Vishal Mega Mart is one of India’s leading retail chains, offering a wide range of products at affordable prices. As of 2025, the company is primarily owned by Samayat Services LLP, which holds a significant stake in the business. The company has undergone various transformations since its inception, including changes in ownership and business strategy.
Vishal Mega Mart was founded in 2001 by Ram Chandra Agarwal and is currently headquartered in Gurugram, India. The company operates over 645 stores across 414 cities, making it one of the largest value retail chains in India. It offers a wide product range, including clothing, groceries, household items, and more. Vishal Mega Mart primarily caters to the middle and lower-middle-income groups, providing quality products at affordable prices.
In April 2025, the company initiated a large-scale recruitment drive for security guards across its outlets, which unexpectedly went viral on social media, sparking a wave of memes and discussions about the competitive job market in India.
Ownership Structure: Who Owns Vishal Mega Mart? (2025)
Vishal Mega Mart is currently owned by Partners Group, a global private equity firm based in Switzerland. While Vishal Mega Mart is owned by Partners Group, its retail operations are managed by Samayat Services LLP. Vishal Mega Mart Ltd is a Subsidiary of Samayat Services LLP.
As per the latest available data, the ownership distribution of Vishal Mega Mart is as follows:
| Owner Name | Role in Company | Ownership Percentage |
|---|---|---|
| Samayat Services LLP | Main Owner (Promoter) | 74.55% |
| Nippon Life India Asset Management | Investment Group | 2.98% |
| HDFC Asset Management | Investment Group | 1.97% |
| Axis Asset Management | Investment Group | 1.83% |
| Kotak Mahindra Asset Management | Investment Group | 1.52% |
| Public Shareholders | Individual Investors | Remaining Shares |
Note: The percentages are based on the shareholding pattern as of March 31, 2025.
About Samayat Services LLP, the Main Owner of Vishal Mega Mart
Samayat Services LLP is the primary promoter of Vishal Mega Mart. It is a Limited Liability Partnership that holds the majority stake in the company. The firm played a crucial role in the company’s Initial Public Offering (IPO) by offering its shares for sale to the public.
Vishal Mega Mart Founder: Ram Chandra Agarwal
Ram Chandra Agarwal is the visionary entrepreneur who founded Vishal Mega Mart in 2001. Starting from humble beginnings, he built the company into a significant player in the Indian retail sector.
However, due to financial challenges, he eventually sold the brand and went on to establish V2 Retail, another successful retail venture.
Vishal Mega Mart Initial Public Offering (IPO)
Vishal Mega Mart launched its IPO in December 2024. The key details are:
- IPO Dates: December 11–13, 2024
- Price Band: ₹74–₹78 per share
- Total Issue Size: ₹8,000 crore
- Type: Offer for Sale (OFS) by Samayat Services LLP
- Listing Date: December 18, 2024
The IPO was met with strong investor interest, receiving bids worth \$19 billion, significantly oversubscribed compared to the shares on offer.
Vishal Mega Mart Financial Performance
In the fiscal year 2023–24, Vishal Mega Mart reported:
- Revenue: ₹8,900 crore
- Year-on-Year Growth: Approximately 17.41%
- Profit After Tax (PAT): Significant increase of approximately 43.78%
These figures highlight the company’s robust financial health and its strong position in the Indian retail market.
Frequently Asked Questions (FAQs)
Q: Who currently owns Vishal Mega Mart?
A: As of 2025, the majority stake (74.55%) is held by Samayat Services LLP.
Q: Who founded Vishal Mega Mart?
A: The company was founded by Ram Chandra Agarwal in 2001.
Q: What products does Vishal Mega Mart offer?
A: The store offers a wide range of products, including clothing, groceries, household items, and more.
Q: How many stores does Vishal Mega Mart have?
A: The company operates over 645 stores across 414 cities in India.
Q: When did Vishal Mega Mart go public?
A: The company launched its IPO in December 2024 and was listed on December 18, 2024.
Vishal Mega Mart Official Site
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