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
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