India's Most Valuable Companies 2022 edition · Source: Hurun India
Rank#499- Valuation
- ₹5,951 Cr
2021 #427
Market Cap
₹6,102 Cr
VMART · NSE
Share Price
₹776.35
+1.25% today
Revenue
₹3,789 Cr
FY 2025-26 · +16.5% YoY
EBITDA
₹512 Cr
Margin 13.5%
Net Profit
₹125 Cr
FY 2025-26 · +421.5% YoY
P/E (TTM)
45.8x
P/B 6.1x
ROE
14.1%
ROCE 13.0%
Debt / Equity
0.99
Interest cover 35.1x
About V-Mart Retail Limited
Data last updated:
V-Mart Retail Limited is a public limited company based in New Delhi, Delhi, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 24 July 2002 and has been in existence for over 24 years.
Its director Lalit Agarwal and family are #872 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L51909DL2002PLC163727. Its GSTIN is 07AABCV7206K1Z7 (Delhi). The company holds 72 GST registrations, of which 67 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 534976 and NSE: VMART.
The company has an authorised share capital of ₹95 Cr and a paid-up capital of ₹79.46 Cr. It was formerly known as Varin Commercial Pvt Ltd and V-Mart Retail Private Limited. It is led by directors including Lalit Madangopal Agarwal (Managing Director) and Madan Gopal Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 610 – 611 Guru Ram Dass Nagar Main Market Opp. Sbi Bank Laxmi Nagar, New Delhi, Delhi, India – 110092.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3,789.36 Cr, a growth of 16.5% compared to the previous year. For the same year it recorded a net profit of ₹125.06 Cr (net margin 3.3%) and EBITDA of ₹512.27 Cr (EBITDA margin 13.5%). The net worth stands at ₹951.1 Cr (up 17.4% YoY). Total assets are valued at ₹1,927.97 Cr (up 19.8% YoY).
The company has about 12,731 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Limeroad, VMart and VMart Retail. As per MCA filings, the company has open charges of ₹350 Cr and satisfied charges of ₹146.98 Cr on record. Court records list 197 cases involving the company, including 58 filed by the company and 139 filed against it; 68 cases are pending. The company has 37 deals on record (32 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹88.03 Cr; the latest was in April 2026. Its 5 peer companies in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trade, except of motor vehicles and motorcycles) are compared by revenue, 3 larger and 2 smaller; the largest is Airplaza Retail Holdings Private Limited with revenue of ₹10,684 Cr. The company has 31 MSME Form 1 returns on record between 2016 and 2024, listing 6,706 overdue payments to 600 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vmart.co.in.
Company details
CIN L51909DL2002PLC163727
Registration Number 163727
Incorporation Date 24 July 2002
ROC Delhi
Listing Status Listed - Listed on NSE (VMART); Listed on BSE (534976)
Company Status Active
Compliance Status Active Compliant
Name history
V-Mart Retail has undergone 2 name changes throughout its history. The company was previously known as Varin Commercial Pvt Ltd, and V-Mart Retail Private Limited. The current legal name is V-Mart Retail Limited.
| Company Name | Status |
|---|---|
| V-Mart Retail Limited | Current |
| Varin Commercial Pvt Ltd | Previous |
| V-Mart Retail Private Limited | Previous |
CIN history
V-Mart Retail has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909DL2002PLC163727, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51909DL2002PLC163727 | Current |
| U51909DL2002PLC163727 | Previous |
| U51909DL2002PTC163727 | Previous |
Key People
Lalit Madangopal Agarwal Managing Director Madan Gopal Agarwal Whole-Time Director Govind Shridhar Shrikhande Director Recognitions & Rankings of V-Mart Retail
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #872 Lalit Agarwal & family ₹3,400 Cr
Contact details
V-Mart Retail Limited's registered office is in New Delhi, Delhi. Its website is vmart.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address610 – 611 Guru Ram Dass Nagar Main Market Opp. Sbi Bank Laxmi Nagar, New Delhi, Delhi, India – 110092
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of V-Mart Retail Limited, buy the company report.
Comprehensive company report
V-Mart Retail Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
V-Mart Retail operates multiple associated brands including Limeroad, VMart, and VMart Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online social shopping marketplace for women fashion products | limeroad.com | |
| Value retail chain offering fashion apparel, footwear, home furnishings, general merchandise, and kirana. | vmart.co.in | |
| Retail chain offering fashion, lifestyle, and home products | vmartretail.com |
Business activity
The main business activity of V-Mart Retail is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of V-Mart Retail Limited, buy the company report.
Financials of V-Mart Retail Limited
FY 2025-26 filings availableV-Mart Retail Limited reported revenue of ₹3,789.36 Cr (up 16.5% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹3,789 Cr
+16.5% YoY
EBITDA
₹512 Cr
+35.8% YoY
Profit After Tax
₹125 Cr
+421.5% YoY
Net Worth
₹951 Cr
+17.4% YoY
Total Assets
₹1,928 Cr
+19.8% YoY
Total Debt
₹958 Cr
+22.4% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,789 | 3,254 | 2,786 | 2,465 | 1,666 | 1,075 | 1,662 |
| Revenue growth | +16.5% | +16.8% | +13.0% | +47.9% | +54.9% | -35.3% | - |
| EBITDA | 512 | 377 | 213 | 269 | 204 | 131 | 214 |
| EBITDA margin | +13.5% | +11.6% | +7.7% | +10.9% | +12.3% | +12.2% | +12.9% |
| Profit before tax | 155 | 43.96 | (130) | (13.01) | 10.40 | (9.67) | 69.52 |
| Net profit | 125 | 23.98 | (94.51) | (10.05) | 12.23 | (6.76) | 48.14 |
| Net profit margin | +3.3% | +0.7% | -3.4% | -0.4% | +0.7% | -0.6% | +2.9% |
| EPS (₹) | 15.61 | 23.12 | (48.92) | (3.97) | 5.89 | (3.15) | 27.18 |
| Balance sheet | |||||||
| Total assets | 1,928 | 1,610 | 2,151 | 2,193 | 1,763 | 1,400 | 982 |
| Net worth | 951 | 810 | 747 | 849 | 850 | 825 | 459 |
| Total debt | 958 | 783 | 1,391 | 1,332 | 902 | 568 | 517 |
| Cash & bank | 19.53 | 39.42 | 27.23 | 18.06 | 35.06 | 27.47 | 4.99 |
| Net working capital | 369 | 394 | 336 | 500 | 440 | 340 | 271 |
| Cash flow | |||||||
| Cash from operations | 501 | 349 | 386 | 177 | (11.25) | 149 | 86.30 |
| Cash from investing | (174) | (122) | (118) | (159) | 124 | (419) | 0.51 |
| Cash from financing | (346) | (215) | (259) | (32.92) | (104) | 287 | (94.32) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 953 | 1,089 | 971 | 1,126 | 807 | 885 | 780 | 1,027 |
| Revenue growth (YoY) | +18.1% | +23.0% | +24.5% | +9.7% | +22.1% | +12.6% | - | - |
| Other income | 2.68 | 2.65 | 5.64 | 3.96 | 3.43 | 2.93 | 26.51 | 3.38 |
| Total expenses | 867 | 928 | 865 | 919 | 735 | 759 | 712 | 855 |
| EBITDA | 86.06 | 161 | 106 | 207 | 71.51 | 126 | 68.14 | 171 |
| EBITDA margin | +9.0% | +14.8% | +10.9% | +18.4% | +8.9% | +14.3% | +8.7% | +16.7% |
| Depreciation | 88.75 | 83.95 | 80.14 | 77.89 | 71.10 | 67.92 | 54.36 | 62.58 |
| Interest | 20.69 | 19.82 | 19.24 | 20.55 | 17.45 | 18.24 | 17.40 | 42.43 |
| Profit before tax | (20.70) | 59.52 | 12.54 | 113 | (13.61) | 42.94 | 22.89 | 69.74 |
| Tax | (4.36) | 12.31 | 1.26 | 24.92 | (4.74) | 9.34 | 4.38 | (1.89) |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 12 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 953 | 1,089 | 971 | 1,126 | 807 | 885 | 780 | 1,027 |
| Revenue growth (YoY) | +18.1% | +23.0% | +24.5% | +9.7% | +22.1% | +12.6% | - | - |
| Other income | 2.68 | 2.65 | 5.64 | 3.96 | 3.43 | 2.93 | 26.51 | 3.38 |
| Total expenses | 867 | 928 | 865 | 919 | 735 | 759 | 712 | 855 |
| EBITDA | 86.06 | 161 | 106 | 207 | 71.51 | 126 | 68.14 | 171 |
| EBITDA margin | +9.0% | +14.8% | +10.9% | +18.4% | +8.9% | +14.3% | +8.7% | +16.7% |
| Depreciation | 88.75 | 83.95 | 80.14 | 77.89 | 71.10 | 67.92 | 54.36 | 62.58 |
| Interest | 20.69 | 19.82 | 19.24 | 20.55 | 17.45 | 18.24 | 17.40 | 42.43 |
| Profit before tax | (20.70) | 59.52 | 12.54 | 113 | (13.61) | 42.94 | 22.89 | 69.74 |
| Tax | (4.36) | 12.31 | 1.26 | 24.92 | (4.74) | 9.34 | 4.38 | (1.89) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,789 | 3,254 | 2,786 | 2,465 | 1,666 | 1,075 | 1,662 |
| Revenue growth | +16.5% | +16.8% | +13.0% | +47.9% | +54.9% | -35.3% | - |
| Other income | 15.04 | 36.30 | 20.95 | 14.97 | 13.96 | 21.04 | 4.48 |
| Total expenses | 3,277 | 2,877 | 2,573 | 2,196 | 1,462 | 944 | 1,448 |
| Employee cost | 395 | 363 | 287 | 256 | 180 | 117 | 154 |
| EBITDA | 512 | 377 | 213 | 269 | 204 | 131 | 214 |
| EBITDA margin | +13.5% | +11.6% | +7.7% | +10.9% | +12.3% | +12.2% | +12.9% |
| Depreciation | 297 | 233 | 222 | 180 | 131 | 103 | 93.92 |
| Interest | 75.48 | 136 | 142 | 117 | 77.19 | 58.95 | 54.78 |
| Profit before tax | 155 | 43.96 | (130) | (13.01) | 10.40 | (9.67) | 69.52 |
| Tax | 30.78 | (1.81) | (33.74) | (5.16) | (1.25) | (3.47) | 20.18 |
| Net profit | 125 | 23.98 | (94.51) | (10.05) | 12.23 | (6.76) | 48.14 |
| Net profit margin | +3.3% | +0.7% | -3.4% | -0.4% | +0.7% | -0.6% | +2.9% |
| EPS (₹) | 15.61 | 23.12 | (48.92) | (3.97) | 5.89 | (3.15) | 27.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 79.46 | 19.80 | 19.78 | 19.77 | 19.75 | 19.71 | 18.16 |
| Reserves & surplus | 872 | 790 | 727 | 829 | 830 | 806 | 441 |
| Shareholders' funds (net worth) | 951 | 810 | 747 | 849 | 850 | 825 | 459 |
| Secured loans | 100 | 149 | 110 | 110 | 0.00 | 0.00 | 0.03 |
| Unsecured loans | 858 | 634 | 1,281 | 1,222 | 902 | 568 | 517 |
| Total debt | 958 | 783 | 1,391 | 1,332 | 902 | 568 | 517 |
| Total liabilities | 1,928 | 1,610 | 2,151 | 2,193 | 1,763 | 1,400 | 982 |
| Assets | |||||||
| Gross block | 1,799 | 1,379 | 1,927 | 1,652 | 1,272 | 820 | 760 |
| Net block | 1,366 | 1,039 | 1,661 | 1,445 | 1,111 | 697 | 667 |
| Capital work in progress | 8.27 | 4.31 | 3.84 | 109 | 6.38 | 2.19 | 2.47 |
| Investments | 18.38 | 5.05 | 4.70 | 8.54 | 125 | 319 | 7.89 |
| Inventories | 988 | 987 | 816 | 871 | 668 | 428 | 478 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 19.53 | 39.42 | 27.23 | 18.06 | 35.06 | 27.47 | 4.99 |
| Loans & advances | 214 | 194 | 187 | 160 | 74.01 | 111 | 30.10 |
| Total current assets | 1,221 | 1,221 | 1,030 | 1,049 | 777 | 567 | 513 |
| Total current liabilities | 852 | 827 | 694 | 549 | 337 | 226 | 242 |
| Net working capital | 369 | 394 | 336 | 500 | 440 | 340 | 271 |
| Total assets | 1,928 | 1,610 | 2,151 | 2,193 | 1,763 | 1,400 | 982 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 39.42 | 27.23 | 18.06 | 33.04 | 22.23 | 4.81 | 12.32 |
| Net cash from operating activities | 501 | 349 | 386 | 177 | (11.25) | 149 | 86.30 |
| Net cash from investing activities | (174) | (122) | (118) | (159) | 124 | (419) | 0.51 |
| Net cash from financing activities | (346) | (215) | (259) | (32.92) | (104) | 287 | (94.32) |
| Net change in cash | (19.89) | 12.19 | 9.17 | (14.98) | 7.95 | 17.42 | (7.51) |
| Closing cash | 19.53 | 39.42 | 27.23 | 18.06 | 35.06 | 27.47 | 4.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.5% | +16.8% | +13.0% | +47.9% | +54.9% | -35.3% | - |
| EBITDA growth | +35.8% | +77.0% | -20.8% | +31.6% | +55.7% | -38.6% | - |
| PBT growth | +252.1% | +9998.0% | -903.1% | - | +9998.0% | - | -30.3% |
| Net income growth | +421.5% | +125.4% | -840.4% | -182.2% | +280.9% | -114.0% | - |
| Revenue CAGR (3Y) | +15.4% | +25.0% | +37.3% | +14.0% | +5.1% | -4.2% | +18.4% |
| EBITDA CAGR (3Y) | +24.0% | +22.7% | +17.5% | +8.0% | +18.4% | -0.4% | +36.1% |
| Profitability & leverage | |||||||
| Net income margin | +3.3% | +1.4% | -3.5% | -0.3% | +0.7% | -0.6% | +3.0% |
| Return on capital employed | +13.0% | +8.4% | +0.6% | +5.1% | +5.2% | +4.1% | +17.7% |
| Return on net worth | +14.1% | +3.1% | -12.1% | -1.2% | +1.5% | -1.0% | +11.4% |
| Debt / equity | 0.99 | 1.40 | 1.71 | 1.32 | 0.88 | 0.84 | 0.60 |
| Long-term debt / equity | 0.60 | 1.05 | 1.44 | 1.15 | 0.82 | 0.75 | 0.50 |
| Interest cover | 35.07 | 94.68 | -1,567.95 | 131.46 | 104.83 | 208.75 | 45.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.38 | 1.97 | 1.56 | 1.69 | 1.59 | 1.36 | 3.36 |
| Inventory turnover | 3.84 | 3.61 | 3.30 | 3.20 | 3.04 | 2.37 | 4.12 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 15.61 | 23.12 | (48.92) | (3.97) | 5.89 | (3.15) | 27.18 |
| Dividend per share (₹) | 1.00 | 0.00 | 0.00 | 0.00 | 0.75 | 0.00 | 0.00 |
| Book value per share (₹) | 119.70 | 409.18 | 377.65 | 429.44 | 430.20 | 418.77 | 252.78 |
To see the full year-wise statements and ratios of V-Mart Retail Limited, buy the company report.
Board of directors of V-Mart Retail Limited
V-Mart Retail has 6 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madan Gopal Agarwal Also directs: Conquest Business Services Private Limited | Whole-Time Director | 24 Jul 2002 | 24 Years 3 Months | Current |
| Lalit Madangopal Agarwal Also directs: Conquest Business Services Private Limited | Managing Director | 24 Jul 2002 | 24 Years 3 Months | Current |
| Govind Shridhar Shrikhande Also directs: Brand Concepts Limited, Arvind Fashions Limited, India Retails & Hospitality Private Limited and 1 more | Director | 02 Nov 2018 | 8 Years 0 Months | Current |
| Aakash Moondhra | Director | 18 Mar 2010 | 16 Years 7 Months | Current |
| Raghuvesh Sarup | Director | 14 May 2024 | 2 Years 5 Months | Current |
| Shweta Kumar Also directs: Vedanga Solutions Private Limited | Director | 14 May 2024 | 2 Years 5 Months | Current |
Peer comparison
V-Mart Retail Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trade, except of motor vehicles and motorcycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Airplaza Retail Holdings Private Limited | ₹10,684 Cr (FY 2025) | 21.0% | Gurgaon, Haryana, India | |||
| More Retail Private Limited | ₹4,701.32 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Shoppers Stop Limited | ₹4,681.76 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| V-Mart Retail Limitedthis company | ₹3,789.36 Cr (FY 2026) | ₹125.06 Cr | 3.3% | 16.5% | 12,731 | New Delhi, Delhi, India |
| Trent Hypermarket Private Limited | ₹2,743.47 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Spencer's Retail Limited | ₹2,098.72 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India |
To see the full peer comparison of V-Mart Retail Limited, buy the company report.
Auditor
V-Mart Retail Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2025 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 44.20%, foreign institutional investors hold 16.50%, domestic institutional investors hold 30.90% and retail and other public shareholders hold 8.50%.
Sep 2026
QUARTER
44.20% Promoters
30.90% DII (Domestic Institutional)
16.50% FII (Foreign Institutional)
8.50% Retail & Others
Promoter holding - history
Now 44.20% · Sep 2026High 44.20% · Dec 2025Low 44.20% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 44.20% | 44.20% | 44.20% | 44.20% |
| Public | 55.80% | 55.80% | 55.80% | 55.80% |
Charges & borrowings
Open charges
₹350 Cr
Satisfied charges
₹146.98 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2024 | 100979148 | Axis Bank Limited | ₹50 Cr | Open | |
| 19 Sep 2019 | 100289810 | Axis Bank Limited | ₹90 Cr | Open | |
| 23 Apr 2018 | 100176947 | Hdfc Bank Limited | ₹75 Cr | Open | |
| 16 May 2017 | 100103378 | Others | ₹84 Cr | Open | |
| 24 Sep 2010 | 10244645 | State Bank of India | ₹51 Cr | Open |
To see the full charge records of V-Mart Retail Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
V-Mart Retail Limited has 37 deals on record (32 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹88.03 Cr; the latest was in April 2026.
Total deals
37
Market trades
32
Funding rounds
2
Acquisition
1
IPO
1
Disclosed funding
₹88.03 Cr
Deals on record (5 of 37)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Market trade | ₹36.87 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Apr 2026 | Market trade | ₹442.26 Cr | Buyer: Microcurves Trading Private Limited , NK Securities Research Private Limited , Junomoneta Finsol Private Limited Seller: Microcurves Trading Private Limited , NK Securities Research Private Limited , Junomoneta Finsol Private Limited |
| Apr 2026 | Market trade | ₹39.78 Cr | Buyer: Irage Broking Services LLP Seller: Irage Broking Services LLP |
| Apr 2026 | Market trade | ₹721.19 Cr | Buyer: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , Irage Broking Services LLP Seller: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , Microcurves Trading Private Limited |
| Apr 2026 | Market trade | ₹89.06 Cr | Buyer: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited Seller: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited |
To see the full deal history of V-Mart Retail Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
V-Mart Retail Limited has 197 court cases on record: 58 filed by V-Mart Retail, 139 filed against it. 68 cases are pending and 129 are disposed.
Total cases
197
Filed by the company
58
Filed against the company
139
Pending
68
Disposed
129
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 152 | 120 | 53 |
| High courts | 43 | 18 | 15 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 197)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Guntur, Andhra Pradesh | Civil suit | Filed against the company by Arvind Lifestyle Brands Ltd. Rep by Auth. Singnatory B.A. Seshagiri Rao | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Aditya Birla Fashion and Retail Limited | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Mintifi Finserve Pvt. Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Mintifi Finserve Private Limited. | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed against the company by A M Marketplaces Private Limited and 1 other | Pending |
To see the full case history of V-Mart Retail Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
V-Mart Retail Limited was last rated by Icra on 08 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Mar 2021 |
To see the full credit ratings and regulatory alerts of V-Mart Retail Limited, buy the company report.
MSME payment delays
V-Mart Retail Limited has 31 MSME Form 1 returns on record between 2016 and 2024, listing 6,706 overdue payments to 600 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 600)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of V-Mart Retail Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
V-Mart Retail Limited has a workforce of 12,731 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Employee count
12,731
Active EPFO establishments
2
Employee growth
4.4%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 12,731 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of V-Mart Retail Limited, buy the company report.
GST
V-Mart Retail has 72 GST registrations: 67 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
72
Active
67
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCV7206K1Z7 | Delhi | Active | 01 Jul 2017 |
| 07AABCV7206K1CI | Delhi | Active | 31 Aug 2022 |
| 03AABCV7206K1ZF | Punjab | Active | 01 Jul 2017 |
| 04AABCV7206K1ZD | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V-Mart Retail Limited, buy the company report.
Recent activity
V-Mart Retail Limited has 23 board changes on record since 2002: 15 appointments and 8 cessations. The latest: Murli Ramachandran ceased to be Director on 21 Jan 2025.
AGM
V-Mart Retail Limited last Annual general meeting of members was held on 30 Jul 2026 as per latest MCA records.
Filing
V-Mart Retail Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Ceased
Murli Ramachandran ceased to be Director.
Ceased
Sonal Mattoo ceased to be Director.
Charges
A charge registered on 06 Sep 2021 via Charge ID 100483632 with Axis Bank Limited was fully satisfied on 09 Oct 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100979148 was registered on 31 Aug 2024.
Appointed
Raghuvesh Sarup was appointed as Director.
Appointed
Shweta Kumar was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 51.00 Cr registered on 24 Sep 2010 with Charge ID 10244645 was modified on 30 Mar 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 75.00 Cr registered on 23 Apr 2018 with Charge ID 100176947 was modified on 21 Sep 2023.
Charges
A charge with Axis Bank Limited of Rs. 90.00 Cr registered on 19 Sep 2019 with Charge ID 100289810 was modified on 27 Jun 2023.
Charges
A charge with Others of Rs. 84.00 Cr registered on 16 May 2017 with Charge ID 100103378 was modified on 15 Jun 2023.
67 earlier events are in the company report.
News
VMART: Q2 REVENUE 9.53B RUPEES VS 8.1B (YOY)
VMART: Q2 SL NET LOSS 163M RUPEES VS LOSS 89M (YOY)
VMART: Q2 EBITDA 860M RUPEES VS 715M (YOY); Q2 EBITDA MARGIN 9.03% VS 8.9% (YOY)
V-Mart Retail: Reports Q2 FY27 Revenue Increase Of 18% Yearly To ₹953 Crore, Expands By Opening 23 New Stores For A Total Of 613 Operating Stores
Frequently asked questions
V-Mart Retail is an active public limited company based in New Delhi, Delhi, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 24 July 2002 (24+ years old) and is registered under CIN L51909DL2002PLC163727. Listed on BSE: 534976 and NSE: VMART.
V-Mart Retail reported revenue of ₹3,789.36 Cr for FY 2025-26 (up 16.5% YoY) based on standalone financials.
V-Mart Retail has 6 current directors:
- Lalit Madangopal Agarwal - Managing Director
- Madan Gopal Agarwal - Whole-Time Director
- Govind Shridhar Shrikhande - Director
- Aakash Moondhra - Director
- Raghuvesh Sarup - Director
- Shweta Kumar - Director
The latest financial statements of V-Mart Retail on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of V-Mart Retail is 07AABCV7206K1Z7, registered in Delhi. The company has 72 GST registrations in all, of which 67 are active and 5 are cancelled or inactive. Other active GSTINs include 07AABCV7206K1CI (Delhi), 03AABCV7206K1ZF (Punjab), 04AABCV7206K1ZD (Chandigarh).
The CIN (Corporate Identification Number) of V-Mart Retail is L51909DL2002PLC163727. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. V-Mart Retail is a listed company as per MCA records. Its shares are listed on both BSE (code: 534976) and NSE (symbol: VMART).
V-Mart Retail has 197 court cases on record: 58 filed by the company and 139 filed against it. 68 are pending. Most are in the district courts.
V-Mart Retail was incorporated on 24 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.
V-Mart Retail has 37 deals on record (32 market trades, 2 funding rounds, 1 acquisition), with disclosed funding of ₹88.03 Cr; the latest was in April 2026.
The peers of V-Mart Retail by revenue are Airplaza Retail Holdings Private Limited, More Retail Private Limited, Shoppers Stop Limited, Trent Hypermarket Private Limited, Spencer's Retail Limited, all in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trade, except of motor vehicles and motorcycles).
Murli Ramachandran ceased to be Director on 21 Jan 2025. Sonal Mattoo ceased to be Director on 21 Jan 2025. Raghuvesh Sarup was appointed as Director on 14 May 2024. V-Mart Retail has 23 board changes on record in total.
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