Women Empowerment

Lalit Agarwal

Managing Director (MD)

Lalit Agarwal is a retail entrepreneur, and founded V-Mart in 2002, pioneering the concept of organized value retailing focusing on affordable fashion, in Tier II, III and IV Indian cities. He was awarded by Indian Retail (Franchise India) for ‘Retail Leader of the Year in 2018’ and, in July 2017, was nominated to the Niti Aayog’ Champions of Change initiative.

In Lalit’s stewardship, V-Mart has won many prestigious awards. The company was 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. V-Mart has also won the “Most Admired Retailer of the Year”:- “Concept Store” by India Retail Forum 2011. It is one of the trusted retailers awarded by International Brand Consulting Corporation, USA as India’s No. 1 Brand Awards 2016: India’s Best Retail Fashion Store Chain Category.

As a leading industry voice, Lalit holds the role of the Chairman of Retailers Association of India (RAI) for the Northern Region. Lalit earned a Bachelor’s Degree in Commerce from Bombay University, and Diploma in Financial Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.Lalit also writes a weekly blog on the dynamics and interplay of Leadership, Culture and Technology. Track his extensive travels and experiences as he explores and understands the vast and diverse mosaic that India is lalitagarwalspeaks.com

Aakash Moondhara

VP – Planning and Supply Chain

As an accomplished professional with diverse global experience, Aakash is currently the Global CFO of Naspers Fintech and PayU. Previously, he has held senior positions at Nokia India Private Limited, Baring Private Equity Partners (India) where he headed the Retail vertical, Bharti Retail Private Limited, Bharti Airtel Limited and AT&T Corporation and as the CFO of Snapdeal.
Aakash is a steady member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He holds a Bachelor’s Degree in Commerce from the University of Delhi and an MBA from Southern Methodist University, Texas. He also attended the International Directors Programme at INSEAD in 2017 and attained the IDP-C certification for driving corporate governance at a Board level.

M. Srinivasan

VP – Planning and Supply Chain

M. Srinivasan is our Vice President, Supply Chain Management and Planning, and has been associated with our Company since March 2, 2015. He holds a bachelor’s degree in technology from the Alagappa College of Technology, Anna University, with a specialisation in chemical engineering, and a post-graduate diploma in management from the Indian Institute of Management, Lucknow. Prior to his association with our Company, he has worked with Reliance Global Management Services Limited, Hewlett-Packard GlobalSoft Limited, Tesco Hindustan Service Centre and Resurgent India Capital Advisory Private Limited.

Mr. Jayesh Kothari

President Merchandising

Mr. Jayesh Kothari as President Merchandising. This key position will be integral to ensuring that V-Mart has an innovative and agile merchandising strategy across the country. In this position, Jayesh shall be setting the product line plan vision and would lead the merchandise buying, sourcing, and designing process in order to achieve and exceed our strategic goals. Prior to joining V-Mart, Jayesh has worked with companies like Reliance, Vishal, etc., and has accumulated over 30 years of work experience. Jayesh is known to be a highly impactful and well regarded business leader in the Merchandising Domain. On the personal front, his support system lies with his wife, Manju, son Tejas, and daughter Taarishi. Jayesh is a travel enthusiast and spends his spare time exercising both his mind and body as he loves reading, participating in marathons, and practicing martial arts. His younger self has also won the coveted East India Taekwondo Championship. “What You Do Makes A Difference, And You Have To Decide What Kind Of Difference You Want To Make” – is the affirmation that he lives by. The combination of his experience and drive makes him an ideal fit for our company for the next stages of growth. Please join us in wishing him all the best with his journey at V-Mart.

M. Srinivasan

VP – Planning and Supply Chain

Over the past 3 years at V-Mart, Srini, as he is popularly known, has established the Planning and Allocation function, helping design and implement a rule-based engine that fulfils stock replenishment and reordering requirements at the store level. He has over 17 years of professional experience spread over retail and manufacturing industries, in consulting, planning and managing operations. Prior to V-Mart, Srini has consulted promoters of many retail companies including brands and departmental stores. He was the founding member of the Operations Advisory practice at Resurgent India for Indian Retail SMEs. In an earlier role as an advisor, he worked with Tesco as the Subject Matter Expert for cross functional processes of Tesco’s Operating Model and was involved in the roll out of the US venture Fresh & Easy stores. Earlier, he was a member of the commissioning team of world’s largest grass-root refinery at Reliance Jamnagar. Srini holds a degree in Chemical Engineering from A.C. College of Technology, Anna University, Chennai and a PGDM (MBA) in Finance and Operations from IIM Lucknow. A spiritually inclined person, he is a proud father of two sons.

Anjali Goel

AVP – Human Resources

As Head, HR in V-Mart for the past 5 years, Anjali works closely with the stakeholders and the leadership team to design and implement HR strategy in line with the Business strategy and the future work scenarios in the VUCA space. She has more than 10 years of experience in effective leadership hiring, OD & Change Management, Talent Management, Workforce Planning, Employee Engagement, Talent Reviews and Assessment Centres. Prior to joining V-Mart in 2013, Anjali worked with the DLF Group in a managerial capacity for 6 years. She is competent in building and driving a culture of conversations, of innovation, recognition, values & behaviors and high performance. Her modest nature, patient listening skills and optimistic attitude makes her a natural people’s person and approachable. Anjali holds a Post Graduate Degree in Human Resources from the New Delhi Institute of Management. She is blessed with a daughter.

Madan Agarwal

Whole Time Director

Madan Agarwal has more than four decades of entrepreneurial experience in the fashion retail industry. He started his career by opening a tailoring shop in the 1970s and later, opened a popular and highly successful apparel and footwear retail store in Cuttack, ‘Shreeman Shreemati’. He is a mentor and a guiding force for the company, and has been instrumental in ensuring customer centricity and cost-consciousness is ingrained in the DNA of V-Mart.
He has a Bachelor’s Degree in Arts from the City College, University of Calcutta.

Lalit Agarwal

Managing Director (MD)

Lalit Agarwal is a retail entrepreneur, and founded V-Mart in 2002, pioneering the concept of organized value retailing focusing on affordable fashion, in Tier II, III and IV Indian cities. He was awarded by Indian Retail (Franchise India) for ‘Retail Leader of the Year in 2018’ and, in July 2017, was nominated to the Niti Aayog’ Champions of Change initiative.

In Lalit’s stewardship, V-Mart has won many prestigious awards. The company was 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. V-Mart has also won the “Most Admired Retailer of the Year”:- “Concept Store” by India Retail Forum 2011. It is one of the trusted retailers awarded by International Brand Consulting Corporation, USA as India’s No. 1 Brand Awards 2016: India’s Best Retail Fashion Store Chain Category.

As a leading industry voice, Lalit holds the role of the Chairman of Retailers Association of India (RAI) for the Northern Region. Lalit earned a Bachelor’s Degree in Commerce from Bombay University, and Diploma in Financial Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.Lalit also writes a weekly blog on the dynamics and interplay of Leadership, Culture and Technology. Track his extensive travels and experiences as he explores and understands the vast and diverse mosaic that India is lalitagarwalspeaks.com