In a bid to add nearly 200 new stores in different part of the country in the next five years, retail chain V-Mart will invest around Rs 200 crore. The company is also targeting over four-fold jump in revenue to touch Rs 2,500 crore by 2020 with smaller towns expected to be its key growth drivers.
The company had a revenue base of Rs 574.96 crore in FY 2013-14. It is, at present, operating 109 stores in 91 cities.
V-Mart is present at district level markets including Purnia, Saharsa, Madhubani, Motihari, Basti, Gonda, Lakhimpur, Bahraich and is in process to expand its base in the Eastern regions of Bengal and Orissa.
