Retail News India: Three and a half years after his organization Vishal Retail was sold to a consortium headed by private value giant TPG, Ram Chandra Agarwal is arranging enthusiastic about his new retail business, V2 Retail.
Presently, Agarwal is considering growing the chain of 16 V2 Retail stores, which principally offer attire, in different states, including Uttar Pradesh and those in the North-east. He additionally plans to set up business-to-business and business-to-purchasers e-commerce entries to concentrate on quality design. “I need to make the e-trade entryway the nation’s biggest quality style entry,” he said on the sidelines of the India Retail Forum here.
For V2 Retail, Agarwal is opening stores of with a zone of 12,000 sq ft, against Vishal Retail’s store size of 18,000 sq ft. “Amid the times of Vishal Retail, we opened 10,00,000 sq ft in a year. Today, we are opening 200,000 sq ft in three years,” Agarwal said. V2 Retail planned to build its income 30 for every penny consistently, he said, including the organization was looking at offers of Rs 260-270 crore and a benefit of Rs 9 crore this money related year.
For V2 Retail, Agarwal is opening stores of with a territory of 12,000 sq ft, against Vishal Retail’s store size of 18,000 sq ft. “Amid the times of Vishal Retail, we opened 10,00,000 sq ft in a year. Today, we are opening 200,000 sq ft in three years,” Agarwal said. V2 Retail intended to build its income 30 for every penny consistently, he said, including the organization was peering toward offers of Rs 260-270 crore and a benefit of Rs 9 crore this money related year.
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