Nilgiris (supermarket)
From Wikipedia, the free encyclopedia
Nilgiris is a supermarket chain in South India, which is very popular among the locals for its good quality products and self-service shopping experience. It is also one of the oldest supermarket chains in India with origins dating back to 1905 and hence it's products are sold under the brand name of "Nilgiris 1905". Also, unlike almost all other supermarkets and grocery shops in India, Nilgiris sells its own products among other brands.
The origin of this supermarket chain can be traced back to Muthusamy Mudaliar, who was a mail runner for the British in colonial India. Muthusamy carried letters and cheques for the British from Mettupalayam to the hill stations of Ooty and Coonoor. As he was flooded with requests to carry dairy products and other items, he opened a small shop in 1905, after buying the butter business of an Englishman in Vannarpet and soon, "The Nilgiri Dairy Farm Ltd." was established. In 1936, he moved his shop to Brigade Road, Bangalore. The Nilgiri Dairy Farm Ltd. specialized in dairy, dairy products, bakery and chocolates. Muthusamy's son Chenniappan expanded the company by setting up a modest store in Bangalore to sell Nilgiris' own products. However, after Chenniappan's visit to the U.S. and Europe, this modest store was expanded into a supermarket. Though Chenniappan was influenced by the supermarket concept in the U.S. and Europe, he developed the Nilgiris supermarket to fit in with the local culture and set guidelines for it's growth. Soon, the Nilgiris supermarket chain spread to Chennai, Erode and Coimbatore.
In September/October 2006, Actis, a UK-based private equity investor, invested US$65 million in the Nilgiris Group in order to strengthen the group's manufacturing and franchising operations in South India. This investment has given Actis a controlling interest (more than 51% stake) in the Nilgiris group.
[edit] References
1. http://www.hinduonnet.com/thehindu/mp/2001/12/13/stories/2001121300030100.htm
2. http://www.sathguru.com/Note_on_Retail_Industry.pdf
3. http://www.act.is/press/releases/pr_nilgiris.asp
4. http://www.thehindubusinessline.com/2006/09/02/stories/2006090203850100.htm
5. http://www.hinduonnet.com/fline/fl2305/stories/20060324002610000.htm
