RPG Cellucom, latest venture of the RPG Group in mobility retail plans to capture three per cent of the market share with revenues of Rs 3,500 crore (Rs 35 billion) in financial year 2008-09.
A master franchisee between the Dubai-based Cellucom, a global retailer in emerging markets of West Asia and Africa for mobile phones and the Goenka family-led RPG Group better known for Ceat Tyres and Spencer Retail. RPG Cellucom's first store was launched in January this year.
The company had announced in the past its intentions to set up 500 RPG Cellucom outlets by March 2008 and revenues of Rs 500 crore (Rs 5 billion) within the first operational year of setting up.
Sunil Bhagat, CEO, RPG Cellucom, who was in Pune to open its 50th store, was bullish about growth prospects as some of the stores launched in the National Capital Region completed one full quarter. "We have got a better response than expected and have had 18 per cent repeat