Brandhouse Retails Ltd, (BHRL) a leading fashion retailer has received the permission for listing of its shares from BSE and NSE and the shares commence trading from 27th March, 2009. The Company’s shares listed are 5, 19,94,195 equity shares of the face value Rs. 10 each.
Brandhouse Retails was established as a pure play customer-centric retail organization. As a company that caters to the entire spectrum of the socio-economic segment in the Indian market, BHRL’s range of retailing expertise extends from catering to the middle class to the affluent.
Driven by a team of professionals led by Mr. Tarun Joshi, the Managing Director with experience in retail & brand building, their proficiency is focused to retailing of Fashion garments, accessories and home furnishings of international & domestic brands.
BHRL sets up and manages Exclusive Brand Outlets for the following brands; Reid & Taylor, Belmonte, Stephens Brothers, Carmichael House and leading international luxury brands like Escada and Alfred Dunhill.
BHRL today is one of the leading retailers in fashion and lifestyle. It has inked a joint venture with Italy’s Number One fashion retailer ‘Oviesse’ to launch the brand in India.
Geographical Reach: The company’s retail network is spread across all major metros, mini-metros, state capitals. It also has retail presence across Tier II & III cities, making it the only retail company in the country to cater to all socio-economic segments of the Indian markets. The company operates in high streets, malls, luxury shopping arcades & 5 star hotel properties with store sizes ranging approximately from 500 sq.ft. to 2700 sq.ft.
Financial Performance: As per the Audited Accounts as on 31st March 2008, the turnover of the Company is Rs. 314 crore, with a PAT of Rs.13.11 crore. For the period 1st April, 2008 to 30th Sept. 2008, the Company recorded a turnover of Rs. 258 crore with PAT at Rs.7.48 crore.
Holding Structure: The company has 5, 19,94,195 equity shares of the face value of Rs. 10/- each. Of the total equity share capital of the Company, 56% is held by the promoters, Mr. Nitin S Kasliwal and associates with FIIs’ holding 24% and the balance is held by the public