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Vishal Retail Ltd

Vishal Retail founder to launch new ‘V2’ stores in 2-3 months

After selling off stores and assets of debt-ridden Vishal Retail, the company's founder R C Agarwal today said he is ready to make a come back in the retail space with a chain of stores under the ' V2...

TPG, Shriram Group buy Vishal Retail

TPG Wholesale Private Limited and Shriram Group have completed the acquisition of debt-ridden Vishal Retail Ltd. While TPG has acquired the wholesale and franchise undertaking of Vishal Retail, Airplaza Retail Holdings Pvt Ltd, a part of Shriram Group, has...

Vishal Retail clarifies media report

With reference to the news item appearing in media titled "TPG eyes Stake in Vishal for Rs. 250 cr", Vishal Retail Ltd has clarified to BSE, "Company is under burden of debt and to restructure the debt burden, the...

Ambeek Khemka, group prez, Vishal resigns

Vishal Retail Ltd has informed BSE that Ambeek Khemka, designated as group president of the Company, has put down his papers and is no more associated with the Company. This services have been discontinued with effect from February 2,...

Vishal Retail charged with PF violations, appeals against notice

The firm had deposited insufficient funds in the provident fund accounts of 13,000 employees, according to the notice. Supermarket chain Vishal Retail Ltd has received a notice from the Employees Provident Fund Organization (EPFO) alleging that the firm had deposited...

Vishal Retail gets extension on its short-term loans

Cash-strapped retail store chain Vishal Retail Ltd has rolled over Rs250 crore worth of short-term debt from various lenders. The loans taken early last year to fund the company’s aggressive expansion plans could not be repaid on time as it...

Vishal Retail goes to small city, opens in Mirzapur, UP

Vishal Retail Ltd, in its attempt to explore the country’s small city markets, has opened its new showroom in Mirzapur, Uttar Pradesh. This latest launch of Vishal Fashion Mart has been opened under the newly adopted franchisee model, said...

Vishal to open 100 more stores by fiscal-end

Vishal Retail Ltd, one of India’s leading discount retail chains, has announced its plan to open 100 new stores by March 2009 to have a total of 260 stores across the country. Announcing the plan, Ram Chandra Agarwal, CMD, Vishal...

Vishal to add new format, plans franchise move

Vishal Retail Ltd, the chain that runs discount stores of FMCG and apparels country wide, has planned to add a new format of specialty stores and will franchise through local retailers. It expects around 50 lakh square feet of retail...

Ebony CEO to join Vishal Retail

Lalit Kumar, CEO and director of Ebony Retail is joining Vishal Retail Ltd as president, retail. Kumar is expected to assume office at Vishal Retail by May 12. Kumar has been instrumental in getting Gautier, French furniture major, to India...
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