Eros Group, the sole distributor of Samsung, Hitachi, Candy & TCL and one of the leading players in consumer electronics, telecom, and allied multi-products in the Middle East, has been present in the UAE and Gulf for more than 40 years, while its retail division boasts 28 outlets across the UAE.
Deepak Babani, CEO of Eros Group, said, ‘We have been partners with Hitachi for over four decades. We share our aspirations for growth, our futuristic outlook, and we have a history of successful business relationships.’
According to Babani, the consumers can expect a 5 to 10 per cent drop in electronic prices in 2010. “However, the price of appliances, which held on in 2009 after steadily rising since 2006 due to hike in raw material prices, will remain unchanged in 2010.”Hitachi’s partnership with Eros Group dates back to 1967, when the company owned by the Badri family had almost 4 employees and a tiny showroom in Deira.
Elaborating on Eros Group’s expansion plans, Babani said, ‘We said before that we would like our turnover to reach Dh2 billion in 2010. We aim to reach closer to our consumers by expanding our retail operations.”We intend to open 3-5 outlets in UAE, and have already opened a new warehouse in Abu Dhabi to address the growing consumer demands in the Emirate. Regionally, we are setting up branch offices in Qatar, Bahrain, and Oman,’ said Babani.
Eros has been doing its own share of growth. The group recently opened its 28th retail outlet in the UAE at the Mirdiff City Centre after announcing 2009 sales of Dh1.6 billion, a growth in sales of 15 per cent in a year marked by a global recession, he added.