As of September 2014[update], the retail chain maintained 50 stores in four countries, employed over 7,000 people and had annual sales in excess of US$650 million.
Towards the end of 1976, with debtors behind on their payments and creditors demanding for their money, Atul's father declared bankruptcy, with total debts of KSh1.2 million.
The store was closed and Mangalal went to work for his brother Hasmukh Shah, who then owned a shop called Nakuru Mattresses.
In addition to clothes and mattresses, they began selling saucepans, cooking pots, plastic basins and umbrellas, among other products.
[5] In 2013, Atul Shah is reported to have valued shareholders' equity in the retail chain at US$400 million (KSh34 billion at that time).