Trade Analytics

V-Mart

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V-Mart

  • In 2003, V-Mart opened its maiden store in Ahmedabad (Gujrat).
  • In the year of 2008, it hit the base by registering Vmart Retail as a public limited.
  • In 2011-12, it achieved a turnover of over Rs 2,000 million (US$ 31.33 million).
  • In the Year 2012 it crossed the retail space of 500,000 Sq. Ft.

V Mart was first incorporated as Varin Commercial Private Limited under the Companies Act in 2002 in West Bengal.  VMart Retail primarily operates in Tier II and Tier III cities.and is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. Based in New Delhi, the company operations are spread across northern, western and eastern parts of India. The company currently operates 109 stores across 91 cities in 12 states and union territories, with a total retail area of 7.74 thousand square metre. 

VMart's business can be classified in three business verticals: Apparels, General Merchandise and Kirana Bazaar. Maintaining high standards in quality and design, V-Mart offers fashion garments at down-to-earth prices and over a period of time has emerged as the destination of choice for bargain hunters and the fashionable alike. The company is also targeting over four-fold jump in revenue to touch Rs 2,500 crore (US$ 391.71 million) by 2020 with smaller towns expected to be its key growth drivers.

Source: http://www.vmart.co.in

V-Mart: Is a complete family fashion store

2015 V-Mart to add 200 new stores in next five years
2014 V-Mart Has Been Images Most Admired Retailer of the Year "Concept Store"
2014 Credit ratings agency, Credit Analysis & Research Ltd (CARE) has assigned 'A’ rating to V-Mart Retail’s long term bank facilities and 'A1’ rating to its short term bank facilities.
2012-13 Received India's Power Brand Award in Las Vegas, Nevada

Updated: August, 2015

Retail
By 2018, the Indian retail sector is likely to grow at a CAGR of 13 per cent to reach US$ 950 billion.