DELHI: Joining the list of firms jumping into Indian retail bandwagon, country’s leading rice exporter Lalmahal Group today said it will invest about Rs 1,000 crore over the next three years to roll out 250 retail outlets.

“The organised retail sector in India is still in its state of infancy and we at Lalmahal foresee a tremendous growth potential in this industry. Having been in business for over 100 years now, we will leverage our experience and expertise to provide the best of the services and quality products to our customers,” Lalmahal Group Managing Director Prem Garg said.

The company has incorporated a new subsidiary “Lalmahal Retail Ltd (LMRL)” for the purpose and it would roll out its first store, LM 365, in the national capital on February 14.

“In the first phase, LMRL intends to set up 250 stores targeting north India, starting from New Delhi and then gradually moving to other cities. This count will reach to 500 stores by the end of second phase on a pan India basis,” the company said in a statement.

LM 365 outlets would be of 750 sq ft to 4,500 sq ft in size, selling food, grocery and pharmaceutical products, it said, adding “… these stores will also provide value-added services like mobile phone recharge, small cafe and shopping reward points.”

The stores, primarily owned by the company, would also sell low-cost good quality apparels.

“A typical discount store operates with around 1,000 stock keeping units (SKUs), while Lalmahal stores, being convenience stores, will have between 1,500-8,000 SKUs,” the company said.

Specialising in Basmati rice, Lalmahal Group is one of the largest rice exporters of the country with its business activities spread across several continents.

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17 Responses

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  5. I am having a ground floor area of 600 sq ft. on 30 meter PWD road on Rajiv Gandhi to Vishram Chowk in Sector 6 Rohini. It is a notified commercial road. A public school is just opposite this and Rajiv Gandhi Cancer Hospital and MTNL Office is just adjoining. 6TEN has already opened its two outlets on this road very road and many more outlets are interested for opening outlets on this road. In case it iterests you please do contact me on my mobile No.9312833252 any day during day time for site seeing and finalising the deal mutually acceptable to both of us.

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  8. Dear Sir , it is very much glad to learn that LM 365 is really touching the hearts of its customers and to add a feather in your hat .I have a hot premises for enchancing your retail chain at Vishwas Nagar at 60 ft. Road, Shahdara . This is such a Prime Location where many other oulets like : Reliance fresh, HDFC bank, Subhiksha Mobile, Hot Spot, Sabka Bazar, 6 Ten etc. is existing. Above all I have a suitabler premises which i wish to give for your LM 365 Outlet. This is really a unique premises having on prime road about100Sqd. with back office two side open on . more over the back office is quite suitable for loading and dismental the articles related to your outlet. if you really want such an hot location for your new outlet. keep in touch.
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  9. Dear Sir , it is very much glad to learn that LM 365 is really touching the hearts of its customers and to add a feather in your hat .I have a hot premises for enchancing your retail chain at Ghaziabad ( UP). This is such a Prime Location where many other oulets like : Reliance fresh, HDFC bank, Subhiksha Mobile, is existing. Above all I have a suitabler premises which i wish to give for your LM 365 Outlet. This is really a unique premises having on prime road near to Santosh medical College( near bus Stand) if you really want such an hot location for your new outlet. keep in touch.
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  10. we have a space available at prime location in malviya nagar south delhi on a notified commercial road having area of 1400 sq ft …pls do contact at 9211972697 or through mail for additional information

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  12. Dear Sir , it is very much glad to learn that LM 365 is really touching the hearts of its customers and to add a feather in your hat .I have a hot premises for enchancing your retail chain at Palam near Dwarka sec-1Delhi. This is such a Prime Location where many other oulets like : Reliance fresh, HDFC bank, Subhiksha Mobile, is existing. Above all I have a suitabler premises around 3500 sqft on main road which i wish to give for your LM 365 Outlet.
    you may contact on 9990998841

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  14. Dear Mr.Prem Garg

    Its just contemplation of congratulating Mr.Garg. Its right time to get into retail segment withy our own outlets. Only thing in the retail segment you need to have a good forecast, excellent teaming, perfect organization and strategic controls. No doubt, having all these you would reach to a great success in the segment. Wish you good luck.

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