B New Mobiles to set up 25 new stores in Hyderabad
The mobile outlet company has served over 50 lakh customers so far and has over 700 people across Telangana and Andhra Pradesh.
Hyderabad: A multi-brand mobile retailer is planning to set up 25 new stores in Hyderabad out of the 100 stores that the company is planning in Telangana and Andhra Pradesh by December 2022. B New Mobiles has over 100 stores in operations in the two Telugu-speaking States. For the expansion, the company has set aside Rs 50 crore.
Speaking at the opening of its two new stores in Vizag on Monday, B New Mobile chairman and MD Y D Balaji Chowdary said the company has 82 stores in AP and 19 in Telangana. “We are present in cities like Tirupati, Vizag, Vijayawada, Rajahmundry, Kakinada, Kurnool, Kadapa and in towns like Tanuku Tadepalligudem, Gudiwada. We have established a store for each one lakh population and are planning to open more,” he said.
The mobile outlet company has served over 50 lakh customers so far and has over 700 people across the two States. It has clocked revenue of Rs 700 crore during financial year 2020-21 and is aiming at Rs 1,000 crore turnover in FY’22. Recently, the company forayed into online sales space with a promise of mobile handset delivery within two hours after placing an order on WhatsApp or on its website.
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