Archies (company)

Last updated

Archies Ltd
Type Public
ISIN INE731A01020
Industry Greeting cards
Founded1979;44 years ago (1979)
FounderAnil Moolchandani / Jagdish Moolchandani
Headquarters New Delhi, India
Area served
Worldwide
RevenueDecrease2.svg77.88 crore (US$9.8 million) (2021) [1]
Decrease2.svg3.43 crore (US$430,000) (2021)
Decrease2.svg−2.39 crore (US$−300,000) (2021)
Total assets Decrease2.svg189.93 crore (US$24 million) (2021)
Total equity Decrease2.svg107.58 crore (US$13 million) (2021)
Website www.archiesonline.com

Archies Limited (earlier called Archies Greetings and Gifts Ltd) is an Indian multinational retailer of greeting cards and gifts, based in New Delhi. [2]

Contents

History

Founded in 1979 by Anil Moolchandani, the company initially sold song books, posters and leather patches. The company's main product, greeting cards, was introduced in 1980. Cards were introduced for major Indian festivals such as Holi, Diwali and Rakhi, apart from the usual new year, birthday and anniversary occasions. The company went public in 1995. In 1998, it was listed on the National Stock Exchange of India and Bombay Stock Exchange.

Archies Limited is in the business of manufacturing and selling greeting cards and other social expression products such as gifts and posters. Archies has a market share of about 50% of India's greeting cards market. [3]

Outlets and Stores

Archies has about 250+ franchise and 230+ exclusive outlets, called Archies Galleries, spread across 120 cities [4] and 6 countries. It has tie-ups and licensing arrangements for merchandising characters such as Dennis the Menace and Disney characters. It has arrangements with Paramount Cards Inc., Anne Geddes, and American Greetings, for greeting card design and name use.

Expansion

Following the increasing popularity of e-cards, Archies started its online portal in 2000. [5] [6] The company expanded its product range to include artificial jewelry, crystal ware, chocolates and perfumes, and accordingly changed its name to Archies Limited in 2002.

Related Research Articles

<span class="mw-page-title-main">Stock exchange</span> Organization that provides services for stock brokers and traders to trade securities

A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform.

<span class="mw-page-title-main">National Stock Exchange of India</span> Indian stock exchange

National Stock Exchange of India Limited is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. It is one of the largest stock exchanges in the world by market capitalization. NSE's flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.

American Greetings Corporation is a privately owned American company and is the world's second largest greeting card producer behind Hallmark Cards. Based in Westlake, Ohio, a suburb of Cleveland, the company sells paper greeting cards, electronic greeting cards, gift packaging, stickers and party products. In addition, the company owns the Carlton Cards, Tender Thoughts, Papyrus, Recycled Paper Greetings and Gibson brands.

Stamp duty is a tax that is levied on single property purchases or documents. A physical revenue stamp had to be attached to or impressed upon the document to show that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp.

De La Rue plc is a British company headquartered in Basingstoke, England, that produces secure digital and physical solutions to protect goods, trade and identities in 140 countries. It sells to governments, central banks and businesses. Its Authentication division provides Government Revenue Solutions, Brand Protection and ID Security Solutions, such as polycarbonate data pages for passports. Its Currency division designs and produces banknotes, secure polymer substrate and banknote security features. This includes security holograms, security threads and security printed products for central banks and currency issuing authorities. It is listed on the London Stock Exchange. It is the world's largest commercial printer of banknotes.

<span class="mw-page-title-main">Hindalco Industries</span> Indian multinational aluminium manufacturing company

Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India.

<span class="mw-page-title-main">CMC Limited</span> Indian technology services company

CMC Limited was an information technology services, consulting and software company owned by Government of India headquartered in New Delhi, India. In 2001, CMC was sold by Government of India to Tata Consultancy Services and its owner, the Tata Group by the Indian Government.

<span class="mw-page-title-main">Studio Retail Group</span> British home shopping company

Studio Retail, known until July 2019 as Findel plc, founded in 1962 as "Fine Art Developments" is a British home shopping company currently part of Frasers Group after they acquired Studio for £26.8 million in 2022.

<span class="mw-page-title-main">Clintons</span> Chain of stores in the UK

Clintons, previously branded as Clinton Cards, is a chain of stores in the UK founded in 1968 by Don Lewin and best known for selling greeting cards. It also sells soft toys and related gift products.

<span class="mw-page-title-main">Vanquis Banking Group</span> British sub-prime lender

Vanquis Banking Group, formerly Provident Financial plc, is a British bank headquartered in Bradford, England which specialises in credit cards, loans and consumer vehicle finance. It primarily services customers with a sub-prime credit history who have been declined for credit from mainstream lenders. It also offers fixed-rate and notice savings accounts under the trading name Vanquis Savings. It is listed on the London Stock Exchange.

Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and Fourth largest by Market capitalisation.It sells financial services to large and mid-size companies, SMEs and retail businesses.

<span class="mw-page-title-main">Hallmark Cards</span> American company specializing in greeting cards and gifts

Hallmark Cards, Inc. is a private, family-owned American company based in Kansas City, Missouri. Founded in 1910 by Joyce Hall, Hallmark is the oldest and largest manufacturer of greeting cards in the United States. In 1985, the company was awarded the National Medal of Arts.

<span class="mw-page-title-main">General Insurance Corporation of India</span> Indian public sector insurance company

General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian public sector reinsurance company which has its registered office and headquarters in Mumbai. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.

63 Moons Technologies Limited, formerly Financial Technologies (India) Limited until 2016, is an Indian company which provides technology ventures, financial platforms and solutions for creating digital markets and marketplaces. It is headquartered in Mumbai, India. It was formed in 1988 and funded by Jignesh Shah. The company offers technology intellectual property to create and trade on financial markets. It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003. FTIL has divested of its domestic and international ventures.

<span class="mw-page-title-main">Ashish Chauhan</span> Indian business executive and administrator

Ashishkumar Chauhan is an Indian business executive, administrator and current Chancellor of University of Allahabad. In July 2022, Chauhan is managing director and chief executive officer of National Stock Exchange (NSE). He was the managing director and chief executive officer of the Bombay Stock Exchange (BSE). and his term will complete in November 2022. He also serves as the member of Governing council of one of the premier B school in India - IIM Raipur. Ashish is best known as the father of modern financial derivatives in India, and is considered one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications and Indian social issues.

<span class="mw-page-title-main">ITC Limited</span> Indian multinational conglomerate

ITC Limited is an Indian conglomerate company headquartered in Kolkata. ITC has a diversified presence across industries such as FMCG, hotels, software, packaging, paperboards, specialty papers and agribusiness. The company has 13 businesses in 5 segments. It exports its products in 90 countries. Its products are available in 6 million retail outlets.

<span class="mw-page-title-main">Kaya Limited</span>

Kaya Clinic is an Indian multinational skincare, haircare, and bodycare treatment provider. It was founded in 2003 by Harsh Mariwala, the chairman of Marico.

Bajaj Finance Limited (BFL) a subsidiary of Bajaj Finserv, is an Indian non-banking financial company headquartered in Pune.

<span class="mw-page-title-main">India International Exchange</span> Indias first international exchange

The India International Exchange Limited (India INX) is India's first international stock exchange which is launched as a subsidiary of the Bombay Stock Exchange (BSE). It is located at the International Financial Services Centre, GIFT City in Gujarat.

<span class="mw-page-title-main">IDFC First Bank</span> Indian private sector bank

IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.

References

  1. "Latest Stock/Share Market Updates - Corporate News - Announcements - BSE".
  2. "Contact|Send Fresh Flowers To India|Buy Fresh Flofgd wers|Rose|Bunches|Business Queries". Archiesonline.com. Archived from the original on 11 February 2010. Retrieved 7 August 2010.
  3. "Archies captures half of India's greeting cards market". The Economic Times. 31 December 2007. Retrieved 7 August 2010.
  4. "Archies Superbrand Article". Archiesonline.com. Archived from the original on 21 June 2010. Retrieved 7 August 2010.
  5. "Archies: The Way Indians Greet | Business Strategy Case Studies | Case Study in Business, Management". Icmrindia.org. Retrieved 7 August 2010.
  6. "Science Fair Projects - Archies Limited". All-science-fair-projects.com. Archived from the original on 26 July 2011. Retrieved 7 August 2010.