The company is also looking for a multi-fold growth in revenue to Rs 900 crore by 2030, up from the present Rs 150 crore, helped by expansion in the retail network, said a statement from SHR Lifestyles.

As part of its retail strategy, the company also has its presence in international markets with stores in Dubai, Abu Dhabi, Riyadh, and Sharjah - will have a strategic shift towards large-format retail formats in high-growth domestic markets.

"As part of this expansion, SHREE will increasingly focus on large-format stores ranging between 3,000–5,000 sq ft across metros and high-growth cities," it said.

Started in 2009, SHR Lifestyles’ brand SHREE focuses on affordable price points, targeting modern consumers with items for work and special occasions.