Darwin Platform Group of Companies Step into retail with 6 new stores

 Given the rising consumerism, especially in cities like Mumbai and Delhi, Darwin Platform Group Of Companies (DPGC), a leading global business conglomerate, has announced its foray into the Retail Sector with Six Exclusive Stores in different Parts of Mumbai.

DP Retail- a subsidiary of DPGC - is all set to provide a new-age shopping experience to customers at its exclusive stores. The company plans to open nearly 100 showrooms across the country within the next six months.

The first self-owned exclusive megastore of DP Retail will open in Bhandup, Mumbai, and will be spread over 2,500 sq ft. The other five stores, cover 500-600 square feet, will come up at Goregaon, Andheri, Jogeshwari, Sion, and Worli. All these self-owned stores will be operational by the end of this financial year. Mumbai will be followed by Delhi soon.

Illustrious lineage

DP Retail is yet one more initiative by DPGC, led by its Chairman and director Ajay Harinath Singh — the prince of Sultanpur, a Raghuvanshi, who is that the direct bloodline and therefore the descendent of Lord Rama’s son Lava.

With an excellent lineage, Ajay Harinath Singh is hooked into nation-building through strong and innovative models. The aim of DPGC’s businesses in India is to spice up the economy. He was recently honored with the day's Men of the Year 2020 award for being an ‘Innovative Multipreneur’.

Investment plans

“The retail industry has emerged together of the foremost dynamic and fast-paced sectors with double-digit annual growth and it accounts for over 10 percent of the country’s gross domestic product (GDP) and around eight percent of the utilization. India is that the world’s fifth-largest global destination within the retail space. With DP Retail, we might be leveraging our countrywide network to cater to the rising consumer demand,” says Singh.

“DP Retail is going to be investing over Rs 1,000 crore within the next fiscal year (2021-22) and can also usher in foreign direct investments. Initially, the corporate will specialize in offline sales, and being a tech-enabled company, it'll also strengthen its presence in the industry through digital disruptions,” he says.

A slice of the retail pie

The company plans to start out with a strong strategy for penetration across the omnichannel retail business, including the extension of offline experience beyond metro cities with new retail partnerships through its franchise model.

Established in 1996, DPGC features a net worth of $6.4 billion and its 21 associate companies. Over the years, the group has made rapid progress in several sectors including finance, banking, healthcare, aviatronics, energy, mass media, IT, and now retail.