About
V2 Retail Ltd
V2 Retail Ltd was originally incorporated on July 23, 2001 as Vishal Retail Private Limited as a Private Limited Company. The Company got converted into a Public Limited Company and name of the Company was changed to Vishal Retail Limited. Thereafter, the Company's name was changed to V2 Retail Ltd effective on 29 July, 2011.
The Company is one of fastest growing retailing groups in India. The company offers a portfolio of products, including apparel, non-apparel and fast moving consumer goods. The company sells readymade apparels, household merchandise, and other consumer goods like footwear, watches, toys, toiletries, grocery items, sports items, crockery, novelties and gifts. The company's subsidiaries include VRL Foods Ltd, VRL Movers Ltd, VRL Consumers Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd.
The Company offer affordable family fashion at prices to suit every pocket. Their outlets cater to almost all price ranges. The showrooms have over 70,000 products range which fulfills all household needs. The cost benefit that is derived from the large central purchase of goods and services is passed on to the consumer.
In November 2001, the company acquired the proprietorship firm Vishal Garments & The Vishal Garments. In the year 2002, they opened their first store in Delhi. In the year 2003, the company acquired the manufacturing facilities from Vishal Fashions Private Ltd and Vishal Apparels as a going concern and set up a manufacturing unit in Gurgaon.
In the year 2004, the company started their largest store at New Delhi having an area of 80,000 sq ft. The company was converted to a public company on February 20, 2006. During the year 2006-07, the company opened up three new stores at Patna in Bihar, Karnal in Haryana and Dahisar in Maharashtra.
During the year 2007-08, the company established five new companies, namely VRL Foods Ltd, VRL Movers Ltd, VRL Consumer Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd for diversifying the business operations. Also, they set up their manufacturing units at Manesar and Dehradun, with production capacities of 1.5 million pieces each per annum. With this, the company is having three manufacturing facilities with total installed capacity of 4.5 million pieces per annum.
During the year, the company added 52 new stores, out of which 34 were in Tier-III cities, two in Tier-II cities and 16 in a Tier-I city. Also, they added 9 warehouses with an area of 581,640 sq ft, taking the total number of warehouses to 29 spread across 1.1 million sq ft of space. Also, they added a fleet of 40 trucks taking the total number of trucks in the fleet to 98. As on March 9, 2009, the company had 182 stores spread across India.
In March 2008, the company entered into a an agreement with Hindustan Petroleum Corporation Ltd, in which Hindustan Petroleum Corporation Ltd will provide space to the company for either Retail store or Warehousing at their mutually selected retail outlets. The company opened two such stores on a trial basis and had plans to increase it to 20-25 stores.
During year 2008-09, the Company increased the number of stores to 171 to the Portfolio, and added approx 1 Million. Sq. Ft. of Retail Space during the financial year, ended March 31, 2009.
The wholesale business, franchise business and retail undertaking of the Company was sold to TPG Wholesale Pvt. Ltd and Airplaza Retail Holdings Pvt. Ltd as per Wholesale Slump Sale Agreement dated January 06, 2011. It opened new stores under the brand 'V2' at Sanjauli, Solan and Jamshedpur. It opened a new warehouse at Rangpuri, Delhi on 31.12.2010 and also opened a new warehouse at Kapashera, Delhi on 25.04.2011.
In 2011-12, the Company opened new stores at Mahipalpur, Karol Bagh, Faridabad, Jamshedpur, Rajouri Garden, Ludhiana and Krishna Nagar. It opened new store at Patna on 02.04.2012. In 2013, it opened 8 new stores.
The Company had 15 stores in 2014, 1 new store was opened at AARA, in Bihar. Guwahati Store, in Assam was made operational in April, 2014. The number of store increased to 22 in 2016, to 37 in 2017. The number of 'V2' stores increased to 49. The Company added 16 stores in 2018. Total number of stores increased to 77 in 2019. M/s V2 Smart Manufacturing Private Limited was incorporated on 25.10.2019 as wholly owned subsidiary Company.
The Company added 31 new V2 Stores. It opened 10 stores in 2022 and added 12 V2 stores in 2023.
V2 Retail Ltd
Chairman Speech
Ram Chandra Agarwal Chairman
Dear Shareholders,
V2 Retail, a leading fashion and lifestyle retail chain in India, has
been catering to the needs and preferences of fashion-forward consumers for over a decade.
The company has been quick to adapt to the changing fashion landscape in the country and
has played a pivotal role in bringing the latest trends to the masses.
One of the key reasons behind V2 Retail's success is its ability
to offer a wide range of products that appeal to diverse customer segments. The company
caters to men, women, and children, offering a variety of clothing, footwear, accessories,
and lifestyle products. Whether it is ethnic wear, western wear, sportswear, or formal
wear, V2 Retail has something for everyone.
Moreover, V2 Retail understands the importance of affordability in a
price-sensitive market like India. The company offers products at competitive prices,
making fashion accessible to a wider range of consumers. V2 Retail also stays ahead of the
curve by closely monitoring and adapting to the latest fashion trends.
In addition to offering a diverse and affordable product range, V2
Retail places a strong emphasis on product development and vertical integration, which
sets it apart from competitors and contributes to its success in the fashion retail
market. By focusing on product development, V2 Retail is able to bring unique and
innovative offerings to customers that are not easily found elsewhere. This not only
drives customer loyalty but also gives the company a competitive edge in the market.
In addition, V2 Retail's commitment to vertical integration allows
it to have greater control over its supply chain. The company owns and operates its
manufacturing units, allowing it to have better quality control and faster turnaround
times. This vertical integration also helps V2 Retail save costs as it eliminates the need
for middlemen and reduces dependence on external suppliers.V2 Retail's focus on
quality helps it build trust and credibility with customers, leading to increased brand
loyalty and repeat purchases.
V2 Retail recognizes the importance of customer service and aims to
provide the best shopping experience to its customers. The company focuses on training its
staff to be knowledgeable about the products and provide excellent service to customers.
V2 Retail also invests in technology to improve the efficiency of its operations and
enhance the overall customer experience.
Furthermore, V2 Retail is continuously expanding its store network
across India to reach more customers. The company has a well-defined expansion strategy,
targeting Tier-II and Tier-III cities where there is a growing demand for fashion and
lifestyle products. This expansion not only helps to increase V2 Retail's market
reach but also contributes to the economic development of these regions.
V2 Retail is committed to continuously evolving and expanding its
presence to cater to the needs and preferences of its customers.
Thank you for your continued trust and confidence in V2 Retail.
Warm regards, Ram Chandra Agarwal Chairman, V2 Retail Limited
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V2 Retail Ltd
Company History
V2 Retail Ltd was originally incorporated on July 23, 2001 as Vishal Retail Private Limited as a Private Limited Company. The Company got converted into a Public Limited Company and name of the Company was changed to Vishal Retail Limited. Thereafter, the Company's name was changed to V2 Retail Ltd effective on 29 July, 2011.
The Company is one of fastest growing retailing groups in India. The company offers a portfolio of products, including apparel, non-apparel and fast moving consumer goods. The company sells readymade apparels, household merchandise, and other consumer goods like footwear, watches, toys, toiletries, grocery items, sports items, crockery, novelties and gifts. The company's subsidiaries include VRL Foods Ltd, VRL Movers Ltd, VRL Consumers Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd.
The Company offer affordable family fashion at prices to suit every pocket. Their outlets cater to almost all price ranges. The showrooms have over 70,000 products range which fulfills all household needs. The cost benefit that is derived from the large central purchase of goods and services is passed on to the consumer.
In November 2001, the company acquired the proprietorship firm Vishal Garments & The Vishal Garments. In the year 2002, they opened their first store in Delhi. In the year 2003, the company acquired the manufacturing facilities from Vishal Fashions Private Ltd and Vishal Apparels as a going concern and set up a manufacturing unit in Gurgaon.
In the year 2004, the company started their largest store at New Delhi having an area of 80,000 sq ft. The company was converted to a public company on February 20, 2006. During the year 2006-07, the company opened up three new stores at Patna in Bihar, Karnal in Haryana and Dahisar in Maharashtra.
During the year 2007-08, the company established five new companies, namely VRL Foods Ltd, VRL Movers Ltd, VRL Consumer Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd for diversifying the business operations. Also, they set up their manufacturing units at Manesar and Dehradun, with production capacities of 1.5 million pieces each per annum. With this, the company is having three manufacturing facilities with total installed capacity of 4.5 million pieces per annum.
During the year, the company added 52 new stores, out of which 34 were in Tier-III cities, two in Tier-II cities and 16 in a Tier-I city. Also, they added 9 warehouses with an area of 581,640 sq ft, taking the total number of warehouses to 29 spread across 1.1 million sq ft of space. Also, they added a fleet of 40 trucks taking the total number of trucks in the fleet to 98. As on March 9, 2009, the company had 182 stores spread across India.
In March 2008, the company entered into a an agreement with Hindustan Petroleum Corporation Ltd, in which Hindustan Petroleum Corporation Ltd will provide space to the company for either Retail store or Warehousing at their mutually selected retail outlets. The company opened two such stores on a trial basis and had plans to increase it to 20-25 stores.
During year 2008-09, the Company increased the number of stores to 171 to the Portfolio, and added approx 1 Million. Sq. Ft. of Retail Space during the financial year, ended March 31, 2009.
The wholesale business, franchise business and retail undertaking of the Company was sold to TPG Wholesale Pvt. Ltd and Airplaza Retail Holdings Pvt. Ltd as per Wholesale Slump Sale Agreement dated January 06, 2011. It opened new stores under the brand 'V2' at Sanjauli, Solan and Jamshedpur. It opened a new warehouse at Rangpuri, Delhi on 31.12.2010 and also opened a new warehouse at Kapashera, Delhi on 25.04.2011.
In 2011-12, the Company opened new stores at Mahipalpur, Karol Bagh, Faridabad, Jamshedpur, Rajouri Garden, Ludhiana and Krishna Nagar. It opened new store at Patna on 02.04.2012. In 2013, it opened 8 new stores.
The Company had 15 stores in 2014, 1 new store was opened at AARA, in Bihar. Guwahati Store, in Assam was made operational in April, 2014. The number of store increased to 22 in 2016, to 37 in 2017. The number of 'V2' stores increased to 49. The Company added 16 stores in 2018. Total number of stores increased to 77 in 2019. M/s V2 Smart Manufacturing Private Limited was incorporated on 25.10.2019 as wholly owned subsidiary Company.
The Company added 31 new V2 Stores. It opened 10 stores in 2022 and added 12 V2 stores in 2023.
V2 Retail Ltd
Directors Reports
V2 Retail Ltd
Company Background
| Incorporation Year | 2001 |
| Registered Office | Khasra no 928 Ext Lal dora abd,Village Kapashera vasant vihar
New Delhi,New Delhi-110037 |
| Telephone | 91-011-4177850,Managing Director |
| Fax | |
Ram Chandra AgarwalRam Chandra Agarwal| Company Secretary | |
| Auditor | Singhi & Co |
| Face Value | 10 |
| Market Lot | 1 |
| Listing | BSE,NSE, |
| Registrar | Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,Vikhroli West,Mumbai-400083 |
V2 Retail Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Ram Chandra Agarwal | Chairman & Managing Director | 2023 |
| Uma Agarwal | Whole-time Director | 2023 |
| Akash Agarwal | Whole Time Director & CEO | 2023 |
| Arun Kumar Roopanwal | Independent Director | 2023 |
| Archana Yadav | Independent Director | 2023 |
| Srinivas Anand Mannava | Independent Director | 2023 |
V2 Retail Ltd
Listing Information
V2 Retail Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Apparels | Uni | 0 | 0 | 0 | 696.9768 |
| Non Apparels | NA | 0 | 0 | 0 | 49.4002 |
| Other Operating Income | NA | 0 | 0 | 0 | 1.0415 |
| Others | NA | 0 | 0 | 0 | 1.0009 |
| Sales tax | NA | 0 | 0 | 0 | 0 |
| FMCG | NA | 0 | 0 | 0 | 0 |
| Sale of Products | NA | 0 | 0 | 0 | 0 |