Why are all 24 seven stores closed in Delhi?

24Seven stores in Delhi-NCR, Chandigarh, and Hyderabad are closed because the owner, Godfrey Phillips, shuttered the chain in August 2024 due to significant financial losses, negative net worth, and a strategic decision to exit the retail business. The stores are currently undergoing a transition, with retail startup The New Shop in talks to acquire and rebrand them.

Why are all 24-7 closed in Delhi?

Its investor, @GodfreyPhillips ceased operations of all @24SevenIN stores last week due to cash shortages. The chain had 90 full-format outlets and 40 kiosks, mostly in Delhi-NCR and Chandigarh, with some presence in Hyderabad.

Who owns 24-7 in India?

Birth of 24Seven

The KK Modi Group acquired a substantial piece of cake in the company named Godfrey Philips India Limited in 1936. The company mainly manufactured various types of cigarettes. The company launched its vertical “24Seven” in 2005 owned by Sameer Modi, the 3rd generation of the ModiCare group.

Who owns Twenty Four Seven?

In 2005, 24Seven was introduced, claiming to be India's first 24-hour convenience shop. The KK Modi Group company owns the retail chain 24Seven, which has about 145 stores in Hyderabad, Delhi, NCR, Punjab, and Tri-City.

How much does it cost to buy a 24Seven franchise in India?

The 24 Seven franchise operates on a FOCO (Franchise-Owned Company-Operated) model. It requires an investment ranging from 50 to 60 lakhs. With a promising return on net sales of 6% to 7%, investors can expect a solid return on their investment.

this is the indian 7/11

What is the net worth of Dr Bina Modi?

As per corporate shareholdings filed for December 31, 2025, people matching bina modi publicly holds 1 stocks with a net worth of over Rs 1,175.5 Cr.

Is 24 Seven shutting down?

Godfrey Phillips India Ltd. informed exchanges on April 12 that it will be closing its retail business division 24Seven after conducting a thorough assessment of its operations.

Who is the founder of 24 seven?

Another brainchild of Samir K. Modi is the 24Seven Convenience Stores; India's first of its kind round-the-clock convenience retail chain, launched in 2005. It now has over 90 stores in Delhi-NCR and Chandigarh.

Is 24/7 a franchise?

24 Seven is a retail franchise that is dedicated to bringing convenience to customers by providing a broad array of products and services around the clock. From the daily necessities to specialty items, 24 Seven strives to satisfy all the customer's requirements, regardless of whether it is day or night.

Is liquor banned in Delhi?

Residents in Delhi will be unable to buy alcohol on five key dates between January and March, including Republic Day and Maha Shivratri, the Delhi Excise Department has announced. The ban, announced on Friday, will prohibit liquor sales at liquor shops, bars and clubs on designated national and religious festivals.

Are shops closed on Sundays in Delhi?

In many states the shops are closed on Sundays, while in Delhi, many shops close on a particular weekday and remain open on Sundays. In major metros, you may find malls and department stores open all seven days until 20:00 hours.

Is Qutub Minar closed on Monday in Delhi?

Qutub is open on Monday . The information given by pujapuri is 100% correct.

What happened to 24-7 stores in India?

All 24Seven outlets in Delhi-NCR are expected to be closed as the parent company, Godfrey Phillips India, has decided to exit the retail business division "24Seven" due to accumulated losses, meaning all stores will likely be shut down; there are reports of potential acquisition talks with a company called "The New ...

Which is the cheapest franchise to buy in India?

Top 23 Small and Low-Investment Franchise Businesses in India

• mr. blue – Laundry & Dry Cleaning Franchise.
• DTDC Courier & Logistics Franchise.
• InXpress – Courier & Delivery Franchise.
• Tea Time Franchise.
• Lassi Shop Franchise.
• Rolls King Franchise.
• Amul Ice Cream Parlor Franchise.
• Patanjali Store Franchise.

Is MBA Chai Wala profitable?

Conclusion: The Chai Wala's Financial Brew

While we can't pinpoint an exact figure for MBA Chai Wala's monthly income, it's clear that he runs a profitable business, which is a big success! The income streams are diverse, the brand is strong, and the business model is scalable.

Who is Samir K. Modi?

About Samir K Modi

Samir K Modi is an Angel Investor from Delhi. Prominent investment areas are Fin-Tech, Commerce and Shopping, Sales and Marketing and has invested in startups like Pocketatm.

Who is KK Modi?

K. K. MODI

Born in Patiala, India, Krishan Kumar Modi (August 27, 1940 - 2 November 2019) was the eldest son of Rai Bahadur Gujarmal Modi, the founder of Modi Enterprises. Moving away from the traditional businesses of the family, K. K. Modi guided the Group's strategic development and gave it overall direction.

What about Modicare?

Modicare started in 1996 and pioneered direct selling in India. Modicare started with 1 center, 7 products and approximately 400 Consultants. Today it has Pan India presence with over 40 centers catering to over 2700 cities. It has over 100 products and 100000 active consultants.

Why did 24/7 close in Delhi?

Godfrey Phillips ceased operations of all 24Seven stores last week due to cash shortages. The chain had 90 full-format outlets and 40 kiosks, mostly in Delhi-NCR and Chandigarh, with some presence in Hyderabad.

Which stores will not make it to 2026?

Retailers and restaurants that have already announced closures...

• Carter's. Children's clothing is displayed at a Carter's Babies and Kids store on November 17, 2025 in Colma, California. ( ...
• Foot Locker. ...
• Kroger. ...
• Macy's. ...
• Red Robin. ...
• REI. ...
• Walgreens. ...
• Wendy's.

What are Neha Dhupia's income sources?

The net worth of Neha Dhupia is estimated to be somewhere around ₹30 to ₹40 crore.

• Most of her income comes from working in movies, hosting and participating in reality shows and her own talk show.
• Her income also streams from brand endorsement deals.

Who is Ruchir Modi?

Director, Founder, and Owner in India

A business management graduate from the Regent's University, United Kingdom, Ruchir Modi started his corporate journey in 2014 when he started Modi Ventures. The initiative focused onbringing innovative technology projects to the Indian market.

Whose net worth is 1862 crore?

With a net worth of Rs. 1862 crore, as reported by First Post, Aamir Khan's financial portfolio has several elements, and real estate is one of the shining gems from the same.

What is the 5 4 3 2 1 grocery rule?

The 5-4-3-2-1 grocery method is a viral TikTok trend for balanced, easy meal planning, guiding you to buy 5 vegetables, 4 fruits, 3 proteins, 2 grains/carbs, and 1 fun treat (or 2 sauces/spreads + 1 treat) for the week, simplifying shopping by focusing on food groups rather than specific recipes, allowing for flexibility while ensuring a variety of nutrients.