Franchise India Holdings Ltd, is probably the first integrated franchise and retail solution company in the country. The company has consulted numerous brands like Videocon, HP, Reebok, HCL, Kwality Walls, Tata, Gitanjali, HSBC and many more through its media initiatives, advisory services and exhibitions.
Gaurav Marya, president of the company is quite optimistic about the franchising climate in India. The company, in fact, has lined up couple of deals in the pipeline including Lamborghini, Manchester United, Guinness Book of World Records etc. Marya in an email interview to FE’s Kavitha Venkatraman, talks about his plans for the international market through acquisitions, market in India, industry and competition. Excerpts:
What do you think about the franchising industry in India as compared to other countries? What is the role of the government in the growth of the sector?
In India, the franchising industry received a fillip during the 1990s due to opening up of the economy. Since then, sales from franchised business have grown at an average rate of 25% to 35% compared to an economic growth rate of 6% to 9%.