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V-Mart Appoints Govind Shrikhande as an Independent Director

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Govind ShrikhandeLeading value retail department store chain V-Mart announced the appointment of Govind Shrikhande as an Independent Director of the Company, effective Nov 2, 2018. Known to the industry for his glowing track record at Shoppers Stop which he joined in 2001 and left as MD, Shrikhande possesses rich cross-functional experience in textiles, apparel and retail. 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. He has also worked with Bombay Dyeing.

With this appointment, V-Mart’s current Board constitution is as follows:

1. Lalit Agarwal, Chairman & Managing Director

2. Madan Agarwal, Whole Time Director

3. Aakash Moondhra, Independent Director

4. Murli Ramachandran, Independent Director

5. Sonal Mattoo, Independent Director

6. Govind Shrikhande, Independent Director

Welcoming the veteran retailer to the Board, Lalit Agarwal, Chairman and Managing Director of V-Mart said, “Govind’s extensive experience in managing large scale organizational transformation to drive customer centricity, and successful adoption of enabling technology and processes will be a great asset to the value retailing ethos of the Company.”

On this next step in his career, Shrikande commented, “I am honored to join the Board during a time of opportunity driven by dynamic shifts in the Indian retail landscape, with millions of families in Tier II, III and IV towns transitioning to a modern retail and omnichannel experience.”

Primarily focusing on Tier II and III cities, V-Mart has more than 190 stores with an average store size of approximately 8,000 sq. ft.

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