V-mart is a multi-brand
family store that provides its customers true value for money.We offer our
customers a great shopping experience each time they visit us by offering a
vast range of products under one roof. Maintaining high standards in quality
and design, our stores have come up to offer fashion garments at down-to-earth
prices and over time emerged as the destination of choice for bargain hunters
and the fashionable alike.
We primarily started our
operations with the chain of “Value Retail” departmental store located in metro
cities. Our stores cater the needs of the entire family altogether by offering
apparels, general merchandise and kirana (cornershop) goods.
We have more than 59 stores
across 51 cities including metro cities with a total area of more than 4 lac
sq.ft. Our stores are located in prime cities such as New Delhi, Gujarat, Uttar
Pradesh, Bihar, Punjab, Chandigarh, Haryana, Jammu and Kashmir, Rajasthan and
Madhya Pradesh. We are among the pioneers in setting up modern ambience stores
or large retail malls across various small towns and cities including
Sultanpur, Ujjain, Motihari and more.
History
First
incorporated as Varin Commercial Private Limited under the Companies Act in
2002 in West Bengal. Then in 2004, we opened our maiden store in New Delhi.
The
company was subsequently renamed to V-mart Retail Private Limited in 2006. In
the year of 2008, we hit the base by registering V-mart Retail as a public
limited entity.
As
the time passes by we took the shape of a renowned family brand that caters the
needs of whole family by offering high quality retail products. Along with
growing customers, we achieved a turnover of over Rs 2,000 million in 2011-12.
Supply Chain Management
We
believe an efficient supply chain system is the backbone of retail operations
and it is very essential to strike an optimum balance between the adequate
level of inventory whilst ensuring availability of products at all stores as
per customer needs, as well as reducing operational costs.
Our comprehensive Enterprise Resource Planning (“ERP”) backed supply chain management system comprises of planning, merchandising, procurement, standardization, vendor management, logistics, quality control, pilferage control, replacement and replenishment.
V-mart adopts an integrated pro-active approach to manage our supply chain in which we plan our supply schedule based on the forecasted demand. This also helps us in understanding as well as adapting to the changing patterns in customer behaviour. Our merchandise and procurement planning, supply chain management and distribution network enables us to have shorter business cycles, thereby resulting in efficient working capital management.
Our comprehensive Enterprise Resource Planning (“ERP”) backed supply chain management system comprises of planning, merchandising, procurement, standardization, vendor management, logistics, quality control, pilferage control, replacement and replenishment.
V-mart adopts an integrated pro-active approach to manage our supply chain in which we plan our supply schedule based on the forecasted demand. This also helps us in understanding as well as adapting to the changing patterns in customer behaviour. Our merchandise and procurement planning, supply chain management and distribution network enables us to have shorter business cycles, thereby resulting in efficient working capital management.
Board of Directors
Mr. Lalit Agarwal,
Chairman and Managing Director (CMD):
Chairman and Managing Director (CMD):
He holds a Bachelor’s Degree in
Commerce from Bombay University, and a Diploma in Financial Management from the
Narsee Monjee Institute of Management Studies, Mumbai. He was also involved in
setting up of a printing and packaging unit, a water theme park in Kolkata and
was associated with a retail chain till 2003. He has more than 16 years of rich
experience in the retail industry. With a vision to establish the concept of
“value retailing” in certain untapped regions of India, he setup up units of
retail stores under the brand name of “V-Mart” in the year 2003. He spearheads
the company and is responsible for formulating and implementing the business plans.
Mr. Hemant Agarwal,
Director:
He garnered his Bachelor’s Degree in Commerce from Utkal University, Cuttack. He started his career by joining the family retail store in Cuttack and was integral in the formation of the company. He has experience in tackling and resolving the issues in retail industry and has been instrumental in developing a strong vendor base thereby, strengthening the procurement of apparel merchandise, which is the backbone of our retail malls. He is also responsible for managing the growth and development of our private labels and persistently working as a catalyst for business operations of our existing stores and continued expansion in western and central India.
Mr. Madan Agarwal,
Director:
He has the Bachelor’s Degree in Arts from the City College, the University of Calcutta. He has more than 3 decades of experience in retail industry. He started his career by opening a retail shop in the year 1975 and later on in 1979 opened another retail store of apparels and footwear in Cuttack known as “Shreeman Shreemati”. He is a mentor and a guiding force for our Company’s growth. He provides vital rationale inputs and insights time to time on cost control and the overseas procurement of general merchandise and Kirana Bazaar business verticals of our Company.
Mr. Krishan Kumar Gupta,
Director:
He is an associate member of the Indian Institute of Bankers. He also holds a post graduate Diploma in bank management from the National Institute of Bank Management, Pacific Rim Bankers Programme Certification from University of Washington Business School plus Diploma Certification in Sales and Marketing Management, Business Management, Export and Import Management, Financial Management and International Business Management from National Institute of Labour Education and Management. He is currently a director in Resurgent India Limited and has previously worked as an executive in Central Bank of India and handled various portfolios such as credit, recovery, development and human resources development.
Mr. Aakash Moondhra,
Director:
He holds a Bachelor’s Degree in Commerce from the University of Delhi and Master’s Degree in Business Administration from Southern Methodist University, Texas. He is a steady member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He has held various positions in Nokia India Private Limited, Baring Private Equity Partners (India), heading the retail vertical, Bharti Retail Private Limited, Bharti Airtel Limited and AT&T Corporation and currently working as a chief financial officer in Jasper Infotech Private Limited, (www.snapdeal.com).
Mr. Hemant Agarwal,
Director:
He garnered his Bachelor’s Degree in Commerce from Utkal University, Cuttack. He started his career by joining the family retail store in Cuttack and was integral in the formation of the company. He has experience in tackling and resolving the issues in retail industry and has been instrumental in developing a strong vendor base thereby, strengthening the procurement of apparel merchandise, which is the backbone of our retail malls. He is also responsible for managing the growth and development of our private labels and persistently working as a catalyst for business operations of our existing stores and continued expansion in western and central India.
Mr. Madan Agarwal,
Director:
He has the Bachelor’s Degree in Arts from the City College, the University of Calcutta. He has more than 3 decades of experience in retail industry. He started his career by opening a retail shop in the year 1975 and later on in 1979 opened another retail store of apparels and footwear in Cuttack known as “Shreeman Shreemati”. He is a mentor and a guiding force for our Company’s growth. He provides vital rationale inputs and insights time to time on cost control and the overseas procurement of general merchandise and Kirana Bazaar business verticals of our Company.
Mr. Krishan Kumar Gupta,
Director:
He is an associate member of the Indian Institute of Bankers. He also holds a post graduate Diploma in bank management from the National Institute of Bank Management, Pacific Rim Bankers Programme Certification from University of Washington Business School plus Diploma Certification in Sales and Marketing Management, Business Management, Export and Import Management, Financial Management and International Business Management from National Institute of Labour Education and Management. He is currently a director in Resurgent India Limited and has previously worked as an executive in Central Bank of India and handled various portfolios such as credit, recovery, development and human resources development.
Mr. Aakash Moondhra,
Director:
He holds a Bachelor’s Degree in Commerce from the University of Delhi and Master’s Degree in Business Administration from Southern Methodist University, Texas. He is a steady member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He has held various positions in Nokia India Private Limited, Baring Private Equity Partners (India), heading the retail vertical, Bharti Retail Private Limited, Bharti Airtel Limited and AT&T Corporation and currently working as a chief financial officer in Jasper Infotech Private Limited, (www.snapdeal.com).
Mr. Kamal Kumar Gupta,
Director:
He is professionally an experienced Chartered Accountant and a partner at M/s. Salapuria & Partners. He is also a member of the Institute of Chartered Accountants of India and currently a director in Data Alarm Overseas Private Limited.
Director:
He is professionally an experienced Chartered Accountant and a partner at M/s. Salapuria & Partners. He is also a member of the Institute of Chartered Accountants of India and currently a director in Data Alarm Overseas Private Limited.
Products
Apparels
Non Apparels
Home Mart
Kirana Bazar
Registered office
F – 11, Udyog nagar Industrial Area
Rohtak Road, Peeragarhi
New-Delhi
Phone No: 011-45254444
Email:- info@vmart.co.in
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