October 22, 2014 7:36 PM ET

Multiline Retail

Company Overview of Promart Retail India Pvt. Ltd.

Company Overview

Promart Retail India Pvt. Ltd. owns and operates multi brand retail stores in India. The retail stores offer apparel, accessories, bed linen, home furnishings, kid’s toys, and electronics for men, women, and kids of all age groups at discounted rates. The company was founded in 2007 and is based in Mumbai, India. As of November 13, 2011, Promart Retail India Pvt. Ltd. operates as a joint venture between of Apple Group Of Companies and VEMB Lifestyle Pvt. Ltd. each holding 50% stake in Promart Retail.

15/16, A Wing

Krishna Complex

Subhash Road A

Ville Parle East

Mumbai,  40057

India

Founded in 2007

Phone:

91 22 2684 1653

Fax:

91 22 2684 1790

Key Executives for Promart Retail India Pvt. Ltd.

Chief Executive Officer
Chief Financial Officer and Member of the Board of Directors
Compensation as of Fiscal Year 2014.

Promart Retail India Pvt. Ltd. Key Developments

Promart Retail India Pvt. Ltd. Announces Partnership with Franchise India to Expand their Footprint in India

Promart Retail India Pvt. Ltd. announced their partnership with Franchise India to further expand their footprint in India. As a part of this tie-up, Promart will open 25 franchisees every quarter and expects a growth of 15-20% year on year basis. The company is targeting Tier II-Tier VI cities which is a part of their overall business strategy to further accelerate their presence in India. As a part of this association, Franchise India will help Promart right from strategizing, getting franchisees to grow the brand and implementation to generate more visibility for Promart.

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