Nov03
The Mahindra Group is the latest entrant to retail sector. Mahindra Intertrade, a fully owned subsidiary of Mahindra and Mahindra, said it would be entering the organised retail business.
The retail foray of the Rs 18,000-crore group would be through the brand name “Mahindra Retail”. Mr Raghunath Murti, Executive Vice-Chairman, Mahindra Intertrade, said, “The group believes that this is the opportune time to enter and extend its distribution business into direct retailing, when the organised retail market is expanding in India. As such, it is a natural extension of the group’s existing business,” he said.
