Credit rating agency, Credit Analysis & Research (CARE) has revised rating of V-Mart Retail’s long term bank facilities worth Rs 45 crore which was enhanced from Rs 38 to ‘A’ from ‘A-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 8 crore to ‘A1’ from ‘A2+’.
V-Mart Retail is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. The company primarily operates in Tier-II and Tier-III cities, with a chain of ‘value retail’ departmental stores offering apparels, general merchandise and kirana, catering to the entire family. Based in New Delhi, the company operations are spread across northern, western and eastern parts of India.
