We have evolved as a customer-centric company, constantly striving to create value for our customers by offering affordable fashion through a wide assortment. Our fashion is designed to cater to the requirements of an entire family. Led by the concept of ‘value retailing’, the Company caters to the needs of the value and fashion-conscious consumers living in tier II, III and IV cities across India.
V-Mart, as a responsible value retailer focusing on the aspirational Indian masses in smaller towns, has pivoted to the reality of Doing More With Less.
![](https://i0.wp.com/www.vmart.co.in/wp-content/uploads/2023/04/for-about-us.png?ssl=1)
Who Are We?
V-Mart is a complete family fashion store that provides its customers true value for their money.
We offer our customers a great shopping experience each time they visit V-Mart store by offering a vast range of products under one roof. 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.
We primarily operate in tier II & tier III cities with the chain of “Value Retail” departmental stores. Our stores cater to the needs of the entire family altogether by offering apparels, general merchandise and kirana goods.
450
+
STORES
270
+
CITIES
26
STATES
Vision & Mission
OUR Vision
Be the #1 value fashion omni-retailer of Bharat
OUR Mission
To serve the youth & young Indian families in Tier 2 / 3 cities by providing them with the best possible value, as well as the widest possible range in a convenient environment supported by a digital shopping experience.
Purpose
We exist to fulfil people’s aspirations and create value for the entire ecosystem.
Who Are We?
V-Mart is a complete family fashion store that provides its customers true value for their money.
We offer our customers a great shopping experience each time they visit V-Mart store by offering a vast range of products under one roof. 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.
We primarily operate in tier II & tier III cities with the chain of “Value Retail” departmental stores. Our stores cater to the needs of the entire family altogether by offering apparels, general merchandise and kirana goods.
450
+
STORES
270
+
CITIES
27
STATES
Vision & Mission
OUR Vision
Be the #1 value fashion omni-retailer of Bharat
OUR Mission
To serve the youth & young Indian families in Tier 2 / 3 cities by providing them with the best possible value, as well as the widest possible range in a convenient environment supported by a digital shopping experience.
PURPOSE
We exist to fulfil people’s aspirations and create value for the entire ecosystem
Where Do We Come From?
V-Mart has a rich history of growth and expansion. Originally incorporated as Varin Commercial Private Limited under the Companies Act in 2002 in West Bengal, we opened our first store in Ahmedabad, Gujarat, in 2003.
By 2006, we had crossed 100,000 square feet of retail space and renamed ourselves V-Mart Retail Private Limited.
In 2008, we achieved a significant milestone by registering V-Mart Retail as a public limited entity and crossing a turnover of INR 1,000 million. Over time, we have grown into a renowned family brand that caters to the needs of the entire family by offering high-quality retail products.
As our customer base has grown, we have continued to expand our operations and achieved a turnover of over INR 2,000 million in 2011-12. We are proud of our history of growth and look forward to continuing to serve our customers with quality products and exceptional service.
Leadership Team
The Extremely talented leadership team of the company has provided pathbreaking direction and has been overseeing the management of business to transform a remodelled V-Mart
Awards & Recognitions
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Golden Peacock Award
2022
V-Mart wins the Golden Peacock Award for Excellence in Corporate Governance 2022
Most Admired Retailer
2022
V-Mart has been awarded as the Most Admired Retailer of the Year: New Market Penetration at the IMAGES Retail Awards 2022.
ICSI National Awards
2022
V-Mart Retail Limited was facilitated with a Certificate of Appreciation in the 22nd edition of the ICSI National Awards for Excellence in Corporate Governance at Mumbai.
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Great
Place to Work2021
V-Mart Certified as India’s Best Workplace in Retail, 2021 – by Great Place to Work supported by RAI
India Risk Management Awards.
2021
Company has been recognised and awarded as the
‘Masters of risk-retail & consumer sector in the Mid-cap Category’ at the 8th
edition of The India Risk Management Awards. -
Apparel and Lifestyle
2020
India’s Retail Champions supported by RAI – Winner of Apparel and Lifestyle -2021- Presented by Bhartiya Mall of Bengaluru
Great Place to Work
2020
V-Mart Certified as a ‘Great Place to Work’ by the Great Place to Work (GPTW) Institute, India
Retail-Trade
2020
Ranked 16th on the Fortune 2021 Midsize Marvel List India, notching rapid gains from 148th rank in 2020. Further, V-Mart is ranked 1st in the ‘Retail-Trade’ category
World CSR Congress Leadership
2020
Won the prestigious World CSR Congress Leadership Award for Community Development in FY2021
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RLS Retail Leadership summit 2019.
2019
Most Admired Affordable Retailer in Visual Merchandising Concept at IFA-Images Fashion
India Award from RSLDC
2019
India Award from RSLDC (Rajasthan government) for Best Project Implementation Agency in the Skill Development Programme
India Retailers Awards
2019
V-Mart won Transforming the live in Tier II and Tier III- India Retailers Awards 2019’ by Ministry of Textiles
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Best Employer Brand Awards
2018
The Company was well recognized as the ‘IMAGES Most Admired Affordable Fashion Retailer of the Year.
World’s Best Performing Department
2018
Mr. Lalit Agarwal, the Chairman and Managing Director was also conferred the award of the ‘Retail Leader of the Year-2018’ by Franchise India.
Retail Champion Award
2018
The Company was also bestowed with the Retail Champion Award for apparel & lifestyle by Retail Association of India. At the IMAGES Fashion Awards 2019
Best Practice in Learning Transfer for Improving Business Bottom Line
2018
The Company was the 2018 Winner of “Best Practice in Learning Transfer for Improving Business Bottom Line” at the World HRD Congress
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The World’s Best Performing Department Store
2017
Your Company was recognised in 2018 as The World’s Best Performing Department Store as per data compiled by Bloomberg.
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India’s No. 1 Brand Awards 2016
2016
“India’s No. 1 Brand Awards 2016 in India’s Best Retail Fashion Store Chain category.
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Fastest Growing Company
2015
One of the Fastest Growing Companies by Outlook Business Magazine during the year 2016”
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Most Admired Retailer
2014
“Most Admired Retailer of the Year 2014” for the category of concept store