The story
The company was an initiative of Essar Steel, a 14 MTPA steel producer and one of India's largest; to bring steel directly to SMEs and end-users. With its origins in India, Essar Steel sought to eliminate the role of intermediaries in the steel-buying process. The first Essar Hypermart opened in Gandhidham, Gujarat in 2006. Since then, its network has grown to include smaller franchisees and the 100th Essar Hypermart opened in Ranchi in 2010.
For the financial year 2009/2010, the company reported revenue of ₹3,600 crore (US$370 million).
From Wikipedia’s article on Essar Hypermart, shared under CC BY-SA 4.0.4