Vishal Mega Mart Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ‘Rishanth Wholesale Trading Private Limited’ at Gurugram as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated March 27, 2018, issued by the RoC. Subsequently, the name ‘Rishanth Wholesale Trading Private Limited’ was changed to ‘Vishal Mega Mart Private Limited’ and a fresh certificate of incorporation was issued by the RoC on May 28, 2020. Subsequently, our Company was converted to a public limited company and the name of our Company changed to ‘Vishal Mega Mart Limited’ pursuant to a Shareholders’ resolution dated April 26, 2024 and a fresh certificate of incorporation dated May 10, 2024 was issued by the RoC.

Major Events and Milestones:

2017

- Crossed revenue of ? 20,000 million, with 195 stores running

2018

- Achieved majority of sales from own brands in apparels and accelerated share of own brands in general merchandise and FMCG segments

- Expanded our operations in southern India

2020

- Received the NCPDEP – Mindtree Hellen Keller Award

- Crossed revenue of ? 50,000 million, with more than 350 stores running

2022

- Inaugurated its 500th store in India, and the spread of our stores reached to more than 300 cities

- Launched E-commerce/ Omni-channel Platform and Vishal Mega Mart Mobile Application, operated by our Material Subsidiary

2023

- Crossed an aggregate of 10 million square feet of retail space

2024

- Recognized as “Best Loyalty Programme of the Year - Food Retail and Non Food Retail” at the International Loyalty Awards 2023

- “Regional Winner Asia including the Indian sub-continent and all areas East” at the International Loyalty Awards, 2023

- Awarded Gold at Singapore’s Loyalty and Engagement Awards 2023, in the category “Best Loyalty Strategy –Retail”.

- Excellence in Value Retail – Bringing Societal Change through Advertising” at the Jagran Achiever Awards 2023

- Inaugurated its 600th store in India, and the spread of our stores reached to nearly 400 cities

- Became debt-free after repaying term loans taken for operational purposes