logo
Enjoyed Vishal Mega Mart memes? Here's all about Ram Chandra Agarwal, the man who turned the retail chain into Rs 562.35 billion giant

Enjoyed Vishal Mega Mart memes? Here's all about Ram Chandra Agarwal, the man who turned the retail chain into Rs 562.35 billion giant

Time of India22-05-2025

The recent
Vishal Mega Mart
trends has taken social media by storm. The buzz is over catchphrases like 'Ek hi sapna –
Vishal Mega Mart
security guard' are going viral, with users playfully portraying the role as India's most coveted and competitive job. The trend humorously mirrors the intensity of competitive exam prep, parodying everything from recruitment tests to high-stakes interview rounds.
But, who founded V2?
Ram Chandra Agarwal, the man behind the giant, started his retail journey in early 1994 from Kolkata, India. He has over 30 years of entrepreneurial and business acumen. He also introduced the concept of value retailing in 2001. Since July 2011,
Ram Chandra Agarwal
has been the chairman & managing director of v2 retail.
Play Video
Pause
Skip Backward
Skip Forward
Unmute
Current Time
0:00
/
Duration
0:00
Loaded
:
0%
0:00
Stream Type
LIVE
Seek to live, currently behind live
LIVE
Remaining Time
-
0:00
1x
Playback Rate
Chapters
Chapters
Descriptions
descriptions off
, selected
Captions
captions settings
, opens captions settings dialog
captions off
, selected
Audio Track
default
, selected
Picture-in-Picture
Fullscreen
This is a modal window.
Beginning of dialog window. Escape will cancel and close the window.
Text
Color
White
Black
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Text Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Opaque
Semi-Transparent
Transparent
Caption Area Background
Color
Black
White
Red
Green
Blue
Yellow
Magenta
Cyan
Opacity
Transparent
Semi-Transparent
Opaque
Font Size
50%
75%
100%
125%
150%
175%
200%
300%
400%
Text Edge Style
None
Raised
Depressed
Uniform
Drop shadow
Font Family
Proportional Sans-Serif
Monospace Sans-Serif
Proportional Serif
Monospace Serif
Casual
Script
Small Caps
Reset
restore all settings to the default values
Done
Close Modal Dialog
End of dialog window.
The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
New Container Houses Vietnam (Prices May Surprise You)
Container House | Search Ads
Search Now
Undo
Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period.
EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
Live Events
For the full financial year 2024–25, the company reported a 36.8% increase in net profit to Rs 631.97 crore, while revenue rose 20.2% to Rs 10,716.35 crore.
Vishal Mega Mart, as of December 31, 2024, operates a total of 668 stores spread across cities.
What is the trend about?
Catchphrases such as 'Ek hi sapna – Vishal Mega Mart security guard' are going viral, with users humorously presenting this job as the most competitive and desirable career opportunity in India. The trend mimics the seriousness of competitive exam preparation, parodying recruitment tests and interview rounds.
One meme video shows a mock award ceremony where cricketer Virat Kohli is claimed to have left test cricket to join Vishal Mega Mart as a security guard. Another post reads, 'Application form mangwa liya hai, ab
Vishal Mega Mart Security Guard
exam clear karne se koi nhi rok skta (sic).'
A video parody also shows candidates in a selection process, undergoing mock physical tests such as crawling through muddy trenches. These depictions are satirical takes on how job aspirations are viewed in Indian society.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Elon Musk's Tesla may face zoning violations after over 100 Cybertrucks found parked at closed shopping mall
Elon Musk's Tesla may face zoning violations after over 100 Cybertrucks found parked at closed shopping mall

Time of India

time23 minutes ago

  • Time of India

Elon Musk's Tesla may face zoning violations after over 100 Cybertrucks found parked at closed shopping mall

Representative Image Elon Musk's Tesla may face zoning violations in Michigan after more than 100 unsold Cybertrucks were found parked at a closed shopping centre. The accumulation of these vehicles at Hunter's Square shopping centre in Farmington Hills has prompted concerns from local authorities regarding adherence to zoning regulations, a report claims. Over the past several weeks, residents and social media users have reportedly posted images and videos showing numerous rows of Cybertrucks at the site on Orchard Lake Road. The location is adjacent to a Tesla service centre in West Bloomfield. This proximity has led to speculation that the shopping centre lot is being used as an overflow site to manage unsold inventory, as over 100 Cybertrucks have reportedly gathered in the space. What Tesla and Michigan authorities said about the parked Cybertrucks In a statement to CBS Detroit, Tesla employees collecting the trucks said the property belongs to the same entity that operates the nearby service centre, and that the vehicles were intended for customer delivery. However, the City of Farmington Hills has raised concerns over this explanation. Charmaine Kettler-Schmult, the city's planning and community development director, told CBS Detroit: 'The City of Farmington Hills code enforcement office has been in communication with the Hunter's Square shopping centre management to resolve the issue. They have been notified that storage of vehicles is not a permitted use. The enforcement process is being followed and takes time.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mix 4 Kitchen Ingredients, Wake Up Thinner Every Morning insightcuriositycentral Learn More Undo As per the report, Tesla is struggling to sell its Cybertruck, with under 50,000 units delivered since launch, which is far below its 250,000-unit annual projection. In Q1 2025, only 6,000 units were sold. Inventory has built up to an estimated 10,000 unsold trucks, prompting Tesla to scale back production and shift workers to Model Y lines, the report adds. The vehicle has faced eight recalls, including one affecting nearly all units sold. Sales have also reportedly dipped amid backlash over Elon Musk's political involvement, though Tesla stock has recently rebounded after a sharp decline. Stay ready with these 7 essential medical gadgets as COVID cases rise AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated
Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated

Time of India

time28 minutes ago

  • Time of India

Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated

Nvidia may be leading the AI revolution, but even the world's top chipmaker isn't immune to the unpredictable fallout of global politics. Last week, as the company reported another strong earnings report, CEO Jensen Huang revealed the sobering news of a $4.5 billion write-off for chips that were supposed to be sent to China and now have nowhere to go, as per a report. Huang said during the earnings call that, 'We are taking a multibillion dollar write off on inventory that cannot be sold or repurposed,' quoted Fortune. The China-Only Chips That Can't Be Used The chips, which have led to the massive loss, known as the H20 chips , were designed by Nvidia specifically for Chinese clients to meet earlier US export restrictions, according to the report. These chips weren't top-of-the-line, but they were still advanced enough for AI development and, also legal to ship under the Biden administration's rules, as per Fortune. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo But things changed after US president Donald Trump took office, as he went a step further in early April and banned exports of even these chips, according to the report. ALSO READ: After losses in FTX, which went bankrupt in 2022, Temasek slashes early-stage startup investments by 88% Live Events Why the Nvidia H20 Chips Can't Just Be Repurposed As the H20 chip was built only for the Chinese market, the chip's design and limited capabilities make it a challenging task to be used by other countries, reported Fortune. A professor of supply chain management at Rutgers Business School, Arash Azadegan said, 'It doesn't really fit anywhere else without a lot of expensive tweaking,' as quoted in the report. While, the tweaking would involve additional costs for the AI chipmaker, as these chips may 'not meet the performance needs of customers in other regions' or may be engineered 'specific to Chinese customer requests or requirements,' according to Chad Autry, a University of Tennessee supply chain professor, reported Fortune. Nvidia Won't Risk Its Reputation Azadegan also highlighted that, 'Nvidia probably doesn't want to flood the market with discounted chips—it could mess with their pricing, confuse customers, and distract from their big push into the newer Blackwell lineup ,' as quoted in the report. FAQs Why did Nvidia have to throw away $4.5 billion in chips? Because new US export rules suddenly banned the chips from being sold to China, their only intended market. Can't they just sell the chips to other countries? No as the chips were custom-made for China and don't meet other countries' needs without costly changes.

Pragmatism or pullout? State asks local bodies to mobilise donations
Pragmatism or pullout? State asks local bodies to mobilise donations

Time of India

time28 minutes ago

  • Time of India

Pragmatism or pullout? State asks local bodies to mobilise donations

Thiruvananthapuram: The state govt's instruction to local self-govt (LSG) institutions to systematically mobilise public donations and sponsorships to fund development activities has gained attention, with doubts raised about whether the "financially pragmatic" move signalled further withdrawal of state support in key development areas. In a detailed circular dated June 2, the LSG department directed local bodies to formulate a "comprehensive strategy" for raising voluntary contributions and sponsorships from individuals, non-profit organisations, corporate entities under CSR, and other sources to "increase the scope of development activities and accelerate the pace of local development." Faced with a persisting financial crunch, the govt had halved its Plan size in the last financial year, significantly cutting down on many schemes. Finance minister K N Balagopal told reporters on Wednesday that the govt always welcomed public donations and nothing more needed to be seen in the circular. He also refuted charges that the performance audit of local bodies would be solely based on such donations. The circular specifies that the performance of local bodies in donation mobilisation and utilisation will be included as a metric in their annual evaluation, and innovative models may be documented by KILA (Kerala Institute of Local Administration) and showcased for replication. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 【adidas官網限定】Mega Summer 超級降價 adidas 香港官方網上商店 立即選購 Undo Noting that many public assets — including schools, hospitals, libraries, anganwadis, markets and even roads — were built with people's donations over the years, it asks local bodies to chart out a plan at the beginning of their tenure for collecting contributions for schools, hospitals, drinking water facilities, roads, playgrounds and welfare institutions. It also suggested tapping alumni networks, PTA committees, CSR arms of businesses, and even youth-led voluntary labour. The govt has also prescribed detailed compliance measures to avoid misuse. Donations must be received directly by the LSG institution, and a proper receipt must be issued. The funds must be credited under a designated budget head, and all details, including donor names and intended usage, must be published both in gram sabhas and on the official websites. It should also be ensured that donations collected for a specific purpose are used only for that purpose, the circular said. It also warns that only legally compliant donations may be accepted — including compliance with the Income Tax Act and the FCRA (though foreign donations aren't in question here).

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store