Lalit Aggarwal is the Chairman and Managing Director (CMD) of V-Mart Retail Ltd., one of India's leading value retail chains. An astute entrepreneur, he founded V-Mart in 2003 with a vision to provide affordable fashion to the burgeoning middle class in Tier-II and Tier-III cities of India. Under his leadership, V-Mart has grown significantly, establishing a strong presence across multiple states and becoming a trusted household name for value-conscious shoppers. He is known for his deep understanding of the Indian retail landscape, his focus on operational excellence, customer-centricity, and his commitment to bringing organized retail to underserved markets.
Lalit Aggarwal's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Successfully founded and scaled V-Mart Retail Ltd. from its inception in 2003 into one of India's prominent value retail chains, focusing on Tier-II and Tier-III cities, with hundreds of stores across the country.
Recognized for his visionary approach in identifying and tapping the potential of underserved markets, making organized retail and fashion accessible and affordable to millions in smaller Indian towns.
Steered V-Mart through a successful Initial Public Offering (IPO) in 2013, listing on the BSE and NSE, and has since consistently driven the company's expansion, revenue growth, and profitability in a competitive market.
Under his leadership, V-Mart has received several accolades and awards for its performance, business model, and contribution to the Indian retail sector, such as 'Most Admired Retailer of the Year' in various categories by industry bodies.
Successfully led strategic acquisitions, such as 'Unlimited' stores from Arvind Fashions, to further strengthen V-Mart's market position and expand its footprint, particularly in South India.
Indian Institute of Technology (Indian School of Mines), Dhanbad
University of California, Berkeley
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