COMPANY PROFILE
Through this overview, we aim to introduce you to the company's mission, history, market positioning, operational structure, and financial objectives. This snapshot provides a foundational understanding of Marri Retail's core business and its credible journey thus far.
Company Summary
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Marri Retail Pvt Ltd is a retail chain that specializes in offerings of a diverse range of fashion and ethnic clothing including sarees, a wide range of women’s, men’s and kids’ wear products, ready-made garments, apparel, textiles, and several types of Jewellery, such as gold, silver, and diamonds. It started in 1997 as a small men’s-only showroom and has grown to 35 stores till date across Hyderabad, Telangana, Andhra Pradesh,Karnataka & Maharashtra The company caters to a diverse customer base and offers a wide range of products.
Vision Statement
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“Striving to become the ultimate one-stop family shop for apparel and Jewellery needs, Marri Retail - envisions as the go-to destination for the entire family needs seeking value-fashion. We aspire to offer an extensive range of affordable, high-quality products, all through the year to our large customer fraternity. Our vision centers around providing a convenient, hassle-free shopping experience for all, making us the trusted choice for affordable fashion.”
Mission Statement
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Our mission is to provide high quality clothing, ready-made wear, and Jewellery to our wide customer base, which are affordable, offering convenient shopping experience, with an honest endeavor in earning our customers’ continued trust by maintaining a strong commitment to authenticity, craftsmanship, customer delight and excitement.
Company History
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Marri Retail had a humble beginning in 1997, the journey commenced with the inception of the first showroom of Jeans Corner in Ameerpet, Hyderabad, focusing primarily on men's fashion. Subsequently, in 2004, recognizing the need to extend their offerings to women’s, girls, kids, and family in general, the first family mall - JC Brothers was set up in Ameerpet, and gradually added two more stores in Dilshuknagar and Kukatpally. Concurrently, three more stores of Jeans Corner have been added till date.
In 2009, The first The Chennai Shopping Mall (TCSM)was established, primarily aimed at providing comprehensive solutions for bridal and groom attire. Over time, new stores of TCSM were added, and the geography of operation was extended beyond the twin cities of Hyderabad into various districts in Telangana, Andhra Pradesh, Karnataka & Maharashtra. At present, we operate 27 Chennai Shopping Malls.
The year 2018 saw the launch of the first showroom of JS Babu Silks, targeting the upmarket and premium segments of the saree market. Presently, the company operates one store of JS Babu Silks. Continuing this journey, JC Mall, a dedicated shopping destination for the middle-income segment was opened in Andhra Pradesh.
Over the years, Marri Retail has expanded its footprint, and has established a strong presence with 35 stores in prime locations and the cumulative floor space of these establishments spans an impressive 9.5 lakh square feet approximately of retail space in the state of Telangana (20 stores), Andhra Pradesh (12 stores), Karnataka (2 Stores) and Maharashtra (1 Store)
Ownership
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Marri Retail Private Limited (MRPL), formerly known as JC Brothers Retail Private Limited, was founded in 2004 as a partnership firm by Mr. Marri Venkat Reddy, Janardhan Reddy and family members. In July 2008, it underwent a significant transformation by transitioning into a private limited company.
Previously incorporated as JC Brothers Retail Private Limited, the company initiated a rebranding effort in February 2022. This rebranding involved a name change to Marri Retail Private Limited, marking a new chapter in the company's evolution.
The day-to-day operations of MRPL are expertly managed by Mr. Marri Venkat Reddy, ably supported by a team of experienced professionals ensuring the continued growth and success of the business.
Major stakeholders in the company comprise of, Marri Venkat Reddy, his family members and Venkata Krishna Pakalapati, who bring a diverse set of skills, knowledge, and experience to the business.
Promoters
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Marri Retail Pvt Ltd is originally founded by the visionary and first-generation self-made entrepreneur Marri Venkat Reddy, whose unwavering commitment to excellence and business acumen has propelled the company into a revered and rapidly growing organization. He has played a pivotal role in the continued success of Marri Retail. His remarkable foresight has been instrumental in identifying niche markets and setting the strategic direction for the company. Marri Venkat Reddy's passion for preserving South Indian traditions while appealing to a modern audience has led to a transformative journey. Under his exceptional leadership, Marri Retail has expanded its reach, consistently introduced innovative products, and set new benchmarks in the retail sector. Presently, Mr. Janardhan Reddy does not take an active part in the operations of the company.
