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.

Umiya Mobile Limited , a prominent player in the mobile retail sector, has announced an extensive expansion plan that will see the company open 25 new retail stores across Gujarat and Maharashtra. This strategic move aims to strengthen the company's presence in key markets and enhance its accessibility to customers in various cities.

Expansion Details

The expansion plan includes the opening of:

• 11 new stores in Gujarat
• 14 new stores in Maharashtra

Gujarat Expansion

In Gujarat, Umiya Mobile Limited is set to establish a presence in several cities, including:

• Ahmedabad
• Danta
• Deesa
• Dhanera
• Botad
• Dwarka
• Patan
• Bhiloda

Maharashtra Expansion

The company's expansion in Maharashtra covers a wide range of locations, including:

• Ahmednagar
• Jalgaon
• Nashik
• Nagpur
• Pune
• Silvassa
• Buldhana
• Nandurbar

Strategic Locations

Umiya Mobile Limited has carefully selected the locations for its new stores, focusing on high-visibility areas and convenient access for customers. Some notable locations include:

• A shop near the Central Bank of India in Ahmednagar, Maharashtra
• A store in the New Nagar Palika Shopping Complex in Amalner, Jalgaon
• A presence near the Baidhnath Factory in Nagpur
• A shop opposite an Indian Oil Petrol Pump in Shirur, Pune

Company Statement

In an 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 is committed to keeping investors and stakeholders informed about the progress of this expansion initiative.

Implications for Growth

This expansive retail strategy suggests that Umiya Mobile Limited is positioning itself for significant growth in the mobile retail sector. By increasing its physical presence across two states, the company is likely aiming to:

1. Capture a larger market share in the mobile retail space
2. Improve brand visibility and customer accessibility
3. Potentially increase sales and revenue through a wider distribution network

Conclusion

Umiya Mobile Limited's announcement of 25 new retail stores marks a significant step in the company's growth strategy. As the mobile market continues to evolve, this expansion could play a crucial role in strengthening the company's competitive position in Gujarat and Maharashtra.

The company has promised to provide further updates on the developments regarding this expansion, indicating a commitment to transparency and ongoing communication with its stakeholders.