Lalit Agarwal / CMD - V Mart

Mr. Lalit Agarwal is a retail entrepreneur, and founded V-Mart in 2002, pioneering the concept of value fashion retailing in Tier II, III and IV towns in India. In his stewardship, V-Mart has grown to a store footprint of 202 stores in 163 towns across 16 states. As an acknowledgement of his visionary zeal and entrepreneurial success, Mr. Agarwal was awarded by Indian Retail (Franchise India) as ‘Retail Leader of the Year in 2018’.

Further, climbing from strength to strength, V-Mart has won several accolades and prestigious awards:

Transforming India Through Retail Award, recognised by the Ministry of Textiles, GOI and presented by the Hon. Union Minister of Textiles, Smriti Zubin Irani, in 2019
Chosen as “The world’s best-performing departmental store chain” by Bloomberg in 2018
“The Best operating model in India” by Jefferies Research
Indian Power Brand- 2012-2013 by Planman Media
“Most Admired Retailer of the Year”:- “Discount Retail” by Images Retail Award 2011
“Most Admired Retailer of the Year”:- “Concept Store” by India Retail Forum 2011
India’s No. 1 Brand Awards 2016: India’s Best Retail Fashion Store Chain Category by International Brand Consulting Corporation, USA

As a leading industry voice, Lalit holds the role of the Chairman of Retailers Association of India (RAI) for the Northern Region. In 2017, he was also nominated to the Niti Aayog’ Champions of Change initiative by the Government of India.

Lalit earned a Bachelor’s Degree in Commerce from Bombay University, and Diploma in Financial Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.