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₹105.30a day ago
₹111.19a day ago
Vishal Mega Mart Limited was originally incorporated as ‘Rishanth Wholesale Trading Private Limited’ at Gurugram as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 27, 2018, issued by the RoC. Subsequently, the name ‘Rishanth Wholesale Trading Private Limited’ was changed to ‘Vishal Mega Mart Private Limited’ and a fresh certificate of incorporation was issued by the RoC on May 28, 2020. Subsequently, the company was converted to a public limited company and the name of the company changed to ‘Vishal Mega Mart Limited’ pursuant to a Shareholders’ resolution dated April 26, 2024 and a fresh certificate of incorporation dated May 10, 2024 was issued by the RoC.The company is a one-stop destination for middle and lower-middle income India. It curates a diverse range of merchandize through its portfolio of own brands and third-party brands to fulfil the aspirational and daily needs of consumers. It offers products across three major product categories, i.e., apparel, general merchandise, and fast-moving consumer goods, through a pan-India network of many Vishal Mega Mart stores and its Vishal Mega Mart mobile application and website. The aspirational retail market in India, driven by the consumer desire for products that offer both high quality and affordability, will remain a significant contributor to India’s retail market.Its diversified product portfolio spans across three product categories. Products sold under its own brands are manufactured by third-party contract manufacturers engaged by the company. These products are, in turn, supplied by the company to its material subsidiary, Airplaza Retail Holdings, as well as its other franchisees under a contractual arrangement. Moreover, third-party brand products procured by its material subsidiary directly from such brands (together with the products procured from the company under its own brands) are either sold in Vishal Mega Mart stores leased and operated by its material subsidiary or other franchisees of the company. Its material subsidiary also owns and operates the Vishal Mega Mart website and mobile application.Business area of the companyThe company and its subsidiaries are in the wholesale and retail business of trading of apparels, fast moving consumer goods and general merchandise.Productcategoriesof the companyApparel categoryGeneral merchandize categoryFast-moving consumer goods categoryHistory and milestones2022: Inaugurated its 500th store in India, and the spread of its stores reached to more than 300 cities.2022: Launched E-commerce/ Omni-channel Platform and Vishal Mega Mart Mobile Application, operated by its Material Subsidiary.2023: Crossed an aggregate of 10 million square feet of retail space.2024: Recognized as ‘Best Loyalty Programme of the Year - Food Retail and Non-Food Retail’ at the International Loyalty Awards 2023.2024: Regional Winner Asia including the Indian sub-continent and all areas East at the International Loyalty Awards, 2023.2024: Awarded Gold at Singapore’s Loyalty and Engagement Awards 2023, in the category ‘Best Loyalty Strategy - 'Retail’.2024: Excellence in Value Retail - Bringing Societal Change through Advertising at the Jagran Achiever Awards 2023.2024: Inaugurated its 600th store in India, and the spread of its stores reached to nearly 400 cities.2024 Became debt-free after repaying term loans taken for operational purposes.
