Ainakwala company strengthened its presence by launching its 10th store in Ahmedabad
Plans to increase the number of stores in Gujarat including Ahmedabad, Gandhinagar to 40 in the next 3 years
Equipped with state-of-the-art manufacturing unit and unmatched quality to make a splash in the optic business
Ahmedabad, October 10, 2020 – With the aim of giving a new identity to your eyes and meeting the ever-changing needs of consumers regarding glasses in modern India and offering them stylish and convenient glasses at reasonable prices, Enclaval Company today has opened its 10th store in Ahmedabad.With this, Ainakwala has strengthened its presence in the city and has come closer to providing high quality services to its customers.
Estimated size of spectacles market in the country is Rs. 1200 crores and it is expanding rapidly. Till now Indian market has been importing 50 percent from China, but government’s efforts are to boost local industries in post Coronavirus epidemic and initiatives such as ‘Self-Reliant India’ and ‘Vocal for Local’ have driven domestic production. As a result, Chinese imports have fallen by 30 to 35 percent.
Significantly contributing to the realization of government’s mission of a self-reliant India, Ainkwala has developed a state-of-the-art manufacturing unit, where a wide range of products are manufactured according to global standards and quality. The company has reputed brands like Elevate and 17 Hours, offering customers high quality products at highly competitive prices. The company currently has a unique range of products including frames, sunglasses, lenses for people of all ages and plans to add more in the near future.
Talking at the stores launch, Ainakwala founder Rahul Tated said, “We started operations with 4 stores in 2019 and have opened 6 new stores in last 3 months. We plan to have a total of 20 stores in Ahmedabad and Gandhinagar region in next 1 year and a total of 40 stores across Gujarat in next three years. Our company has manufacturing units in Mumbai and Vadodara and we have doubled our production capacity in the last 3 months. ”
It is important that company directors have invested Rs. 2 crores and collected Rs. 1.25 crores through franchisee. To increase number of stores in Gujarat to 40, additional investment of Rs 3 crores will be made. To achieve the target of 100 stores in the next 5 years, an additional fund of Rs 5 crores will be generated through franchisee. Significantly, the company’s directors have invested Rs. 2 crore as well as Rs. 1.25 crore. To increase the number of stores in Gujarat to 40, Rs. An additional investment of Rs 3 crore will be made. In addition, to achieve the target of 100 stores in the next five years, an additional Rs. There are also plans to raise Rs 5 crore. Company currently has stores in areas including South Bopal, Adani Shantigram, Sindhubhavan, Naranpura, Satellite, Shivaranjani, Bhuyangdev and Gota.
During Coronavirus epidemic has hit almost all industries very hard, Ainakwala has grown significantly with a unique strategy and vision. The company is poised to make a splash in the optic business by offering customers the products they need at a very reasonable price.
