Ram Agarwal, V2 Retail turns stock in 45 days

Rising like the proverbial phoenix from the ashes, Ram Chandra Agarwal now heads the V2 retail chain, and remains every bit as confident of his success as he was a decade ago, although his optimism is now tempered with pragmatism. As promoter, he set up the first Vishal Garments store in Kolkata in 1994. In 2001, Agarwal moved to New Delhi to launch Vishal Retail, taking it public in June 2007 to raise INR 110 crore. However, in the years that followed, the company’s fast-paced store growth outpaced its sales and logistics capabilities, leading to deep losses and an eventual buyout by PE investors.

Source: http://www.indiaretailing.com/21/10/10/135

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