Hotline: 1800 102 2007
X
Search Business Opportunities
Nov, 11 2016

​Sanghvi plans to double its revenue by FY17

Sanghvi operates international wellness brands, which includes L'Occitane spa, ELLE spa and salon and Warren Tricomi salon in India.

Sanghvi Brands, known for its international wellness brands, is planning to double its revenues by March 2017 through its spa and salon business.

It operates international wellness brands, which includes L'Occitane spa, ELLE spa and salon and Warren Tricomi salon in India.

It is also planning to launch four new international lifestyle and wellness brands in the country by the end of this fiscal year.

The Pune-based brand has also owned the on-demand beauty service brand MyGlamm.com and is also going to launch Rossano Ferretti, an Italian hair spa and salon, in Delhi soon.

As per reports, Darpan Sanghvi, Managing Director, said, "There are a few more launches which are planned for November and December. The plan is to add four new brands to our portfolio by March 2017."

He further added, "We have been growing at a CAGR (compound annual growth rate) of about 65% for the past four years. By the time our international locations go live; we hope to cross Rs.100 - Rs120 crore in revenue from spa business. Growth for MyGlamm is on-track. We are expanding to new cities and launching our own product line as well."

It currently operates 30 spas in India and is planning to make it to count 50-60 by the end of next year.

Comment
image
Related opportunities
  • Quick Service Restaurants
    Shamby's Pizza Cafe - The best things in life are..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Navi Mumbai Maharashtra
  • Organic Products
    About Us: Launched in 2015, Bio Basics, a brand owned and..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea and Coffee Chain
    About Us: Ritazza is an international chain of coffee shops specialising in..
    Locations looking for expansion Delhi
    Establishment year 1988
    Franchising Launch Date 1955
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Unique Brew Café – India’s fastest growing cafe brings a..
    Locations looking for expansion GUJARAT
    Establishment year 2011
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater NAVSARI GUJARAT
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities