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| Industry | Retail |
|---|---|
| Genre | Textile and jewellery stores |
| Founded | 1969 |
| Founder |
|
| Headquarters | , India |
Number of locations | 61 (2011)[1] |
Key people | Ashwin Therazhandur (CEO) |
| Products |
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| Revenue | [2] |
| Parent | Saravana Stores Enterprise |
| Subsidiaries |
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| Website | Saravana SelvarathnamSuper Store Super Store Elite The Legend New Saravana Storesaravanastoreslegend |
Saravana Stores, founded in 1969, is a chain ofretail stores inIndia. It is the largest family owned business retail chain in India.[3][4] It is the first store to introduceAadi Thallupadi sale concept.
Saravana Stores operates seven stores inChennai, atT. Nagar,Purasawalkam,Porur,Padi,Sholinganallur,Pallavaram and Usman Road. The company has mega stores inMadurai,Tirunelveli andCoimbatore. The company is growing rapidly and has plans to open stores inMumbai,New Delhi, andBengaluru. The company also operates the Saravana Selvarathinam Stores inTirunelveli andMadurai.
In 2023, the company reported an annual turnover of about ₹ 2495 crore (300 million US dollars).[5][6][7]
In 2004, Saravana Groups launched a new ice cream brand namedJamaai, a 100% milk based ice-cream brand. The factory is located atPadappai, a suburb of Chennai en routeSriperumbudur and sold across Tamil Nadu. It has a capacity of 10,000-litres per day ice cream production and expected to expand to 30,000 litres per day.[5]
On 2 September 2008, a fire inside the building led to the death of two of its employees and damages worthcrores ofrupees. Unauthorized construction and ignoring safety measures are believed to be the reason.[8][9][10]
Super Saravana Stores: On March 1,2023 around 4.30 p.m. the flames were noticed in the Food Court on 9floor. The staff and the customers from all the floors were evacuated. No one was injured in the accident. Property worth 37 crore has been damaged in the major fire that broke out on Melur Main Road in Madurai city.[11]