Sep 11
Impact Retail a newly incorporated company is all set to share pie of $ 13.3 billion Indian Consumer Electronic Market. “We plan to open 30 exclusive Xcite consumer electronics showrooms in top 15 cities in the country by the end of 2009 with an investment of Rs 200 crore,” Srikant Gokhale, chief executive officer of Impact Retail, told media persons, after inaugurating the company’s first store in India at Hyderabad on Wednesday.
A typical Xcite store will have carpet area of 20000sqft and will house 3000 products from 150 national and international brands. It will also sell private label products under the brand Wansa. The store will give competition to retailers like Jumbo Electronics, e-zone etc.
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Rajeev Damani 
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September 25th, 2008 at 10:17 pm
The company is part of alghanim industries of kuwait. Since FDI in retail is not allowed they have taken the wholesale route. They have incorporated a wholesale company called YAAS wholesale and have formed an indian entity Impact Retail for front end. They are fooling indian govt and pumping in FDI money here.
September 26th, 2008 at 12:07 am
Hi Pappu,
Great, I was not aware of this background story.
September 28th, 2008 at 4:46 pm
Spread the word in the interest of the nation and our small & medium indian retailers.
December 11th, 2008 at 11:57 am
Please any body can help me with impact retail address in india
January 8th, 2009 at 1:50 pm
am lookin for the address n phone no of xcite store in hyderabad, pl help.
regards,
August 4th, 2009 at 2:50 pm
their office is in Vatika Tower DLf and one in JMD building at MG road..