Her anticipated departure comes at a critical juncture for the Walmart-owned company, which is reportedly preparing for a potential public listing within the next 12 to 15 months.
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The industry body also called for temporary relaxation of Quality Control Orders (QCOs) to enable easier sourcing of critical raw materials, particularly for micro, small and medium enterprises.
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As of 31st March 2026, the company operated 263 stores, up from 214 a year earlier, representing a 23% increase.
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Asawa stated that he was assuming the responsibilities of Chief Executive Officer and Managing Director following a year dedicated to a carefully planned onboarding and phased transition process.
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SHR Lifestyles aims to more than double its store network to approximately 300 outlets across India within the next three years, as part of a broader pan-India growth plan.
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The Indian master franchise will be led by Suresh Raghuraj and Deepika Loganathan, both of whom bring extensive experience in multi-brand franchising.
