Essar Hypermart
From Wikipedia the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Industry | Retailing |
| Founded | 2006 |
| Headquarters | Mumbai, India |
Area served | Worldwide |
Key people | Vikram Amin Executive director (sales & marketing), Essar Steel Darshan Satghar Business Head - Essar eHypermart [1] |
| Products | Hot rolled steel, Cold rolled steel, Galvanised plain, Galvanised Corrugated sheets, Chequered plates, Shot blasted plates, Heavy plates, Colour coated steel TMT bars |
| Revenue | ₹3,600 crore (US$430 million) (2011)[2] |
| Parent | Essar Group |
| Website | www.essarhypermart.in |
Essar Hypermart is a steel retail chain headquartered at Mumbai, India. It has a steel retailing network of 520 outlets.[3][4] Essar Hypermart is a part of the multinational conglomerate, the Essar Group.
History
[edit]The company was an initiative of Essar Steel, a 14 MTPA steel producer and one of India's largest; to bring steel directly to SMEs and end-users. With its origins in India, Essar Steel sought to eliminate the role of intermediaries in the steel-buying process. The first Essar Hypermart opened in Gandhidham, Gujarat in 2006. Since then, its network has grown to include smaller franchisees and the 100th Essar Hypermart opened in Ranchi in 2010.[5]
For the financial year 2009/2010, the company reported revenue of ₹3,600 crore (US$430 million).[2]
About Essar Hypermart
[edit]Essar Hypermart is a store for all steel products. It houses under a variety of steel products that cater to a variety of industry segments. Essar Hypermart is also supported by the Essar Steel processing and distribution facilities.[citation needed]
Products and services
[edit]The Essar Hypermart portfolio includes cold-rolled steel, hot-rolled steel, galvanised plain, galvanised corrugated sheets, chequered plates, shot-blasted plates, heavy plates, colour-coated steel and TMT bars.[citation needed]
Essar Group
[edit]Essar Hypermart is a part of the Essar Group – a multinational conglomerate in the sectors of Steel, Oil & Gas, Power, Communications, Shipping Ports & Logistics, Construction, and Mining & Minerals. With operations in more than 20 countries across five continents, the Group employs 65,000 people, with revenues of US$15 billion.
References
[edit]- ^ "Essar Steel to expand retail outlets | | | Indian Express". The New Indian Express. 17 November 2010. Archived from the original on 4 March 2016. Retrieved 1 December 2010.
- ^ a b "Esser Hypermart expects Rs9,000-cr biz in 2 yrs". Business-standard.com. 16 November 2010. Retrieved 17 November 2010.
- ^ "Essar Steel to expand retail outlets". Indian Express. 17 November 2010. Retrieved 17 November 2010.
Essar Hypermart, the country's first steel retail chain from Essar Steel, has an ambitious plan to expand its retail outlets across India from the current 520 to 776 by March 2011
- ^ "Business / Companies : Essar to expand steel retail chain". The Hindu. Retrieved 17 November 2010.
- ^ "Essar launches 100th hypermart in Ranchi". Steel Guru. 18 September 2010.