V2 Retail Ltd

Ram Chandra Agarwal Chairman

Vision, Mission and Goal

We as a group of people and company are trying to enhance the quality of human life through enhancing the quality of our employees and creating environment and processes to enhance the quality of every human being. Every movement trying to be a better-quality human being.

Dear Shareholders,

As the MD of V2 Retail Limited, I feel humbled and honored to present our Company's performance for 2023-24. The business' strong market standing and repute are indeed a result of the Management's prudence, employee's efforts and the strong & relentless support of all stakeholders. For this, I would like to thank all our stakeholders and look forward to their continued faith in us.

This year has been a remarkable year for all of us here at V2 Retail. We emerged more resilient and reinvigorated, and our confidence in our capabilities is reflected not only in our numbers but also in the trust that our customers have placed in us.

Fashion is not only influenced by culture but also shapes it in profound ways. It serves as a mirror, reflecting societal norms, values, and aspirations. V2 Retail, a leading fashion and lifestyle retail chain in India, has been making value fashion available to the people and providing them with a diverse array of options.

One of the key reasons behind V2 Retail's success is its ability to offer a wide range of products that appeal to diverse customer segments. The company caters to men, women, and children, offering a variety of clothing, footwear, accessories, and lifestyle products. Whether it is ethnic wear, western wear, sportswear, or formal wear, V2 Retail has something for everyone.

Over the years, we have strategically expanded our presence across the country. During the year under review, we continued this expansion roadmap taking our total count to 117 stores compared to 102 in the previous year; our total retail space increased to 12.54 Lakhs sq ft from 10.83 Lakhs sq ft. The company has a well-defined expansion strategy, targeting Tier-II and Tier-III cities where there is a growing demand for fashion and lifestyle products. This expansion not only helps to increase V2 Retail's market reach but also contributes to the economic development of these regions.

It is no secret that customer centricity forms the core of any retail business. At V2 Retail, everything we do revolves around our customers, a culture that the entire organization boasts of, starting from the front-line employees to senior leadership teams. Amidst intense competition, we prioritize personalized experiences, ensuring customers feel valued and connected.

Moreover, V2 Retail understands the importance of affordability in a price-sensitive market like India. The company offers products at competitive prices, making fashion accessible to a wider range of consumers. V2 Retail also stays ahead of the curve by closely monitoring and adapting to the latest fashion trends.

V2 Retail places a strong emphasis on product development and vertical integration, which sets it apart from competitors and contributes to its success in the fashion retail market. By focusing on product development, we are also taking necessary measures to control our operating costs, including negotiating our contracts with the partners and also making investments in warehouse management technologies to improve the effectiveness of our supply chain.

V2 Retail is able to bring unique and innovative offerings to customers that are not easily found elsewhere. This not only drives customer loyalty but also gives the company a competitive edge in the market.

In addition, the company owns and operates its manufacturing units, allowing it to have better quality control and faster turnaround times. This vertical integration also helps V2 Retail save costs as it eliminates the need for middlemen and reduces dependence on external suppliers. V2 Retail's focus on quality helps it build trust and credibility with customers, leading to increased brand loyalty and repeat purchases.

Giving back to the society has never been more important and I'd like to thank each member of the V2 Retail family for their active support and unshakable trust in our abilities to deliver on our promise. You have motivated us to unleash our potential for the next phase of our growth. V2 Retail is committed to continuously evolving and expanding its presence to cater to the needs and preferences of its customers.

Thank you for your continued trust and confidence in V2 Retail.