Gelato Vinto plans to have 200 outlets across India by 2017
The company, which is present in the country since 2005, has 53 outlets in the country at present, including 14 company owned-shops.
The company, which is present in the country since 2005, has 53 outlets in the country at present, including 14 company owned-shops.
"We plan to have 200 outlets across the country by the end of 2017. Around 20 per cent of the total outlets would be company owned, while the rest would be franchisees," Gelato Vinto Chief Operating Officer Akshay Batra told PTI.
He added the company aims to close the current financial year with 75 outlets.
The company, which posted a turnover of Rs 10 crore last year, aims to touch a revenue figure in the range of Rs 45 crore by 2017, Batra said.
"We plan to open warehouses in Bhopal, Aurangabad and Pune in this fiscal itself. Next, we plan to open warehouses at Gujarat and Uttar Pradesh," Batra said.
He added the company is also looking to set up a manufacturing facility in South India, to cater to the growing market in the region.
"By next year, we plan to set up a manufacturing plant at either Bangalore or Hyderabad. We see a good market in South India. The facility would help us contain huge supply costs involved in sending products to South India," Batra said.
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