Board Of Directors

  • Lalit Agarwal

    Lalit Agarwal

    Managing Director

    Lalit Agarwal is a retail entrepreneur, and founded V-Mart in 2002, pioneering the concept of organized value retailing focusing on affordable fashion, in Tier II, III and IV Indian cities. He was awarded by Indian Retail (Franchise India) for ‘Retail Leader of the Year in 2018’ and, in July 2017, was nominated to the Niti Aayog’ Champions of Change initiative.[expander_maker id=”1″ more=’Read more’ less=’Read less’] In Lalit’s stewardship, V-Mart has won many prestigious awards. The company was chosen as “The world’s best-performing departmental store chain” by Bloomberg in 2018, “The Best operating model in India” by Jefferies Research, Indian Power Brand- 2012-2013 by Planman Media; “Most Admired Retailer of the Year”:- “Discount Retail” by Images Retail Award 2011. V-Mart has also won the “Most Admired Retailer of the Year”:- “Concept Store” by India Retail Forum 2011. It is one of the trusted retailers awarded by International Brand Consulting Corporation, USA as India’s No. 1 Brand Awards 2016: India’s Best Retail Fashion Store Chain Category.
    As a leading industry voice, Lalit holds the role of the Chairman of Retailers Association of India (RAI) for the Northern Region. Lalit earned a Bachelor’s Degree in Commerce from Bombay University, and Diploma in Financial Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai.
    Lalit also writes a weekly blog on the dynamics and interplay of Leadership, Culture and Technology. Track his extensive travels and experiences as he explores and understands the vast and diverse mosaic that India is[/expander_maker]

  • Madan Agarwal

    Madan Agarwal

    Whole Time Director

    Madan Agarwal has more than four decades of entrepreneurial experience in the fashion retail industry. He started his career by opening a tailoring shop in the 1970s and later, opened a popular and highly successful apparel and footwear retail store in Cuttack, ‘Shreeman Shreemati’. He is a mentor and a guiding force for the company, [expander_maker id=”1″ more=’Read more’ less=’Read less’]and has been instrumental in ensuring customer centricity and cost-consciousness is ingrained in the DNA of V-Mart. He has a Bachelor’s Degree in Arts from the City College, University of Calcutta.[/expander_maker]

  • Aakash Moondhra

    Aakash Moondhara

    Chairperson and Independent Director

    As an accomplished professional with diverse global experience, Aakash is currently the Global CFO of Naspers Fintech and PayU. Previously, he has held senior positions at Nokia India Private Limited, Baring Private Equity Partners (India) where he headed the Retail vertical, Bharti Retail Private Limited, Bharti Airtel Limited and AT&T Corporation and as the CFO of Snapdeal.[expander_maker id=”1″ more=’Read more’ less=’Read less’]Aakash is a steady member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He holds a Bachelor’s Degree in Commerce from the University of Delhi and an MBA from Southern Methodist University, Texas. He also attended the International Directors Programme at INSEAD in 2017 and attained the IDP-C certification for driving corporate governance at a Board level.[/expander_maker]

  • Murli Ramachandran

    Murli Ramachandran

    Independent Director

    Murli is a Management Consultant and CXO Coach specializing in transformation & strategy, performance improvement, leadership development and change management. He has about 30 years of rich and varied experience with well-known MNCs and Indian companies. [expander_maker id=”1″ more=’Read more’ less=’Read less’]During his career, he has held key leadership positions such as Operating Partner of TVS Capital Funds, MD of Sanmar Speciality Chemicals, MD of RPG Life Sciences, President of RPG Enterprises, and Partner / Associate Partner of KPMG Consulting and of Accenture.
    He is also a Director on the Board of Junior Achievement (JA) India – part of Junior Achievement Worldwide™, the world’s largest organization dedicated to educating students about Work Readiness, Financial Literacy and Entrepreneurship, through experiential, hands-on programs.
    Murli has a BE (Hons) degree in Mechanical Engineering and an MMS from BITS Pilani. He also has an MS in Industrial Engineering from Columbia University, New York.[/expander_maker]

  • Sonal Mattoo #3

    Sonal Mattoo

    Independent Director

    Sonal is a lawyer with almost 20 years of experience and specializes in preventing workplace harassment, diversity issues, mediation matters, matrimonial issues and negotiation. She is the Founder Director of Helping Hands, an NGO that helps implement policies against sexual harassment, and other forms of harassment and discrimination at the work-place,[expander_maker id=”1″ more=’Read more’ less=’Read less’]besides carrying out training and investigation on complaints filed with the organization. She is also the Founder Partner of Mantran Consultants, a firm specializing in CSR activities, Counselling, Diversity policies and workshops.
    She holds a B.A., LL.B. (Hons) degree from the prestigious National Law School of India University, Bangalore. Her schooling is from The Lawrence School, Sanawar.[/expander_maker]

  • Govind Shridhar Shrikhande

    Govind Shridhar Shrikhande

    Independent Director

    Govind possesses rich cross-functional experience of more than three decades in the Textiles, Apparel and Retail industry. He has worked across the fabric-apparel value chain, and multi- format retailing, including department stores, hypermarket, airport retail , books and music, etc. In his last professional role, he was the Managing Director of Shoppers Stop,[expander_maker id=”1″ more=’Read more’ less=’Read less’]where he started his stint in 2001 as the Vice President of Buying & Merchandising function, growing to the role of Chief Operating Officer role before being elevated as the MD.
    Prior to Shoppers Stop, he was associated with Mafatlal and Johnson & Johnson. He has the unique distinction of being part of the team that launched Arvind Denim & Arrow. Govind has also worked with Bombay Dyeing.
    He holds an MBA in Marketing from Symbiosis, Pune University, and B. Tech. in Textile Technology from VJTI, Mumbai University.[/expander_maker]

  • Shweta Kumar

    Sonal Mattoo

    Independent Director

    With a rich tapestry of global experience under her belt, Shweta Kumar steps into her role as a valued member of the V-Mart board of directors. Over the span of 25 years, She has traversed continents, leaving her mark on the landscapes of India, Africa, Middle East, and Latin America, with her expertise in organizational transformation, team empowerment, leadership development, and cultural evolution.

    Shweta’s career showcases her dedication to fostering growth and innovation. She excels in guiding leadership teams through transformative journeys, instigating paradigm shifts, and ushering in cultural dynamism across diverse industries.

    ,[expander_maker id=”1″ more=’Read more’ less=’Read less’]

    In the past, Shweta has steered organizational growth at Naspers Limited as Head of Learning and Development – APAC, led talent strategies at Honeywell as India Director of OD and Learning, worked with Motorola, Intel and co-founded Watsimp and Invincible You, embodying resilience and empowerment across varied roles and industries. She has also worked with Walmart, Larsen & Toubro, Uber, and Hines, providing coaching to top executives and spearheading innovative programs like inclusion labs.

    Shweta earned her Masters degrees in Human Resources from TISS, Masters in Change Management from INSEAD, and Masters in Applied Neuroscience from King’s College London. Passionate about development, Shweta also holds coaching certifications (John Mattone, Transformative Alignment Mapping) and specializes in Psychodrama.

    At V-Mart, Shweta’s astute insights, strategic prowess, and unwavering dedication to cultivating inclusive and innovative environments are poised to elevate our organization to unprecedented heights of success.




Senior Leadership Team

  • Vineet Jain

    Vineet Jain

    Chief Operating Officer

    Vineet is responsible for leading the development and execution of V-Mart’s operational and customer-centric strategies, with the goal of increasing shareholder value and profitability, and enhancing employee and customer value proposition. He has over two decades of rich experience managing and growing hypermarket and value fashion formats such as Big Bazaar, Food Bazaar and FBB.[expander_maker id=”1″ more=’Read more’ less=’Read less’] In his last stint as CEO – North India with the Future Group, where he worked for 18 years, Vineet was instrumental in driving the company’s business in the region to an annual turnover of INR 6000 crore, leading a team of more than 8000 committed associates, serving customers across a retail footprint of over 3 million sq. feet. Vineet is a certified CA, CS and ICWA. He is also an alumnus of IIM Ahmedabad and has done an Advance Management Program from INSEAD, France. His diverse experience, across retail as well as capital & finance industries, makes him a leader with a sharp business acumen. This, coupled with his drive and passion is a valuable combination to accelerate V-Mart’s growth and market leadership journey. On a personal note, Vineet is a family man who has a strong support system from wife Usha and son, Jayesh, for whom he is a doting father. He speaks Hindi, English as well as several regional languages comfortably. Whenever he manages to take out time from his busy work schedule, Vineet likes to play chess and read autobiographies of leaders, besides watching movies.[/expander_maker]

  • Anand Agarwal

    Anand Agarwal

    Chief Financial Officer

    As the CFO of V-Mart, Anand is a core member of the leadership team, driving growth, strategic execution and corporate governance agenda in the company. He has more than 22 years of rich experience in strategic planning, finance, legal, treasury, fund raising, M&As, investor relations and board management. Prior to V-Mart, Anand has held leadership roles in companies like HT Media and Reebok, and has earlier worked with Ernst & Young.[expander_maker id=”1″ more=’Read more’ less=’Read less’] In an entrepreneurial stint, Anand also co-founded and led one of India’s first ISP start-ups that was launched in 1999. His transparent workstyle and a calm disposition make him a natural at leadership and people-bonding. He is a regular speaker at prestigious industry events and well-regarded in the investor and analyst community. A CA and CS by qualification, Anand is a tech enthusiast and a former marathon runner. He is fond of gardening and reading. Despite being a workaholic, Anand is a family-oriented person at heart, and loves to spend quality time with his wife and two sons.[/expander_maker]

  • Jayesh Kothari

    Jayesh Kothari


    We are pleased to announce the Joining of Mr. Jayesh Kothari as President Merchandising. This key position will be integral to ensuring that V-Mart has an innovative and agile merchandising strategy across the country. In this position, Jayesh shall be setting the product line plan vision and would lead the merchandise buying,[expander_maker id=”1″ more=’Read more’ less=’Read less’]sourcing and designing process in order to achieve and exceed our strategic goals. Prior to joining V-Mart, Jayesh has worked with companies like Reliance, Vishal, etc.and has accumulated over 30 years of work experience. Jayesh is known to be a highly impactful and well regarded business leader in the Merchandising Domain. On the personal front, his support system lies with his wife, Manju, son Tejas, and daughter Taarishi. Jayesh is a travel enthusiast and spends his spare time exercising both his mind and body as he loves reading, participating in marathons and practising martial arts. His younger self has also won the coveted East India Taekwondo Championship.[/expander_maker]

  • Snehal Shah

    Snehal Shah

    Sr. Vice President
    (Projects & Business Development)

    In his long stint at V-Mart almost since its inception, Snehal has been instrumental in building the retail presence of the company, and establishing key processes in New Store Operations (NSO), business development and site selection, and marketing. [expander_maker id=”1″ more=’Read more’ less=’Read less’]During his tenure, since 2004, the company has witnessed its sales increase from 40 crore to 1200+ crore rupees, and a rapid growth in store footprint, from 5 to over 190 stores. His business acumen, understanding of market opportunity in tier II, III and IV towns at a grassroots level, and negotiation skills have enabled V-Mart become the ‘King of Fashion Retail’ where the ‘actual India’ lives. He has over 18 years of experience across back & front-end retail operations. A multi-talented and an extremely creative personality, he is the force behind several V-Mart projects. He happens to be one of those rare professionals whose forecasts are astute. Snehal is a Commerce graduate from Mumbai University, and has also earned a Certificate in Management from Crestcom, USA. Away from his hectic work schedule, Snehal is a doting dad and loves to spend time with his family, exploring new cuisines and place.[/expander_maker]

  • Ramesh Agarwal

    Ramesh Agarwal

    Vice President
    (Supply Chain Management)

    Ramesh has been associated with V-Mart since 2011, and is responsible for supply chain planning, warehouse and logistics operations, and FMCG planning and buying. He has rich and extensive experience of more than three decades as an entrepreneur and a retail industry professional, spanning multiple functions – manufacturing, planning and buying, retail operations, and supply chain management.[expander_maker id=”1″ more=’Read more’ less=’Read less’] His focused approach, in-depth business understanding and vendor negotiation skills have contributed significantly to V-Mart’s continued success in catering to store and customer requirements timely, and in building its FMCG/kirana business. Prior to joining V-Mart, Ramesh played a key role in Vishal Mega Mart where he led the development of over 200 FMCG/staples private labels, and also handled New Store Operations in V2 Retail Ltd. Ramesh started his retailing career in the 1980s, managing a popular apparel and tailoring showroom in Cuttack, Odisha. He has two children: a son, who is pursuing engineering, and a daughter is in architecture studies.[/expander_maker]

  • Srinivasan


    Vice President
    (Planning and Supply Chain)

    Over the past 3 years at V-Mart, Srini, as he is popularly known, has established the Planning and Allocation function, helping design and implement a rule-based engine that fulfils stock replenishment and reordering requirements at the store level. [expander_maker id=”1″ more=’Read more’ less=’Read less’]He has over 17 years of professional experience spread over retail and manufacturing industries, in consulting, planning and managing operations. Prior to V-Mart, Srini has consulted promoters of many retail companies including brands and departmental stores. He was the founding member of the Operations Advisory practice at Resurgent India for Indian Retail SMEs. In an earlier role as an advisor, he worked with Tesco as the Subject Matter Expert for cross functional processes of Tesco’s Operating Model and was involved in the roll out of the US venture Fresh & Easy stores. Earlier, he was a member of the commissioning team of world’s largest grass-root refinery at Reliance Jamnagar. Srini holds a degree in Chemical Engineering from A.C. College of Technology, Anna University, Chennai and a PGDM (MBA) in Finance and Operations from IIM Lucknow. A spiritually inclined person, he is a proud father of two sons.[/expander_maker]

  • Syed Ali Athar

    Syed Ali Athar

    Vice President
    (CSR & Skill Development Initiative)

    At V-Mart, Syed is leading the Skills Development Initiative of the company. He joined V-Mart in January 2018 after having served in key strategic positions throughout his career in leading companies, NIS Sparta (Business Head), Bharti Comtel(National Head), Centum learning(VP) & NIIT(Business Head/VP).[expander_maker id=”1″ more=’Read more’ less=’Read less’]Syed has work experience of around 22 years with 17 years in acquisition and implementation of Government/Multilateral projects in Training, Capacity Building and Skills Development Domain. He has been associated with design as well as implementation of large scale employability and skill development projects, including the National Police Training (Prevention of Trafficking/Capacity Building), government training projects in Naxal-affected and extremism- affected districts of the country, as well as projects with the United Nations Development Program and other development sector organizations and multilateral agencies like DFID and USAID. Syed is an Economics Graduate with a PG Diploma in Management. An Avid wild life enthusiast, when not on assignment, Syed is most likely to be sighted in wildlife sanctuaries along with wife Nidhi and daughter, Raabia.[/expander_maker]

  • Anjali Goel

    Anjali Goel

    Vice President
    (Human Resources)

    As Head, HR in V-Mart for the past 5 years, Anjali works closely with the stakeholders and the leadership team to design and implement HR strategy in line with the Business strategy and the future work scenarios in the VUCA space.[expander_maker id=”1″ more=’Read more’ less=’Read less’] She has more than 10 years of experience in effective leadership hiring, OD & Change Management, Talent Management, Workforce Planning, Employee Engagement, Talent Reviews and Assessment Centres. Prior to joining V-Mart in 2013, Anjali worked with the DLF Group in a managerial capacity for 6 years. She is competent in building and driving a culture of conversations, of innovation, recognition, values & behaviors and high performance. Her modest nature, patient listening skills and optimistic attitude makes her a natural people’s person and approachable. Anjali holds a Post Graduate Degree in Human Resources from the New Delhi Institute of Management. She is blessed with a daughter.[/expander_maker]

  • Jaideep Jaiman

    Jaideep Jaiman

    Vice President
    (Analytics & Digital Transformation)

    Jaideep Jaiman, currently Vice President Analytics & Digital Transformation at V-Mart, is responsible for developing and executing VMart’s digital strategy and transformation program with an emphasis on advanced analytics and AI/ML interventions He is from the first graduating batch of IIM Rohtak and through most of his 14 years of experience,[expander_maker id=”1″ more=’Read more’ less=’Read less’]  has worked with top executives of various firms as a management consultant. As a management consultant his work included retail excellence, analytics, strategy and financial modeling. However, an engineer from early education and experience he recently founded 2 startups, one providing advanced analytics & machine learning advisory and another a video AI operating system and app store.[/expander_maker]

  • Dinesh Srivastava

    Dinesh Srivastava

    Assistant Vice President
    (Information Technology)

    Mr Dinesh Srivastava has been associated with the Company since January 2011. He has more than 15 years of experience and expertise in Cyber security, IT planning and implementation. He handles all the information technology functions for the Company.[expander_maker id=”1″ more=’Read more’ less=’Read less’] . He is responsible for driving the IT strategy of the Company[/expander_maker]