India's leading retail firm Aditya Birla Retail (ABRL) is planning to come up with 10 hypermarkets and up to 100 supermarkets in this fiscal year.

It has been informed by a top company official the company will open the retail markets soon.

Aditya Birla Retail's CEO Thomas Varghese has informed to the media that the company has become a leading player in the retail market of the country and now it has decided to expand its network. It has planned to bring around 10 hypermarkets and up to 100 supermarkets in financial year 2011.

The company has estimated that it can manage to get the break even by the year 2013. He also said that the Group is running its retail business under the brand-name 'More'.

As per Varghese, the hypermarkets will come up in metros like Delhi, Bangalore, Hyderabad and Mumbai. But the supermarkets will be established in the Tier II cities of the country. He also said that the investment per each hypermarket would be around Rs 16 crore while per supermarket, the investment cost will be around Rs 40 lakh.