639.25 -1.95(-0.30%)
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V-Mart Retail Limited was initially incorporated as 'Varin Commercial Private Limited' on 24 July, 2002 at West Bengal. The name of the Company changed to V-Mart Retail Private Limited on 11 July, 2006 and further name of the Company was changed to 'V-Mart Retail Limited' upon conversion into a public 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 customer's socio-economic conditions, purchasing power, demographic details and customer trends.In October 2003, the company opened it's first store by the name of 'V-Mart' at Ahmedabad, Gujarat, and currently own and operate 62 st...