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Influx Group to invest Rs 100 crore in Retail Sector Projects

The Pune-based Rs 200 crore Influx Group announced last week that it will invest Rs 100 crore primarily in the Retail and Information Technology sectors in order to reach its target turnover of Rs 1,000 crore from its present Rs 200 crore in the next three years. The thrust of the Group will be Retail, Financial Marketing Services and Information Technology.

The Group is also present in the Entertainment Sector through a privately-held outfit called Influx Ideas and will launch two Marathi films soon. The films are already ready for release and the Group is waiting for the opportune moment to announce their release.

Widely acclaimed as one of the fastest growing groups in India, covering various businesses ranging from Retail, to Financial Services Marketing to Information Technology, the group has developed a strong corporate governance model based on core values of excellence, knowledge, innovation, care integrity and team work.

While interacting with a group of visiting media persons from Bangalore, Group Chairman and Managing Director Shivaaji Chamkire explained that the current customer base of four lakh pan-India would be increased to over ten million in the next three years, through its six group companies.

An ISO certified group, with quality as its top most priority, the organisation had spread its operations in 22 states. Explaining the performance of all the six companies, he said, the Influx Infotech company had set up an Offshore Development Centre in Bangalore for its software marketing activities. The company offered a wide range of innovative IT products and its ‘TOTAL Accounting Software’ was rapidly becoming a favoured choice of professionals across the country.

Armed with high-end infrastructure and an experienced back-end team, the company had already implemented a project in the Karnataka Chief Minister’s office to ensure paperless transactions through a software and was negotiating with the Orissa Government for introducing the same, he added.


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