The Indian Retail industry accounts for over 10% of the country’s GDP and around 8% of employment. India has become the fifth largest destination in the world in terms of retail space. The Indian retail market has seen the entry of many brands over the years which have drastically expanded the industry. The Indian retail market is estimated to be about USD 600 billion which is expected to hit USD 1 trillion by the year 2020. There are many best known retail companies in India which are engaged in different sectors such as electronics, fashion, food, vegetables, etc.
These are the top ten best retail companies in India.
10. Kewel Kiran Clothing Limited
Kewel Kiran Clothing Limited was established in the year 1971. Its headquarters is located in Mumbai. The company is engaged in the business of manufacturing and retailing of garments for many years. Some well known apparel labels under it are Integriti, Lawman PG3 and Killer. It is one of the best known garment brands in the country. Kewel Clothing Limited has over 100 stores in the country.
9. Titan Industries
Titan is a premier watch brand in India and also the best known name in the Indian watch market. Titan is an international brand which was started in the year 1984 as a joint venture between Tata and Tamil Nadu Industries Development Corporation. Titan is the world’s fifth largest integrated brand watch manufacturer. Titan is also known for introducing quartz technology in watch manufacturing. Titan watches are exported to about 32 countries in the world.Titan has also ventured into the jewelry retail business with its well-known brand Tanishq. The company also manufactures wallets, sunglasses, bags, belts and helmets.
8. Aditya Birla Retail
Aditya Biral Retail is a subsidiary company of the industrial giant Aditya Birla Group. The company was established in the year 2006. The company has around 500 supermarkets and 15 hypermarkets to sell its products. These supermarkets and hypermarkets offer a variety of products for the customers such as groceries, apparels, general merchandise, home care, personal care, etc. Aditya Birla Retail is among the Fortune 500 companies and is also the winner of the Master Brand Award for the year 2012 in the retail brand category.
Mc Donald’s is a renowned international chain of fast food restaurants. The company started its operations in India in the year 1996 and has expanded with over 300 restaurants all across the country. The company’s corporate office is located in Oak Brook, Illinois, USA. Mc Donald’s is famous for its vegetarian and non-vegetarian burgers, French fries, milkshakes, desserts and other chicken products. Mc Donald’s is present in over 130 countries all over the globe.
6. Trent Limited
Trent Limited comes under the Tata group. This company was established in the year 1998 and has its headquarters in Mumbai. The company deals in food, beverages, health and beauty products, footwears, fashion accessories, garments ,household items and electronics goods. Star Bazaar, Westside, Fashion Yatra and Landmark are the popular brands that are owned by the company. Trent is present in about 30 cities all over the country.
5. ITC- Lifestyle Retailing Business
ITC-LRBD is a multi-business company which was established in the year 1910. Its headquarters is located in Kolkata. In the apparel sector, it has created some popular brands such as John Players and Wills. ITC also own some very popular brands such as Dark Fantasy, Sunfeast, Yippee, Candyman, Fiama Di Wells, etc. The company has also ventured into hotels, agriculture, paperboard and packaging.
4. Shoppers Stop
Shoppers Stop was established in the year 1991 and is based in Mumbai. This retail company is owned by the K Raheja Corp Group. The company operates 61 stores in India and deals in both national and international apparel brands. It offers a wide collection of fashionable garments for men, women and children. Shoppers Stop is well known for its quality products and services and is among the top retail companies of the country.
3. Provogue India Ltd
Provogue India Ltd made its appearance in the retail market in the year 1997. It has become a renowned fashion and lifestyle retailer in the country. The company offers a variety of apparels and fashion accessories for men and women. Currently the company operates more than 250 retail stores in various cities all across the nation. Recently the company has also included wallets, perfumes, ties, watches, sunglasses, bags, belts and luggage to the list of their products.
2. Pantaloons Retail Limited
Pantaloons is a famous lifestyle and retail apparel brand. It was established in the year 1997 and has its headquarters in Mumbai. There are more than 1000 outlets of Pantaloons in the country selling branded clothing and fashion accessories. The company retails over 200 different fashion brands in India. Pantaloons Limited is owned by the Future Group which also heads other retail chains like Big Bazaar, Sitara, Top 10 and Brand Factory.
1. Reliance Retail Limited
Reliance Retail Limited is a part of the Reliance Industries. It was founded in the year 2006 and has its headquarters in Mumbai. The company offers many retail products such as electronic goods, fashion and lifestyle, food, decorative products and many more through its 1500 stores all over the country. It is the best retail company in the country and is the number one in this list.
The above top ten retail companies have fuelled the high growth rate of the retail industry in India.