"We have already finalised 3-4 locations in Mumbai to open stores and talks are going on in cities like Delhi and Chennai. By the end of this fiscal, the plan is to set up 10-12 stores," Shah said.
Mandhana will spend around Rs 65 crore (Rs 650 million) by the end of 2012 -13 fiscal on the project, he said.
"Going ahead, we have a plan to expand the reach to Tier I and Tier II cities as well," Shah said, adding it would then look to expand presence of the range in multi-brand outlets, besides appointing franchisees.
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