T Spiritual World Ltd to open retail outlet for wellness

T Spiritual World Ltd has announced expansion plan and to open retail outlet for wellness world all over India for product sales & Services. The Company is planning for expansion and diversification and enhancing its existing business. In this respect, the Company is implementing of various projects such as to open retail outlet for wellness world all over India for product sales & Services. The Board discussed the following subjects in details.

The Company's mission is to help individuals and corporates achieve physical, mental, emotional and spiritual balance using various wellness products and services. The Company wants to achieve this mission by setting up retail outlets at various strategic locations all over the world. These retail outlets will be called "Wellness World."

Each of these centers will provide wellness products and services.

- Wellness Products - Books, Audio & Video CDs, Yantras, Acupressure Products, Candles & incense, Horoscopes, Feng Shui Products, Pyra Vastu Products, Crystals & Gemstones, Spiritual Kits, Idols, Company's Own Products.

- Wellness Services - Astrology, Vastu, Feng Shui, Acupressure, Sujok, Diet & Lifestyle Counselling, Aura Healing, Pranic Healing, Tarot, Naturopathy.

The concept is very simple yet unique. The common ground between the healing philosophies will be teaching customers to develop lifestyles which nurture good physical and mental health, and using natural remedies whenever possible to alleviate disease, cleanse the body and stay healthy.

Total floor space required for each retail outlet would be between 500 - 600 square feet. Each of the wellness world outlets will be equipped with state of the art equipment as present in a retail store. The Company plans to launch its first set of retail outlets in the NCR region and then gradually take this concept on a national level. Each of these centers will be set up in main market areas / Malls with direct access to the consumers. It is the Company's intention to set up 100 such retail outlets all over India in the next 3 years.

The $270 billion. Indian retail market is growing at the rate of 13% and the organized segment grew nearly 48% in 2006 at prevailing prices. Only about 5% of the total Indian retail market is organized. Health & Beauty Care Services are amongst the fastest growing retail categories growing at 59% p.a. and is currently worth $2.7 billion or Rs 10,800 crores. (IMAGES F&R Research India Retail Report 2007).

Source : Equity Bulls

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