Meet Ramchandra Agarwal, who once challenged Mukesh Ambani, Ratan Tata, one mistake destroyed his business, sold Rs 2000 crore company for just Rs….
The entrepreneurial journey of Ram Chandra Agarwal began with a small photocopy shop, which he had to open in order to support his family.
Vishal Mega Mart is one among basically the most long-established and recognised manufacturers in India with a considerable fragment of its customers coming from the Indian center class. While you is at chance of be shopping for good food, home grocery or kind on your budget, Vishal Mega Mart is one among the stores that it's miles considerable to consult with. On the synthetic hand, attain you know that the founding father of the Vishal Mega Mart has a memoir that can inspire generations.
Who founded Vishal Mega Mart?
Ram Chandra Agarwal is the founding father of Vishal Mega Mart. He founded the company in 2001-2002, which has now change into one among the fastest-rising retail markets in India. Readers who have faith adopted the industry of Vishal Mega mart should know that one among one of the best causes within the wait on of the logo’s success is the truth that they offer excessive-quality merchandise at cheap costs.
Entrepreneurial crawl of Ram Chandra Agarwal
The entrepreneurial crawl of Ram Chandra Agarwal began with a small photocopy shop, which he had to open in show to present a steal to his family. Though the shop didn't final very long, it helped Ram Chandra name his industry instincts.
In his 2nd industry innings, he opened a cloth store in Kolkata’s Lal Bazaar and ran it for 15 years. After giving 15 years to the industry, he determined to steal the following step. He determined to cease his garment shop in Kolkata and open his retail industry in Delhi, which he later renamed into Vishal Mega Mart.
Why Vishal Mega Mart used to be equipped at Rs 70 crore?
On the synthetic hand, the actual self-discipline for Ram Chandra Agarwal used to be but to reach because the 2008 economic crisis brought a considerable setback for Vishal Mega Mart. Attributable to an enormous lack of Rs 750 crores, Ram Chandra Agarwal had to promote the ‘Vishal’ label reportedly worth Rs 2000 crore to Shriram Neighborhood and TPG Capital proper for Rs 70 crore.
How Ram Chandra Agarwal launched V2 Retail
Additionally, it's miles worth declaring that Ram Chandra Agarwal used to be born in a if truth be told depressed family, due to the which he even fell prey to polio, making him handicapped for all his existence. Lifestyles gave a 2nd chance to Ram Chandra Agarwal when he laid the foundation of V2 Retail, which is one among India’s fastest-rising retail manufacturers with greater than 150 stores across India as of date. So, this used to be the memoir of a particular person that as soon as challenged Mukesh Ambani, Ratan Tata within the retail clothes sector, now rising up to beat them everywhere again.
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