Shahnaz Husain may raise Rs 200 cr PE to expand biz, launch coffee/book shops

13 Dec,2012

By Vijaya Rathore


Shahnaz Husain, a first generation herbal cosmetics and beauty salon entrepreneur, is in talks with international private equity firms to raise up to Rs 200 crore to expand her business globally as well as to launch a coffee and book shops chain.


“All these years we have remained a completely private company, with no outside shareholders,” Ms Husain, chairman and managing director of The Shahnaz Husain Group, says. “But the time has come when we are ready to get some private equity funding of around Rs 150 crore to Rs 200 crore,” she adds.


The money will be used to expand training centres and beauty salons across the world, and to launch a chain of coffee and books shops under ‘StarStruck’ brand. Husain also plans to retail gift items under ‘Shahnaz with Love’ label.


Ms Husain, who founded her company in 1970 with a “small sum of borrowed money”, is currently holding talks with 4-5 international PE investors.


She says the idea is to invest more money in the training centres and salons across the globe. “I also want to focus more on innovation, ideation, education and quality control.”


Ms Husain says she will soon establish a chain of cafes that will be a networking place for people with coffee and books. “We are looking for strategic partner for the same,” she says.


Her group operates and franchises a chain of around 4,000 salons in India and abroad, besides selling a wide range of herbal products at around 15,000 counters.


It has factories in Noida and also imports high-end beauty products from exclusive partners in Italy. Ms Husain says the company grew 37% last year.


She says the entry of a host of foreign beauty and cosmetics brands in the country will not impact her business much.


“We have been around for a long time. International brands in India today are where we were 30-40 years ago. They will be what we are today, 30-40 years from now,” Ms Husain says.


Source:The Economic Times

Copyright © 2012, Bennett, Coleman & Co. Ltd. All Rights Reserved


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