Add Shop E-Retail Ltd has announced on Monday that the company has opened 8 new franchises in 3 states. One was in Maharashtra, second in Uttar Pradesh and another was in Karnataka during previous month.
"We are seeing very large numbers of opportunity in this both states for our retail business. We have open 3 new franchises in different states of India to expand our franchise model during previous month", said company.
Add-shop would be leveraging on its robust distribution network spread across the country for its ayurvedic products and agriculture products.
The company having vast distribution network of more than 550 franchises spread across India. ln addition the company is having wide customer base, which offers substantial base for marketing its products to them. Such distribution network would be major growth catalyst for the company.
At around 2:42 PM, Add Shop E-Retail was trading at Rs178.30 per piece higher by 4.97% on the BSE.