Bennett, Coleman & Company (BCCL) has acquired a stake in Pune-based Abbee Consumables and Peripherals Sshope (ACPSL). ACPSL's core business includes refilling inkjet and laser cartridges.
In 2003, the company launched the first Indian retail chain/franchisee operation 'Abbee Sshope', dealing in branded printer cartridge refilling services. In addition to the refilling services, Abbee Sshope also serves as a one-stop shop for ITeS companies.
B B Somani, CEO of Abbee Sshope, said, “This deal recognizes the potential of refilling industry in India. Presently the industry is fragmented in unorganized sector which does not have any accountability towards customers. Our retail chain is committed to fulfil the customers' demand for quality refilling at reasonable price. We are creating completely new ethos which will change the refilling industry in India.”
Abbee Sshope presently has five operational stores in Pune, two in Nasik and one each in Mumbai, Gurgoan, Indore and Bhopal.
The company also plans to open around 1,500 stores across 65 major cities in India in the next five years, thus catering to the ever increasing demand for branded cartridges refilling services.
Source: Times of India