Radha Exports on expansion trail

VERY few people shopping at the popular Valu$ and ABC Bargain Centre discount store chains would know that the group is owned by a low-profile family with big ambitions. Radha Exports group, which is behind the chains, now counts 46 stores and is on an expansion trail which could see the addition of another 80 outlets in Singapore over the next five years. The group is also a wholesaler and importer-exporter of consumer goods.

Its chairman, Naraindas Gangaram, told The Business Times that his company could also invest strategically in the manufacturing sector. "We are interested in investing in companies or factories in Asia that manufacture our core products such as snacks, confectionery and beverages, tissue paper, household supplies, cleaning materials, and other fast moving consumer goods," he said. "So, in the future we would like to manufacture direct and sell direct to the end-customer. This way, we save costs and the consumer benefits even more."

Radha Exports was set up in 1987 as a partnership, and became a private limited company in 1995.