The Indian Retail sector is highly fragmented with 97% of its business being run by the unorganized retailers like the traditionally family run stores and corner stores. The Organized retail is however at a very nascent stage though attempts are being made to increase its proportion to 9 to 10% bringing in a huge opportunity for prospective players. The sector is the largest source of employment after agriculture & has deep penetration into rural India generating morethan 10% of India's GDP.
The last few years have witnessed enormous growth by this sector thanks to investments in technology and real estates building a world class shopping environment for the consumers. It has witnessed a huge invasion of international brands, expansion plans, focus on technology, operations & processes.
The above facts while presenting a great market opportunity, also provides major challenges to meet the technological requirements of every retailer at the affordable budgets. Millennium has been a forerunner in meeting these challenges with a wide variety of POS product offerings & tailoring solutions to meet every customer needs.