"We are planning to open 100 new stores in the next three years. Each of these stores will be opened with an average investment of Rs 60 lakh," TCNS Clothing Pvt Ltd CEO Vijay Mishra said.
The company, which mostly caters to the premium segment, is also making a foray into the budget segment with the launch of low cost brands.
TCNS presently has 30 exclusive outlets, most of them having an average size of 1,000 sq ft. The company now plans to increase the area size of their outlets as they go on setting up more stores in the next three years.
"We will increase the size of our outlets in the future by up to 1,500 sq ft," he said.
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TCNS is also looking to foray into jewellery and other fashion accessories segment and is presently talking to various players.