TTK Prestige has reportedly entered into partnership with SME lending platform Innoviti Payment Solutions, a start-up backed by marquee investors including Titan Company, Catamaran Ventures and New India Investment Corporation, Canada. This step has been taken looking at sluggish sales recorded in Prestige Smart Kitchen stores over the last three years.
With this partnership the company is on track to increase same store sales from 6 percent recorded in the nine-month period from April-December 2016 to 7.5 percent in the next 12 months with the potential to increase further over the next three years.
TTK Prestige is India's largest kitchen appliances company and is one of the Top 500 listed entities in India with a market cap of half-a-billion GBP.
