The company today
inaugurated the first stores of its retail chain ‘Maya’ here in the city,
Gitanjali Lifestyle said in a
statement.

“Gitanjali Lifestyle
is looking at creating 60 stores in the next 5 years in cities like Indore,
Raipur and Guwahati,” Gitanjali Lifestyle Chief Executive Officer Devasish Dutta
said.

He, however, did not
disclose the company’s investment
plans.

The company would open
one more Maya store in Delhi, before venturing into the rest of the
country.

“Gitanjali, being a
successful jewellery retailer with national and international brands, is looking
forward to extending its retail and marketing expertise to complement its
product categories. With the launch of Maya, our aim is to be amongst the
leading players in the Indian retail space,” Dutta
said.

The company’s stores will
have various formats in size ranging from small stores of 500 sq ft to
departmental stores of 25,000 sq
ft.

“Besides these there are
two malls of about 2 lakh sq ft each in the pipeline,” Dutta added.