Chennai-based courier company Xpress Deliveries has recently unveiled its retail business operation under the brand name Speedmails Deliveries. The company is operating for the last nineteen years and has presence all over Tamil Nadu, Hyderabad and Bangalore. Its clientele include Airtel, BSNL, ABN Amro, ICICI Bank, Chennai Corporation, The Tamil Nadu Traffic Police, Globus and many others. At the initial phase, the company will set up 30 franchised outlets in different part of Chennai, followed by expansion in other parts of Tamil Nadu by March 2009. In this regard, S Vijaykumar, the Director of the company, stated that since the company has proven its diligence as courier agent in the corporate world, the venture in retail is another step forward to expand the company’s portfolio. Presently, market size of courier industry is Rs.7000 crore and has registered a growth at 25% per annum. Speaking on the franchise facts, Vijaykumar revealed, that the minimum investment amount requirement is Rs.1 lakh. The outlet can be opened in an area of 200 – 300 sq. ft. at any commercial location.
