Satyug Gold Pvt Ltd plans to open 22 branches in different parts of the country, according to its Chief Executive Officer, Raj Kundra.
Speaking to newspersons at a press conference here on Thursday, Kundra said the proposed outlets would be spread across the south and north India. At present, Satyug has 62 partner outlets and seven own-outlets.
The company, which launched a gold plan wherein customers can buy gold from Rs 50 a day about two months ago, was aiming at acquiring two lakh customers with a turnover of Rs 400 crore by end of this financial year.
The gold plan comes with a guarantee from IDBI Trustees & Brinks as safe-keepers while all due diligence and back office work for Satyug would be managed by Karvy Computershare.