MoneyWorks4Me

Olympic Cards opens its new retail outlet in Chennai

26 Dec 2013 Evaluate

Olympic Cards has opened its second retail outlet on December 26, 2013 at Old No. 20, New No. 49, S.R.P. Koil Street (North), Peravallur, Chennai. The company has entered into a Lease Agreement for a third retail outlet and interior designing work is in its final stages. The company is planning to open its third retail outlet on December 30, 2013. The Company is searching for a suitable place for a 4th Retail Outlet and the estimated time for opening was revised from December 2013 to end of January 2014.

Olympic Cards, incorporated as Olympic Business Credits (Madras) in April 1992, is presently engaged in the business of manufacturing and trading wedding cards, greeting cards, envelopes, letter heads, business cards, calendars, notebooks, account books, etc. It is also trading in the business of printing inks, however, the premier product is wedding invitation cards, which accounts for more than 45% of total group sales.

Peers
Company Name CMP
D.B. Corp 180.35
Jagran Prakashan 62.67
HT Media 24.07
Navneet Education 122.75
S Chand And Company 145.05
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