Umiya Mobile Limited has unveiled an ambitious plan to significantly expand its retail presence across Gujarat and Maharashtra. The company has announced its intention to open 17 new retail stores, marking a substantial growth in its physical footprint across these two states.

Expansion Details

The expansion plan includes:

• 12 new stores in Gujarat
• 5 new stores in Maharashtra

Gujarat Expansion

Umiya Mobile is set to strengthen its presence in Gujarat with new stores in various cities:

1. Botad
2. Rajura
3. Jam-Khambhaliya
4. Mansa
5. Mehsana
6. Saikheda
7. Patan
8. Rajkot
9. Raner
10. Tharad
11. Kalol
12. Ahmedabad

Maharashtra Expansion

The company is also extending its reach in Maharashtra with new outlets in:

1. Rahuri
2. Ahmednagar
3. Nagpur
4. Bhandara
5. Yavatmal

Strategic Locations

Umiya Mobile has carefully selected the locations for its new stores, focusing on high-visibility areas and key market centers. For instance:

• In Botad, the new store will be located at the Main Bazar, near Khamidana Gate.
• The Rajkot outlet will be situated near an HP Petrol Pump on the 150 Feet Ring Road.
• In Nagpur, the store will be on Sujata Nagar Road.

Company's Statement

In its official communication to the BSE, Umiya Mobile Limited stated, "The Company will intimate to Stock Exchange for further development in this matter." This indicates that the company may provide additional updates as the expansion progresses.

Implications

This significant expansion move suggests Umiya Mobile's confidence in the growing demand for mobile devices and related services in these regions. By increasing its physical store count, the company is likely aiming to enhance its market presence, improve customer accessibility, and potentially boost its sales and market share in the competitive mobile retail sector.

Investors and market watchers will be keen to observe how this expansion impacts Umiya Mobile's financial performance and market position in the coming quarters. The company's ability to successfully execute this expansion plan could be a key factor in its growth strategy.

As the mobile technology market continues to evolve rapidly, Umiya Mobile's expansion could position it to capitalize on emerging trends and consumer demands in these regions. The company's progress in implementing this expansion plan will be closely monitored by stakeholders in the Indian retail and technology sectors.

Umiya Mobile Limited has announced a significant expansion of its retail operations, marking its entry into Madhya Pradesh with a new store in Indore. This strategic move is part of the company's efforts to broaden its market presence and tap into new customer bases across India.

New Store Location

The company's latest "Owned" store is set to open at Plot Number 249, Usha Nagar, opposite Ranjeet Hanuman Mandir, Ranjeet Hanuman Road, Indore – 452009, Madhya Pradesh. This location in Indore, often referred to as the "Heart of India" due to its central location, represents a key milestone in Umiya Mobile's growth strategy.

Strategic Expansion

Umiya Mobile Limited expects this expansion to contribute positively to its revenue growth and increase its market share in the mobile retail sector. The new store is designed to offer an immersive retail experience, showcasing the company's latest products and services.

Customer-Centric Approach

By establishing a presence in Indore, Umiya Mobile aims to provide easier access to its offerings for customers in Madhya Pradesh. The company believes this move will not only strengthen its brand presence but also enhance customer convenience in the region.

Management's Perspective

Kishorbhai Jadwani, Director of Umiya Mobile Limited, expressed excitement about the expansion, stating, "This marks a major milestone as we bring our services to even more customers across the country. We are looking forward to serving our customers in these new locations."

Market Impact

The announcement of this expansion was made through an official intimation to the BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This development is expected to be of interest to investors and market watchers tracking the growth of retail chains in India's burgeoning mobile phone market.

Umiya Mobile Limited continues to focus on strategic growth opportunities, with this expansion into Madhya Pradesh potentially setting the stage for further market penetration in other regions of India.