Pantaloon aims for Rs 30K cr sales by 2010

The retail major plans to open 3,000 outlets in four years, up from 100 stores in 25 cities across the country.

Retailing major Pantaloon Retail (India) Limited on Monday said it aims to clock a turnover of Rs 30,000 crore by 2010.

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The company that has 100 stores in 25 cities across the country plans to open additional 3,000 outlets in four years, Pantaloon Chief operation (East) Manish Agwarwal said.

The present turnover of the company is Rs 2,000 crore.

Pantaloon plans to open eight to ten more outlets in Kolkata, and one each in Haldia, Asansol and Burdwan, he said adding the retailing industry in India was growing by 22 per cent per annum.

The company has 12,000 people in its payroll and has a customer base of 120 million.