Archies Gallery Franchise
Listed greeting-card and gift retailer; franchise terms not published (our est. ₹15–40 L*); 47 stores on its locator, 54 company stores (Mar 2026).
We couldn't confirm Archies Gallery is taking franchisees right now
Treat this as research, not an open offer, until the brand confirms its programme in writing. See the note below.
About This Listing
Archies does not publish a franchise programme: its website has no franchise page, terms or enquiry desk (checked Oct 2026). Its FY26 annual report says it sells through company-owned stores, franchisees, distributors and retailers and holds ₹1.55 Cr of security deposits from franchisees, agents and distributors, so franchised stores exist, but no current offer or terms are public. In FY26 the company closed 22 of its own stores and opened 2. Treat any Archies franchise offer as unconfirmed until Archies Ltd gives written terms.
Source: Archies website; Archies Ltd Annual Report 2025-26
Archies Gallery franchise at a glance (terms checked Oct 2026)
Investment
Not published
The brand doesn't publish its investment
Ongoing take
Not published
Franchise fee
Not published
Payback
Not published
- Franchisor made a loss of ₹4.3 Cr in FY26
- Claims 300 outlets; its own locator lists 47
- Legal or regulatory action on record — see Reputation & News
- Disputes with franchisees: None found (records checked Oct 2026)
- Company standing: Active and up to date with the registrar
Outlets
47 verified
Brand claims 300
What we couldn't verify
- • Outlet closures
- • Franchisee satisfaction
- • Network growth
- • Ongoing take
Ask before you sign
- Get written confirmation that Archies Gallery is taking franchisees at all before paying anything — see the note at the top of this page.
- Get a written, itemised cost breakdown — the brand hasn't published one.
- Ask for the one-time franchise fee in writing, and whether any part is refundable.
Franchise terms checked against Archies' official website and Annual Report 2025-26 (no franchise page published) on 10 Oct 2026. Figures marked * aren't published by the brand — they come from other published sources or our own estimate, and aren't verified.
Reputation & News
4 red flags to checkWhat the press, courts and real franchisees or customers have said about Archies Gallery — summarised by us, with every source linked.
- regulatory· 2026-05-30
Auditor: PF and TDS not deposited for five months
Archies' FY26 annual report says the company had not deposited employees' provident fund and tax deducted at source from Nov 2025 to Mar 2026, that statutory dues were not regularly deposited with serious delays, and that the auditor could not comment on whether inventory is valued at the lower of cost or realisable value. The audit opinion itself is unmodified.
Source: Archies Ltd Annual Report 2025-26 (auditor's report) (the brand's own site) - In the news· 2026-05-30
FY26 revenue down 19.5%, loss widens to ₹4.3 Cr; 22 company stores closed
Revenue from operations fell to ₹56.1 Cr from ₹69.7 Cr; gifts fell 32% and greeting cards 13%. The company closed 22 stores and opened 2, ending with 54 company-owned stores.
Source: Archies Ltd Annual Report 2025-26 (the brand's own site) - In the news· 2026-06-09
ICRA downgrade to B+ (Jun 2026)
ICRA cut Archies' bank-loan ratings to [ICRA]B+ (Stable) from [ICRA]BB- (Stable) on 9 Jun 2026, citing a sustained fall in sales, weak debt protection metrics and stretched liquidity from high inventory days; it expects FY27 revenue of ₹55-58 crore and notes promoter unsecured loans of ₹5.1 Cr.
Source: ICRA - employee_opinion★ 3.3/5 · 119 ratings
Employees rate Archies 3.3 out of 5
AmbitionBox shows an average of 3.3/5 from 119 employee ratings for Archies.
Source: AmbitionBox
Show 2 moreShow fewer
- In the news· 2026-03-02
Archies Express format announced (Mar 2026)
Archies announced a smaller, youth-focused 'Archies Express' format with lower capex per store and a target of 20 openings, the first at Netaji Subhash Place, Delhi.
Source: Archies Ltd press release to NSE - In the news· 2023-06-19
Store count cut after Covid (2023 interview with Archies' executive director)
In a June 2023 interview, executive director Varun Moolchandani said Archies' company stores were down to 125–140 from the pre-Covid count, that franchise stores were 'touching 200', and that new openings were shifting to high streets in North India. These are the company's own statements.
Source: MediaNews4U / Free Press Journal
Legal & Contract Summary
Key contract terms at a glance — read before you sign.
Agreement Type
Not specifiedContract Duration
—Renewal Available
—Territory Exclusivity
—Non-Compete Clause
NoExit Clause
—About the Brand
Brand USP
India's long-running greeting-card and gift retailer (since 1979), listed on NSE and BSE, that sells through its own stores, franchisees, distributors and quick-commerce apps.
Why invest in Archies Gallery?
Archies Gallery by the Numbers
Source marked on each figure300+
Stores claimed on its About page · Oct 2026 (undated)
Brand claim54
Company-owned/managed stores · 31 Mar 2026
Company filing47 in 8 states
Stores on its store locator · 10 Oct 2026
Store locator1,000+
Sales points (stores, retailers, franchise and distributors) · Mar 2026
Brand claimStationery ₹29.3 Cr, gifts ₹18.9 Cr, greeting cards ₹6.2 Cr
FY26 sales mix · FY26
Company filingArchies Gallery Outlet Network
| Year | Opened | Closed | Transferred | Net |
|---|---|---|---|---|
| FY26 — company stores opened | 2 | — | — | — |
| FY26 — company stores closed | — | 22 | — | — |
Outlet count over time
- Mar 202574
31 Mar 2025 — company-owned stores (derived: 54 + 22 closed − 2 opened) · archiesinvestors.in
- Mar 202654
31 Mar 2026 — company-owned/managed stores (annual report) · archiesinvestors.in
- 10 Oct 202647
Oct 2026 — stores on Archies' store locator (our count) · archiesonline.com
These counts come from different sources — brand claims, press reports and store locators — so they aren't a like-for-like series. Treat the brand's own claims as the upper end.
By state · 10 Oct 2026
- Delhi20
- Haryana10
- Uttar Pradesh7
- Maharashtra4
- Punjab2
- Rajasthan2
- Jharkhand1
- Karnataka1
Cities with Outlets
Show all 12 citiesHide the city list
Company Financials
Brand-level, publicly reportedThe franchisor's own company health — separate from what a single franchise outlet earns.
Revenue (FY26)
₹56.1 Cr
Net loss (FY26)
₹4.3 Cr
Employees (31 Mar 2026 (Archies Ltd Annual Report 2025-26; 408 in Nov 2024 per Tracxn))
320
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Health Check
What Archies Gallery's franchisor company has filed with the registrar and the courts — the checks a lawyer would run before you sign.
- Status with the registrar
- Active
- Annual filings
- Up to date
- Last AGM
- 26 Sep 2025 (36th AGM called for 24 Sep 2026)
- Paid-up capital
- ₹6.76 Cr
- Auditor
- Uberoi Sood and Kapoor, Chartered Accountants
- Brand trademark
- Not confirmed: the register (via QuickCompany) shows many 'Archies' word marks — some in Archies-group names (e.g. 'Archies Greeting', 1997, rectification filed; 'Archies Foundation', 2010, opposed) and others held by unrelated firms in other classes, several under rectification. We could not confirm a clean registered mark in Archies Ltd's own name for greeting cards or gift retail.
Source: Archies Ltd Annual Report 2025-26 (auditor's and secretarial auditor's reports); MCA data via Tracxn; ICRA (checked Oct 2026)
Full company recordsFinancials year by year, registered details, leadership and timelineShowHide
Archies Gallery Financials Over Time
Figures for the brand, from filed or reported accounts.
Source: Archies Ltd Annual Report 2025-26 (prior-year column) · Archies Ltd Annual Report 2025-26 (revenue from operations, down 19.5%; loss after tax)
A profitable franchisor doesn't mean profitable franchisees. These are the company's numbers, not an outlet's. A franchisor can grow on fees and supplies while outlets struggle — talk to existing franchisees and see their accounts before you decide.
Company Profile
The legal entity behind the brand, its leadership, and its official channels.
- Registered name
- Archies Limited
- Company type
- Public Limited Company (listed)
- CIN
- L36999HR1990PLC041175
- Incorporated
- 22 May 1990
- Headquarters
- Gurugram, Haryana (registered office at IMT Manesar); head office in Delhi
Leadership
- AAnil MoolchandaniChairman and Managing Director
- VVarun MoolchandaniExecutive Director and Chief Financial Officer
- HHanisha GandhiExecutive Director (appointed Aug 2025)
Social presence
Company details source: MCA records via Tracxn; Archies Ltd Annual Report 2025-26
Archies Gallery Timeline
1979
Archies founded
May 1990
Archies Ltd incorporated
SourceJun 2023
Executive director puts company stores at 125–140 and franchise stores near 200
SourceMar 2026Announced plan
'Archies Express' format announced, targeting 20 openings
SourceMar 2026
Company stores down to 54 after 22 closures and 2 openings in FY26
Jun 2026
ICRA downgrades Archies to B+ (Stable) from BB- (Stable)
ICRA cited the sustained decline in sales hurting operating profit, weak debt protection and stretched liquidity from high inventory days.
SourceSep 2026
36th AGM called for 24 Sep 2026
FranchiseChuno Analysis
Our analysis of verified dataHow Archies Gallery looks once the numbers are checked side by side.
- !The franchisor company is loss-makingIts latest filed accounts show a net loss. Franchisors that lose money can cut support or change terms — ask how franchise operations are funded.
- ✓Brand operating for 47 yearsFounded in 1979. The brand doesn't state when franchising began.
- !Outlet claim is well above its store locatorArchies Gallery claims 300 outlets, but its own store locator lists 47 (10 Oct 2026 (our count of Archies' store locator: 47 stores in 8 states, 20 of them in Delhi)). Ask for a current list of operating outlets.
- !4 red flags in the news or public discussionSee Reputation & News below, and ask the brand to address each one.
Data completeness
45%
- ✓ Terms checked against the brand's own page
- ○ Published investment (not an estimate)
- ○ Franchise fee
- ○ Royalty
- ○ ROI or payback claim
- ○ Agreement term
- ○ Training details
- ✓ Outlet cities verified
- ✓ Company financials
- ✓ Legal entity
- ✓ News & public opinion checked
Ask Before You Sign
Questions tailored to what Archies Gallery does and doesn't publish.
- 1Get written confirmation that Archies Gallery is taking franchisees at all before paying anything — see the note at the top of this page.
- 2Get a written, itemised cost breakdown — the brand hasn't published one.
- 3Ask for the one-time franchise fee in writing, and whether any part is refundable.
- 4Ask for the royalty and any marketing-fund fee, and how they're calculated (on sales or profit).
- 5Ask for the agreement term, renewal fee and exit or transfer terms.
- 6Ask whether you get an exclusive territory, and how large it is.
- 7Ask how the franchisor funds training and support while it's loss-making.
- 8Ask the brand to respond to each red flag listed under Reputation & News.
- 9Have a lawyer review the franchise agreement before paying anything.
- 10Visit 2–3 existing outlets and speak to their owners without the brand present.
Running the outletSpace, staff, launch steps, training, support and who does whatShowHide
Operations Required
What you'll need on the ground to run this franchise day-to-day.
Area Required
—
Staff Needed
—
Setup Time
—
Owner Involvement
Full-time
Best Locations
Not published
Business Type
Not published
Training & Support
What the brand provides to help you launch and run your franchise.
Training Cost
Covered by franchisor
Operations Manual
Step-by-step playbook for running the outlet
Supply Chain Support
Vendor sourcing, inventory & logistics
Technology / POS
Billing, inventory, and management software
Marketing Support
National & local marketing campaigns
Launch Support
Pre-opening setup and grand-opening assistance
Ongoing Field Support
Regular visits and operational coaching
What Archies Gallery franchisees say
We haven't yet heard from enough Archies Gallery franchisees to show anything. We publish totals once 3 or more people who run an outlet have answered and we've called each one to check.
I run a Archies Gallery outlet — share how it went
