V-Mart Retail to add seven new stores by March 2013

V-Mart Retail is planning to add seven new stores by March 2013. The entity also aims to inaugurate other 25 stores to take the total number to 94 by 2014. At present, the company operates 62 stores. The return on net worth currently stands at 2%. 

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.