In an interview with CNBC-TV18, Manish Mandhana, CEO of Mandhana Retail Ventures spoke about the latest happenings in his company and sector.
Speaking to CNBC-TV18, Manish Mandhana, Managing Director of the company said sales had dropped in November, but have recovered this month. Second half of the year is expected to be better with festivals and wedding season.
Former Executive Director of Securities and Exchange Board of India (SEBI) JN Gupta says that there is something wrong with the company. The period of losses -- when the entire fraud process started -- is not clear. Though, the company says that auditors are looking at accounts, it has not been opening balances prior to April 2015.
Irrespective of this judgement, these charities have now been structured around Being Human Foundation and these will only continue or increase with time,†said Manish Mandhana.
In an interview to CNBC-TV18, Manish Mandhana, Managing Director of Mandhana Industries, spoke about the business opportunity and the company‘s future outlook.
Manish Mandhana has tied-up with Salman Khan’s ‘Being Human’ to set up eight-ten stores this year. He hopes to launch his Rs 800 crore textile, garment retail empire in the international market and make his presence felt on the web too. Young Turks finds out more about his plans and strategies on the road ahead.