|REI Six Ten Retail Limited is a Company duly incorporated under the provisions of the Companies Act, 1956 having its registered office at 'Everest House', 46C, Chowringee Road, 15th Floor, R.No.15B, Kolkata- 700071(West Bengal).
The Company has been incorporated in the year 2007 (CIN No.U51909WB2007PLC117926) and carrying on the business of processing and selling agro/non- agro products through its stores comprising multiple formats. This is a resulting company of scheme of arrangement between REI Agro Limited and REI Six Ten Retail Limited under which the retail undertaking of REI Agro Limited is now being run by the Company.
The retail industry in India is presently fragmented and mostly controlled by single person or family run retail outlets. The retail industry in India is now evolving with the increased presence of large players mostly setting up departmental stores. Traditional markets are making way for departmental stores, hypermarkets, supermarkets and specialty stores. The modern malls cater to shopping, entertainment and food, all under one roof. However, the organized retail is still only a small portion of the total retail in the country.
The major growth drivers that are expected to bring about the retail revolution in India can be listed as under: