Advertisment

Compumobiles to open a chain of retail stores

author-image
DQW Bureau
New Update





Advertisment

Cochi-based Com-pumobiles, a Nortech Group company, is planning to open a

chain of retail stores across Kerala. The comp-any recently opened a showroom in

Kozhikode and plans to enter Trivan-drum by end of this year, while Thrissur and

Kottayam are next on the list. “In the next three years, Compumobiles will

have retail stores across Kerala, covering all 11 districts and we have

earmarked an investment of Rs 30 lakh for expansion programs,” said Dunston L

Noronha, Director, Compu-mobiles. Noronha is also on the board of Nortech

Infonet Pvt Ltd.

In the next stage, the company wants to expand to Palaghat, Kannur, Quilon

and Malapurram.

Compumobiles got into retail about three years back, when the retail wave was

sweeping across the country. It entered the business with IBM as a ThinkWorld

partner in Kochi and was primarily dealing with IBM desktops, notebooks and

server ranges. When Lenovo took over IBM PC business, Compumobiles continued its

relationship and started selling Lenovo products from its retail store.

“Kerala is known for its vibrant home segment and our retail initiatives

started to pay off from the very first year. In the first year (2004-05), we

clocked a turnover of Rs 3.5 crore and last fiscal the company revenue grossed

Rs 5.5 crore. Next year, we would cross Rs 8 crore and our objective is to make

Compumobiles, a Rs 25 crore company by 2009,” he detailed.

Advertisment

Though Compumobiles was started only as a retail store in 2004, it ventured

into corporate business the following year and today retail and corporate busi-ness

contribute in the ratio of 70:30 respectively. “Our retail business is growing

at 70-80 percent YoY, while corporate is also becoming promising,” explained

Noronha.  Every year, the company supplies over 200 laptops to IIM

Kozhikode for their students and has other customers.

“Compumobiles will play a key role in making Nortech Group, a Rs 100 cr-ore

company, in the next couple of years,” he added.

S Gopikrishna Chennai, July 21

Advertisment