Type | Public |
---|---|
ISIN | INE02YR01019 |
Genre | Electronics retail chain |
Founded | 1980 |
Founder | Pavan Bajaj |
Headquarters | India |
Number of locations | Telangana, Andhra Pradesh, Delhi-NCR |
Area served | India |
Key people | Pavan Kumar Bajaj (Chairman & Managing Director) Karan Bajaj (Chief Executive Officer) |
Revenue | ₹4,344 crore (US$540 million) (FY 2022) [1] |
Electronics Mart India Limited (EMIL) is an Indian retail company of electronics home appliances and consumer durables. [2] [3] It is headquartered in Hyderabad, Telangana and currently operates 121 stores under its several brands across Telangana, Andhra Pradesh and Delhi NCR. . [4] [5]
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EMIL commenced its business operations in 1980 under Pavan Bajaj. [6] As a sole proprietary concern by setting up a consumer durable and electronic retail store in Lakdi ka pul, Hyderabad under the name of Bajaj Electronics. [7] In 2011, sole proprietorship was converted into a partnership firm named Bajaj Electronics. In 2018, the partnership firm was converted into a public limited company. EMIL also opened its 50th store in Hyderabad in 2018. [8] Two years later, they crossed rupees 30,000 million in net sales. [9] In September 2021, the company filed offer document with SEBI to raise Rs 5000 million through an initial public offer. [10] [11] Later in October 2022, EMIL was successfully listed on National Stock Exchange and Bombay Stock Exchange. [12]
EMIL made a debut in the stock market with their stock opening at Rs 89.40, a 52 per cent premium over its issue price on BSE. [13] [14] In NSE, its shares were listed at a 53 per cent premium at Rs 90 as against its issue price of Rs 59 per share. [15] [16]
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