V2 Retail Ltd

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V2 Retail Ltd

  • First retail group to cross 100 stores in India
  • First retail group to implement SAP in India
  • First retail group to create private labels in grocery
  • Present in the Indian retail industry for over 25 years

V2 Retail Ltd is one of fastest growing retail groups in India. The company offers a portfolio of products, including apparel and non-apparel. The company sells readymade, apparels, household merchandise and other consumer goods like footwear, toys, games, handbags, fragrance, cosmetics, home furnishing, décor product, sports items, crockery, novelties and gifts. The outlets cater to almost all price ranges. The showrooms have over 70,000 products range which fulfils all household needs. V2, which stands for 'value and variety', sells fashion garments at prices 50-70 per cent lower than other clothing brands through large stores between 12,000 and 25,000 sq ft in size. Currently, V2 Retail limited is managing 1,90,000 sq.ft. space with a turnover projection of Rs 300 crore (US$ 45.4 million) for FY 2015-16.

Source: http://v2retail.com/

V2 Retail Limited: Prominent player in the Indian Retail Industry

2015

Media company Bennett, Coleman & Co Ltd (BCCL) commits US$ 5 million in V2 Retail.

2014

Opens 101st store in India at Jharkhand.

2011

TPG Wholesale Pvt. Ltd and Airplaza Retail Holdings Pvt. Ltd, a company owned by the Shriram Group, bought erstwhile Vishal Retail for Rs 70 crore (US$ 10.6 million).

2007

Becomes a Public Limited Company.

2001

Launches Vishal Retail at Delhi.

1994

First Vishal Garments Store opens in India at Kolkata.

 

Updated: January, 2015

Retail
By 2018, the Indian retail sector is likely to grow at a CAGR of 13 per cent to reach US$ 950 billion.
x IBEF : India Brand Equity Foundation