Sathya Agencies completed the acquisition of Bengaluru-based Unilet Appliances for around ₹140 crore on October 17, 2026. This deal adds 54 showrooms to the Chennai-based retailer, helping it grow in Karnataka. The company now has 427 stores across South India and plans to offer many festive deals for the upcoming season.
IPO-bound Sathya Agencies, the Chennai-based retail player, has completed the acquisition of the Bengaluru-based Unilet Appliances for around ₹140 crore, said sources.
The acquisition will help the company to strengthen its presence in Karnataka with the addition of 54 showrooms across the state, says a release.
This acquisition has provided Sathya Agencies with an entry into Karnataka’s consumer durables and electronics market through an established store network, supported by local market expertise and a complementary product mix, the release said.
India’s 5th largest consumer electronics retailer by revenue from operations in FY2025, Sathya Agencies is gearing up for its first major Dussehra and Diwali festive season in the state, with attractive offers for consumers across the region.
As at January 31, 2026, the company had successfully expanded its footprint to a network of 427 stores across South India, spanning Tamil Nadu, Karnataka, Kerala, Andhra Pradesh, and Puducherry.