Tanishq has drawn up plans to set up nearly 45-50 new stores during the current financial year, which include seven in Tamil Nadu.

With customers moving to organised jewellery shops, the company is investing considerable amounts to open 45-50 new stores across the country to add to the existing 385 stores present in 220 cities, according to Vijesh Rajan, Head, Retail, Tanishq-Titan, who was talking to reporters after unveiling the 45th retail outlet in Tamil Nadu.

Noting that 90 per cent of the stores were operated by franchisees, he said the company stores were spread across 3,000 sq ft, offering more than 2,000 designs across gold, diamonds and solitaires.

Replying to a question regarding the Tamil Nadu market, Rajan said Tamil nadu accounted for 10 per cent of total revenues of the company.