Guardian Lifecare is reportedly planning to launch 50 stores across the country by March this year.
At present, it has 15-20 stores in the pipeline. Two will open shortly in Mumbai at Phoenix Mills and Inorbit Mall at Vashi two stores in Bangalore, 12 in Delhi, six in Noida, six in Gurgaon in the next two months.
Stores will open in Hyderabad and Chennai in addition to Pune post March. Ashutosh Garg, Chairman and Managing Director of Guardian Lifecare said, "We expect revenue to cross Rs1bn by March 2009. By March 2010 we expect that it will go to Rs3bn. In the next 12 months we plan on opening 400 stores across the country and expect to spend Rs1bn on this."
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