Organized retail print player Printo to open 250 outlets

Print and document services are an unorganized industry in India. Printo Document Services, (PDSPL), a Bangalore based company formed with angel funding has announced plans to ramp up their outlets from the current six in Bangalore to 250 over the next three years or even earlier.

The document services and print market in India is about Rs 170 billion per year, and growing even at conservative estimates by about 80 per cent annually. The market is expected to touch 1.6 per cent of the GDP and beyond according to industry speculation. Printo claims to be the first player in India on this scale. They have chalked out their growth in three phases – the first phase was opening on six outlets in Bangalore, which has already been completed. The second phase which is expected to be complete over the next 12 months is targeting 54 outlets in the metro cities in India. The focus however is more towards the south of the country. During the third phase Printo plans to open up to 250 outlets, 60-70 of which would be through the franchisee route. The total investment would be in the range of Rs 1 billion.