Subhiksha was an Indian retail chain with 1600 outlets selling groceries, fruits, vegetables, medicines and mobile phones.

It began operations in 1997, and was closed down in 2009 owing to financial mismanagement and a severe cash crunch.

Investigators said R subramanian had collected money from the public under various schemes, including fixed deposit and debentures.

In March 1997, Subhiksha opened its first outlet in Chennai with an initial investment of $1 million.

By October 2008, the company had emerged a major player with 1,600 outlets, selling groceries, fruit, vegetables, medicines and mobile phones.