Lalit Agarwal is a retail entrepreneur, and founded V-Mart Retail in 2002, pioneering the concept of value fashion retailing in Tier II, III and IV towns in India. In his stewardship, V-Mart’s footprint has grown to 260 stores across 19 states, delivering affordable fashion to more than 35 million customers annually. 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, in 2019
> “IMAGES Most admired Affordable Fashion Retailer of the Year” at IMAGES Fashion Awards 2019
> “India’s Retail Champions Awards at Retail Leadership Summit (RLS) 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. He was invited as a speaker to the World Retail Congress (WRC), 2019, the foremost annual gathering of retail industry who’s who globally. In 2017, he was also nominated to the Niti Aayog’ Champions of Change initiative by the Government of India.
Lalit has also attended the renowned Owner/President Management Program at Harvard Business School. He earned a Bachelor’s Degree in Commerce from Bombay University, and Diploma in Financial Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.