Chairman & Managing Director, V-Mart Retail
Mr. Lalit Agarwal is a retail baron having rich experience in diverse fields of industry & a proven track record of building businesses, both as a professional CEO & as an entrepreneur with over twenty years of experience in setting up a printing, packaging & retail industry. He is considered a pioneer of modern retail in India. He is the one who brought the concept of organized value retailing in Tier II & III Indian cities. Under his leadership, V-Mart has evolved into a technology-savvy professionally run leading retail organization with an in-depth Retail knowledge of suburban centers & smaller Indian cities.
Mr. Lalit Agarwal is one of the privileged members of RAI from Northern Region of India. He dares to be different, a doer & not a dreamer! He holds a Bachelor’s Degree in Commerce from Bombay University & Diploma in Financial Management from Narsee Monjee Institute of Management Studies, Mumbai.
Journey of V-Mart:
With a vision to establish the concept of organized value retailing in certain untapped regions of India, he started his own venture under the Brand Name of “V-Mart” in 2002 & launched V-Mart’s first life-style store at Ahmedabad in 2003. This store was recognized as the First Organized Life Style Retail Store in Western India for the middle & lower segment. As of September 2017, V-Mart owns & operates 167 stores in 141 cities across 14 States & Union Territories with a 14.05 lac Sq.ft. retail area. Under his guidance, there is a team of 20,000 people who directly / indirectly work with the organization. V-Mart stores attract a footfall of 30,000,000 every year & the count is growing every year.
V- Mart: Awards & Recognitions:
Under Mr. Agarwal’s leadership, V-Mart has won many prestigious awards, being chosen as an Indian Power Brand- 2012-2013 by Planman Media; “Most Admired Retailer of the Year”:- “Discount Retail” by Images Retail Award 2011. V-Mart has also won the “Most Admired Retailer of the Year”:- “Concept Store” by India Retail Forum 2011. It is one of the trusted retailers awarded by International Brand Consulting Corporation, USA as India’s No. 1 Brand Awards 2016: India’s Best Retail Fashion Store Chain Category. Mr. Agarwal was chosen in July 2017 to participate in Niti Aayog’ Champions of Change initiative in which as a part of a group of entrepreneurs, discussions were held to evolve futuristic policies of the Govt. of India to drive change to transform India. The same were presented to the Hon’ble Prime Minister of India & the groups continue to hold their meeting under the aegis of Niti Aayog & drive policy change with various Ministries.