Latest news with #RamChandraAgarwal
Fashion Network
16 hours ago
- Business
- Fashion Network
V2 Retail Q4 net profit rises 79 percent to Rs 6 crore
Value fashion retailer V2 Retail Ltd reported a 79 percent increase in net profit to Rs 6 crore for the fourth quarter ended March 31, as against Rs 6 crore in the year-ago quarter. The company's revenue for the quarter rose by 69 percent to Rs 499 crore, as against Rs 296 crore in the corresponding quarter of the previous fiscal year. For the full financial year, the company's net profit stood at Rs 72 crore on a sales revenue of Rs 1,884 crore. Commenting on the results, Ram Chandra Agarwal, chairman managing director in a statement said, 'FY 2025 has set a new performance benchmark with highest ever revenue and profit after tax (PAT). Despite a challenging environment marked by a high base and muted consumer sentiment, the Company has achieved industry-leading performance.' 'This exceptional outcome underscores the effectiveness of our strategic initiatives, which have driven innovation in product development, enriched the in-store experience, and significantly enhanced customer satisfaction. At V2 Retail, we believe the initiatives executed so far, along with those currently in progress have strong potential to further elevate our performance in the future,' he added. During the financial year, the company opened 74 new stores and closed 2 stores to end the year with a store count of 189 with a total retail area of 20.27 lac sq ft.
India.com
7 days ago
- Business
- India.com
Meet Uma Agarwal, wife of Vishal Mega Mart founder, as beautiful as any Bollywood actress, she is known for...
New Delhi: Social media is currently abuzz with memes showing netizens' desire to work as the security guard at Vishal Mega Mart. People are jokingly calling it their dream job. Amid all this, the founder of Vishal Mega Mart, Ram Chandra Agarwal, has also come into the spotlight. Ram Chandra began his journey with a humble photocopy shop and went on to establish a successful supermarket chain. He eventually sold the business for ₹70 crore and launched V2 Retail, which propelled his wealth from ₹70 crore to an impressive Rs 6,500 crore. That's Ram Chandra's story, but now his wife Uma Agarwal is also making headlines. In this article, we will talk about Uma, her stylish appearance, liefestyle etc. Whether in western outfits or traditional Indian wear, she adds a glamorous touch and looks no less than a film actress. Ram Chandra Agarwal and Uma Agarwal: Uma Agarwal is the whole-time director of V2 Retail Limited. The couple has two children, Akash Agarwal and Shreya Agarwal. While Akash is also the full-time director of V2 Retail Limited, not much is known about Shreya's role in the company. Uma Agarwal's daughter, Shreya Agarwal, is reportedly studying at USC Marshall School of Business, US. She has 21.7K followers on her Instagram handle and never misses a chance to impress everyone with her stunning pictures. Talking about her brother, Akash Agarwal, he is working with his father to expand their family business and is reportedly dating a stunning speech and language therapist named Ines Knani. All You Need to Know About Uma Agarwal Uma Agarwal is an Arts graduate and has over 17 years of hands-on experience in the retail industry Uma has been a member of the Board of Directors since the company's inception on July 27, 2001. She holds 3,44,000 equity shares in V2 Retail Ltd and plays a significant role in overseeing the marketing strategies of the company. Her expertise in the retail sector has been instrumental in scaling the company to new heights, and she is eligible to retire by rotation with a remuneration of up to Rs. 5,00,000 per month.
Time of India
22-05-2025
- Business
- Time of India
Meet Ram Chandra Agarwal, the man behind Vishal Mega Mart, the brand that broke the internet with viral memes
The aura of India's social media has found a new obsession, no, it is not a movie star or a political drama, or a Ghibli Studio art, but a security guard. Not just any guard, mind you, one at Vishal Mega Mart. The internet is buzzing with memes, fake coaching centres, and mock motivational reels about cracking the supposedly elite entrance exam for the role. What started as a company assessment on April Fool's Day has now become a full-blown meme movement. But beneath the humour lies the tale of a man who built a brand so influential, it turned into a cultural punchline, and that man is Ram Chandra Agarwal. Vishal Mega Mart Vishal Mega Mart is getting free marketing on the internet and their socials are just posting outfits as need to kick out their marketing manager Who is Ram Chandra Agarwal? The owner of Vishal Mega Mart Born into a middle-class family with no access to prestigious degrees or financial backup, Agarwal's journey began in the garment trade. He supplied clothing to local shops and built his network from the ground up. With an eye for opportunity and unmatched street wisdom, he introduced India's first 'value retail' chain in 2001, Vishal Mega Mart. The idea was simple yet revolutionary: provide quality essentials at affordable prices, especially targeting tier-2 and tier-3 cities. Vishal Mega Mart owner About the success of Vishal Mega Mart The stores grew fast. By the late 2000s, there were over 170 locations across India. Vishal Mega Mart became a household name, a beacon for budget-conscious shoppers looking for clothing and groceries under one roof. However, the dream faltered. Financial mismanagement and ballooning debts hit the business hard during 2008-09, eventually forcing Agarwal to declare bankruptcy. In 2011, the original chain was sold to TPG and Shriram Group. Most thought this was the end of Agarwal's retail journey. But Agarwal was far from done. Learning from his earlier missteps, he launched V2 Retail Limited, a leaner, smarter, and sharper version of his original vision. It focused again on the masses but with tighter control and better financial discipline. As of May 2025, V2 Retail boasts a market capitalisation of ₹6,530 crore. Vishal Mega Mart meme As Vishal Mega Mart enjoys a second life as the internet's favourite meme subject, its origin story deserves the spotlight too. A retail mogul turned meme kingpin, albeit unintentionally, Ram Chandra Agarwal's tale is one of grit, fall, and comeback. He may not be posting memes himself, but Agarwal has built a brand that India cannot stop talking (or laughing) about.
Time of India
22-05-2025
- Business
- Time of India
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
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.
India.com
21-05-2025
- Business
- India.com
Meet Ramchandra Agarwal, who once challenged Mukesh Ambani, Ratan Tata, one mistake destroyed his business, sold Rs 2000 crore company for just Rs....
Vishal Mega Mart founder Vishal Mega Mart is one of the most popular and recognised brands in India with a major share of its customers coming from the Indian middle class. If you are looking for good food, home grocery or fashion in your budget, Vishal Mega Mart is one of the stores that you must visit. However, do you know that the founder of the Vishal Mega Mart has a story that can inspire generations. Who founded Vishal Mega Mart? Ram Chandra Agarwal is the founder of Vishal Mega Mart. He founded the company in 2001-2002, which has now become one of the fastest-growing retail markets in India. Readers who have followed the business of Vishal Mega mart should know that one of the biggest reasons behind the brand's success is the fact that they provide high-quality products at reasonable prices. Entrepreneurial journey of Ram Chandra Agarwal The entrepreneurial journey of Ram Chandra Agarwal began with a small photocopy shop, which he had to open in order to support his family. Though the shop did not last very long, it helped Ram Chandra identify his business instincts. In his second business innings, he opened a cloth store in Kolkata's Lal Bazaar and ran it for 15 years. After giving 15 years to the business, he decided to take the next step. He decided to close his garment shop in Kolkata and open his retail business in Delhi, which he later renamed into Vishal Mega Mart. Why Vishal Mega Mart was sold at Rs 70 crore? However, the real challenge for Ram Chandra Agarwal was yet to come as the 2008 economic crisis brought a huge setback for Vishal Mega Mart. Due to a massive loss of Rs 750 crores, Ram Chandra Agarwal had to sell the 'Vishal' brand worth Rs 1100 crore to Shriram Group and TPG Capital just for Rs 70 crore. Also, it is worth mentioning that Ram Chandra Agarwal was born in a very poor family, due to which he even fell prey to polio, making him handicapped for all his life. Life gave a second chance to Ram Chandra Agarwal when he laid the foundation of V2 Retail, which is one of India's fastest-growing retail brands with more than 150 stores across India as of date. So, this was the story of a man who once challenged Mukesh Ambani, Ratan Tata in the retail clothing sector, now growing up to beat them again.
