Richfeel, which runs a chain of hair and scalp care clinics, plans to add 25 centres across India and overseas in the next two years as part of its expansion plans.
"Currently Richfeel has 75 clinics in 25 cities in the country. In next two years network would have over 100 clinics including the ones that are planned for Dubai and Abu Dhabi," Richfeel Apoorva Shah told PTI.
The company has major expansion and growth plans for the next two years in terms of widening clinic network, increasing portfolio of the latest and best global technologies, he added.
"In India our expansion plans would be by and large in the cities that where we are currently present," Shah said.
The company has presence in cities such as Ahmedabad, Bengaluru, Chandigarh, Dehradun, Delhi, Gurgaon, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Ludhiana, Mumbai, Nagpur, Nashik, Noida, Pune, Siliguri, Surat and Udaipur.
When asked about the investment amount, Shah said: "Each clinic investment is around Rs 70 to 80 lakh."
This would be through internal accruals, bank dept and private equity investment in the company, he added.
On the size of the hair and scalp market in the country, Shah said: "The market in India is estimated at 3 USD billion and trichology services are a small part of it, which is growing fast."
Established in 1986 by Apoorva Shah and Sonal Shah, Mumbai based Richfeel employs over 800 people and more than 150 medical trichologists.
