How does Big Bazaar work?

How does Big Bazaar work?

Big Bazaar works on a low cost model. It considers its discounted price as its USP. There is an average discount of 6-8\% on all items in respect to their MRP. Prices of products are low because it is able to secure stock directly from the manufacturer.

Who owns Vishal Mega Mart?

If a person wants, nothing is impossible. A person can do anything with courage and lofty intentions. There is a similar story about ‘Ram Chandra Agarwal,’ the founder of Vishal mega mart. Ram Chandra Agarwal is handicapped but despite that, he formed a Rs 1000 crores company.

Is Vishal Mega Mart franchise?

VISHAL MEGA MART Franchise – Best Retail Franchise Business in India.

How many stores does Vishal Mega Mart have?

Vishal Mega Mart is India’s largest fashion-led hypermarket chain, with over 192 stores and a cumulative trading area of more than 3 million square feet across 110 cities and towns in India.

Is Vishal Mega Mart profitable?

The back-end entity, Vishal Mega Mart Pvt. Ltd, turned profitable during fiscal year 2017 and posted a net profit of Rs14. 5 crore as against a loss of Rs40 crore during the previous fiscal. It clocked revenue of Rs1,687 crore during fiscal 2017.

Why did Vishal Mega Mart fail?

The first major step in turning around the company was rationalising store count. A combination of poor location, bad economics and under-utilisation of resources had made most of the stores almost redundant. “From 200 stores, the number was shrunk to 100,” Bhatia says.

Is Vishal Mega Mart the first fashion-led hypermarket chain in India?

That’s the stunning turnaround story of Vishal Mega Mart, one of the earliest fashion-led hypermarket chains in India, founded in 2001. For Puneet Bhatia, buying Vishal was a great investment. “It had a strong value proposition,” recalls Bhatia, co-managing partner and country head (India) for TPG Capital Asia.

Is Vishal Mega Mart a good investment?

This time, it was bought by another private equity consortium—Partners Group and Kedaara Capital—for reportedly more than ₹5,000 crore. That’s the stunning turnaround story of Vishal Mega Mart, one of the earliest fashion-led hypermarket chains in India, founded in 2001. For Puneet Bhatia, buying Vishal was a great investment.

What is the difference between Mega Mart and Big Bazaar?

Vishal Mega Mart Private Limited is a private or non-government retailer company which is nearly nine years old. Established in 2010 this company has a big annual turn over of about Rupees 6 billion. Big Bazaar, as the name depicts, is another BIG retail market with almost all your daily necessities available.

Which is better Vishal Mart or Big Big Bazaar?

Big bazaar always keeps the original brands under it. So it is reasonable for the rates to be higher than in Vishal Mart. Major size categories are available in both the stores, but what matters is the suitability or the fitting of the size. If I bought ‘Small’, it shouldn’t be too small.