Al Adil Trading proposes to further boost its regional growth by launching Masala King Export Trading in the UAE soon, which would manufacture a whole range of Indian food and grocery items, company chairman and managing director Dr Dhananjay Datar said.
"2015 has been a year of strategic expansion as far as Al Adil Trading is concerned. We expanded our retail presence with opening of key outlets in Oman, Bahrain, Dubai and Sharjah. This has been part of our conscious effort to enhance our presence in a strategic manner without compromising on our core values," added Dr Datar.
"From an organisation point of view we ensure that our growth and expansion plans are in tandem with our long-term objectives and I am happy to state that our projects in 2015 have moved in that direction. I am happy to state that we have exceed our expectation both in terms of volume as well as sales."
Al Adil has expanded itself into a major network from a small supermarket store in Bur Dubai to a chain of 30 retail outlets, two flour mills and two spice factories within the Middle East. The brand's mid-to-long-term plan includes expansion into other GCC countries.
The company has also diversified into import and export under the special class establishment with trade lines in the US, Canada, Tanzania, Kenya, Switzerland, Italy and Eritrea, as well as Kuwait, Oman and the UAE. The group directly employs 375 employees and about 500 indirectly in the UAE and India. The firm's major focus is on establishing a marked presence in Al Ain, Abu Dhabi, Ras Al Khaimah, Sharjah, Kuwait and Qatar.
"Currently, Al Adil has 27 outlets in the UAE and we will open a minimum of 20 more supermarkets which will cater to the demands of the predominant Indian expatriate community," said Dr Datar.
Asked if movements in the Indian currency has impacted the group, Dr Datar said: "The rupee's fluctuation has got a deeper impact on our business. Fortunately we have our own production facilities in India as well as the UAE, which help us to meet the rupee fluctuations without any major repercussions. We always try to balance our commitments so that we do not get affected in the long run."
Congratulation!