Chennai Silk eyes expansion in south

The Chennai Silks group with the five-decade-old family business is now looking at expanding its footprint

 in southern states. Also on the anvil is foray into real estate business.

Founded by A Kulandaivel Mudaliar in 1962 it is today an integrated textiles company. On the front-end, it has 13 stores, each of which witnesses footfalls of 25,000 a day. On weekends, this number increases to 40,000 and during festival season rises to about a lakh. Already, it has a footprint in Tamil Nadu cities such as Chennai, Coimbatore, Tirupur, Erode, Tiruchi, Karur, and Tirunelveli.

Most of its businesses have been built around its core textile business. One of its related extensions has been in IT. It has an in-house software to handle supply chain management, billing and sourcing. Its vendors also use it. The other related extension has been in building an e-commerce portal for online buyers. The business done online is currently equal to what they sell in a single store.