📋 About the Brand
Palred Online Technologies Pvt. Ltd. is an Indian e-commerce company and a subsidiary of Palred Technologies Ltd. The company operates LatestOne.com, an online marketplace focused on mobile accessories, consumer electronics, smart gadgets, and technology products.
The brand was established in 2013 and expanded through online retail and franchise opportunities to make technology products more accessible to customers across India. Its product categories include mobile covers, chargers, cables, power banks, audio accessories, smart wearables, and other electronic lifestyle products.
🏢 Business Information
Company NamePalred Online Technologies
CEO / FounderAmeen Ashik Khwaja
DesignationCEO / Founder
Established Year2013
Franchising Since2025
SectorSpecialty Retail
Total Investment10 Lakh - 20 Lakh
Required Area100 - 500 Sq. Ft.
📄 Franchise Agreement
Agreement Duration5 Years
Renewal Optionyes
Renewal FeeUp to ₹50,000
Resale Rightsyes
Non-Competeyes
Exclusivity Clauseyes
Dispute ResolutionArbitration
Jurisdictiontamilnadu
Agreement Registeredyes
NotesAgreement Clause Brief Description
Franchise Term Defines the duration of the franchise relationship and conditions for renewal.
Franchise Rights & Territory Specifies the rights granted to the franchisee, including operating area and whether territory protection is provided.
Brand & Trademark Usage Allows the franchisee to use the LatestOne brand name, logo, trademarks, and approved marketing materials according to company guidelines.
Investment & Setup Requirements Covers store setup costs, infrastructure requirements, inventory, technology systems, and other startup obligations.
Revenue Sharing / Commission Explains the commission or revenue-sharing structure payable between the franchisor and franchisee.
Product Supply & Pricing Defines product sourcing, inventory management, pricing policies, and purchase procedures.
Training & Support Covers operational training, product knowledge, technology support, marketing assistance, and business guidance.
Operational Standards Requires compliance with company standards related to customer service, store appearance, sales processes, and reporting.
Marketing & Promotion Specifies responsibilities for local advertising, brand campaigns, and promotional activities.
Technology & Data Usage Covers use of company software, online platforms, customer data handling, and reporting systems.
Confidentiality Protects confidential information such as business processes, pricing, and operational methods.
Termination Clause Defines conditions for ending the agreement, including breach of terms, non-performance, or non-payment.
