V-Mart Retail Ltd Share Price

Summary

V-Mart Retail Limited was originally incorporated as Varin Commercial Private Limited on 24 July, 2002 in West Bengal. The name of the company was changed to V-Mart Retail Private Limited on 11 July, 2006. Its name was further changed to V-Mart Retail Limited upon conversion into a public limited company on 11 July, 2008.V-Mart is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. The company primarily operates in Tier-II and Tier-III cities, with a chain of value retail departmental stores offering apparels, general merchandise and kirana, catering to the entire family. The company has established stores in Metro, Tier-I, Tier-II and Tier-III cities which are primarily located as standalone stores in high-street areas and shopping hubs of such cities. The average size of the store is approximately 8,000 Sq. Ft. It follows the concept of value retailing to target the strata of the population belonging to the expanding aspiring class and middle class based on customers socio-economic conditions, purchasing power, demographic details and customer trends.In October 2003, the company opened its first store by the name of V-Mart at Ahmedabad, Gujarat, and currently own and operate 62 stores spread across 53 cities and 10 states and union territories, with a total area of 5.06 lac Sq. Ft. Its stores are located in New Delhi, Gujarat, Uttar Pradesh, Bihar, Punjab, Chandigarh, Haryana, Jammu and Kashmir, Rajast
Read More