Want to know Retail Companies in India? Well you have landed on the right article
This article will help the readers understand the importance of the top retail companies in India, which contribute about 10 per cent to India's Gross Domestic Product (GDP).
Extensive retail sector analysis has shown that India is one of the top ten consumer economies. It is also expected that by the end of 10 years, India will rank third among the largest consumer economies.
Many leading retail companies worldwide are acquiring or merging with the top retail companies of India to create top retail brands in India and benefit from its large consumption capability.
The top retail companies in India constitute 8 percent of the employed population which is very significant in understanding the importance of the retail sector.
The Indian retail industry is growing quickly, and its market size is expected to expand beyond $800 billion by the end of 2022.
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Aditya Birla Fashion and Retail Ltd (ABFRL)
(Best fashion retail)
Overall Rating: 5/5
It is a result of the consolidation of multiple branded apparel of Aditya Birla group, such as ABEL's Madurai Fashion limited and ABEL's Pantaloons Fashion and Retail Ltd, that happened in May 2015.
D- Mart
(Best supermarkets)
Overall Rating: 3/5
These supermarkets offer a wide variety of products for daily personal and basic needs, such as toiletries, food, garments, home appliances, kitchenware, etc., to achieve their goal of offering great products to their customers at a great value
Future Group
(Best retail trading of multiple brands.)
Overall Rating: 5/5
It is one of the top Indian retail companies engaged in the retail trading of multiple brands.It offers a wide range of fashion, household and consumer products and is also a manufacturer of garments.
Top 10+ Best Retail Companies in India
Want to jump straight to my top picks? My favorite is Aditya Birla Fashion and Retail and D-Mart.
1. Aditya Birla Fashion and Retail Ltd.
Aditya Birla Fashion and Retail Ltd (ABFRL) is ine of the top retail companies in India.
It is a result of the consolidation of multiple branded apparel of Aditya Birla group, such as ABEL's Madurai Fashion limited and ABEL's Pantaloons Fashion and Retail Ltd, that happened in May 2015.
It operates through a network of around 3400 plus brand stores across India and has a presence across 28000 plus multi-brand outlets in India.
Its portfolio consists of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England. Pantaloons is one of India's leading fashion retailers.
kEY dETAILS
- The company has its headquarters in Mumbai and is engaged in the clothing business.
- The company owner is Aditya Birla group, holding 56 percent of the company's share capital.
- The Aditya Birla group was founded by Seth Shiv Narayan Birla in 1857 and operated in 36 countries with more than 1,40,000 employees worldwide.
- The company's revenue was 8136 crore, and a retail space of 9.2 million square feet (as of 31st March 2022 during the year 2022). The company's net worth as of 31st March 2022 was 2773 crore. The company's market capitalization is Rs 25,094.
2. Avenue Supermarts Ltd (D-Mart)
D- Mart is an Indian retail corporation that runs a retail chains in India of supermarkets or hypermarkets in India.
These supermarkets offer a wide variety of products for daily personal and basic needs, such as toiletries, food, garments, home appliances, kitchenware, etc., to achieve their goal of offering great products to their customers at a great value.
It's Products include Grocery & Staples Daily Essentials Dairy & Frozen Home
And furniture Home Appliances Bed & Bath Clothing Footwear Toys Crockery Luggage Health and beauty Sporting goods and fitness Grocery Fruits & Vegetables.
kEY dETAILS
- It was founded by Radhakishan Damani in 2002, with its first branch at Powai's Hiranandani Gardens. DMart is present in 284 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. Avenue Supermarts Ltd is the owner and operator of this supermarket chain with its headquarters in Mumbai.
- The company's revenue as of 31st March 2022 was Rs 30,976 crores, with its market capitalization of Rs 2,41,928 crores, and the company's net worth as of 31st March 2022 was Rs 13678 crores.
3. Future Enterprises Ltd.
It is one of the Top retailers in India engaged in the retail trading of multiple brands.
It offers a wide range of fashion, household and consumer products and is also a manufacturer of garments.
kEY dETAILS
- The company has more than 738 stores in approx 221 cities across the country, and it operates under a different brand. Also, the company's products have their presence in more than 300 big bazaars, food bazaar stores, etc., in more than 240 cities across India.
- Kishore Bayani, who is widely credited as the pioneer of the Indian retail industry, is the founder and group chief executive officer of the future group.
- The company's revenue as of 31st December 2021 was Rs 1422 crores, and the net worth was Rs 2630 crores. The market capital of the company is Rs 144 crore.
4. Future lifestyles fashion Ltd.
Future Lifestyles Fashion Ltd. was founded in 2012 , as a retail chain in India it offers a wide range of products to its customers, such as clothes, fashion items, jewelry, furniture and other accessories.
Their product portfolio of fashion includes formal menswear, casual wear, active or sportswear, ethnic wear, denim wear, footwear and accessories for men and women across various price points.
kEY dETAILS
- It operates through more than 300 stores in 90 plus cities and occupies more than 5.7 million Square feet of retail space.
- They have established their presence in every segment of the Indian fashion industry, from design to distribution.
- Kishore Bayani is the founder and CEO of the future group.
- The company's revenue as of 31st December 2021 was Rs 2277 crore with a market capitalization of Rs 362 crore, and the net worth of the company as of 31st December 2021 was Rs 701 crores.
5. Future Retail Ltd.
It is one of the top retailing companies in India. It is the second-largest retail company and targets a wide range of customers through its chain of hypermarkets, big bazaars, and gourmet stores.
Also, their small retail chains such as Easyday club and Heritage fresh operate closer to the customers and offer them Ita wide range of services.
kEY dETAILS
- It was founded in 1987 and is owned by the future group, whose founder and CEO is Mr. Kishore Bayani.
- It conducts its business in more than 400 cities in every state of the country through approx 2000 stores and digital platforms and serves millions of customers. It occupies more than 16 million Square feet of retail.
- The company's revenue as of 31st December 2021 was Rs 6304 with a market capitalization of Rs 363 crore, and the company's net worth as of 31st December 2021 was Rs 1094 crore.
6. Reliance Retail Ltd.
Ranked as the largest growing retailer globally, it has grown to become India's largest retailer.
It aims to deliver superior value to its customers, suppliers and shareholders.
It operates in every sector
such as grocery, electronics, fashion, and lifestyle through various subsidiaries such as Reliance Fresh, myJio, Trends, Hamleys, Reliance footprints, etc.
It offers a wide range of products
such as groceries, electric appliances, telecommunication services, clothes, etc.
It has more than 12500 stores occupying 33.8 million square feet of retail space and operates in more than 7000 cities.
kEY dETAILS
- It is ranked 53rd in the list of top global retailers, and also it is the only Indian Retailer to feature in the Top 100.
- It was founded in 2006 by Mr. Mukesh Ambani, and it is a subsidiary of Reliance industries limited..
- The company's revenue for the financial year 2021 was Rs 157629 crores
7. Shopper's stop
It is an Indian retail company founded in 1991, and the company has its headquarters in Mumbai.
It is a subsidiary of K. Raheja Corporation.
It offers its customers a wide range of products, such as clothing, fragrances, accessories, handbags, health and beauty products, shoes, jewelry, cosmetics, home furnishing, and decor products.
kEY dETAILS
- It operates in more than 40 cities in India, with approx 86 departmental stores in the country. It also conducts its business online through e-commerce and aims to be a one-stop solution for all the customers' needs.
- The company's revenue as of 31st March 2022 was Rs 2519 crore with a market capitalization of Rs 5211 crore, and the company's net worth as of 31st March 2022 was Rs 76 crores.
- Corporate Office Address: SHOPPERS STOP LTD., Umang Tower, 5th Floor, Mindspace, Off. Link Road, Malad (West), Mumbai – 400 064.
8. Trent Ltd.(Westside)
It is one of the top 10 retail companies in India.
It is a part of the TATA group. The company was founded in 1998 in Mumbai.
And offers its customers a wide range of products
through Westside. Westside offers branded fashion apparel, footwear, and accessories for women, men, and children, and a range of home furnishings & decor.
kEY dETAILS
- It operates through more than a hundred departmental stores in India and It also has a hypermarket chain called Star Bazar, a book and music chain called Landmark and a complete family fashion store known as Fashion Yatra.
- The company's revenue as of 31st March 2022 was Rs 4498 crore with a market capitalization of Rs 39272 crore, and the net worth of the company as of 31st March 2022 was Rs 2364 crores.
- Corporate Office: Trent House, G Block, Bandra Kurla Complex-Bandra East, Mumbai – 400051
- Website: https://trentlimited.com/
9. V Mart Retail Ltd
It was incorporated as Varin Commercial Private limited in 2002 and changed its name to V Mart in 2006.
The company's first retail store was opened in Gujarat in 2003, and in 2008 the company converted into a public company.
It is a family fashion store that offers fashionable clothing options and other items to its customers at a very reasonable price and aims to deliver true value to its customers for their money.
It offers products such as apparel, general merchandise and Kirana goods that satisfy the overall needs of a family.
kEY dETAILS
- It was founded by a retail entrepreneur Mr. Lalit Agarwal in.
- They conduct their business operations in more than 235 tier-II and tier-III cities through 368 stores across India and occupy a retail space of 3.2 million square feet.
- The company's revenue as of 31st March 2022 was Rs 1666 crore with a market capital of Rs 5729 crore, and the company's net worth as of 31st March 2022 was Rs 850 crores.
- Website: https://www.vmar2002tretail.com/
10. V2 Retail Ltd. (V2 Kart)
It is one of the top retail companies in India. It was founded by Mr. Ram Chandra Agarwal, who introduced the concept of value retailing in 2001.
It offers fashionable clothing apparel to its customers. The company opened its first store in Jamshedpur in the year 2012.
The company aims to offer the best fashionable, trendy and large variety of clothes to its customers and an unparalleled shopping experience and value for their money.
kEY dETAILS
- It operates in more than 81 cities through more than 97 stores and occupies more than 10 lakh square feet of retail space.
- The company's revenue as of 31st March 2022 was Rs 629 crore with a market capitalization of Rs 394 crore, and the net worth of the company as of 31st March 2022 was Rs 258 crores.
- Website: https://www.v2retail.com/
11. Titan company
It is one of the largest retail companies in India. It began its operations in 1984 with the name Titan watches limited.
It is the fifth-largest own-brand manufacturer in the world.
It manufactures and offers fashion accessories
such as jewelry, watches and eyewear, belts, wallets etc
kEY dETAILS
- It was a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), and Xerxes Desai founded it.
- The company has its headquarters in Bangalore, Karnataka, and is a part of the Tata Group.
- They own many brands such as FastTrack, Titan Eye Plus, Zoya, Tanisha, Sonata, Octane, etc.
- The company's revenue as of 31st March 2022 was Rs 28799 crore with a market capitalization of Rs 195184 crore, and the company's net worth as of 31st March 2022 was Rs 9303 crores.
- Website: http://titancompany.in/
12. The Raymond Group
The Raymond Group is one of India's oldest and top retail companies. The group is also engaged in the business of engineering, aviation and Real estate.
It offers a wide range of elegant fabrics
for shirts and suits, such as wool, cotton, blends, linen, worsted cloth, etc.
It owns branded apparel brands like Raymond, Park Avenue, Parx, Kamasutra etc.
kEY dETAILS
- It was founded in 1925 and is a fabric and fashion retailer.
- The company operates through more than 1500 stores that expand across more than 600 towns and cities and has approx 20000 points of sales.
- The company's revenue as of 31st March 2022 was Rs 6179 crore with a market capitalization of Rs 7155 crore, and the company's net worth as of 31st March 2022 was Rs 2359 crores.
- Website: https://www.raymond.in/home
Future Of Retail companies in India
In a developing country like India, the market size and other opportunities will only increase in the future, and so will the scope for retail companies but for that they need to make sure that they also focus on increasing the affordability and accessibility of the products.
As long as they produce things that can solve people's problems without much complexity and are also able to target different customer groups, they will always have a tendency to grow
Conclusion
Talking about the retail companies, the covid pandemic changed the landscape significantly, but the technology will continue to change the retail industry soon.
These companies are expected to grow in the future, and hence they will help in the generation of employment, and their growth will benefit the Indian economy.
It aims to answer all the fundamental questions of the readers regarding the importance of the retail sector in the country and who are the top players in this sector.
I hope you liked our article on Retail Companies in India, if you have any comments or suggestions do share them in the comments below.
frequently asked question
Q. Which retail company is India's largest retailer?
Reliance Retail is India's largest retailer company. It offers a wide range of products that address the needs of a large customer group.
It was founded by Mr Mukesh Ambani in 2006 and is a subsidiary of Reliance Industries Limited. It is the only Indian retail company to feature in the top 100.
Q. Who is India's 2nd largest retailer?
The second-largest retailer company in India is Future Retail Ltd, which is a part of the future group. The founder of the future group is Mr Kishore Bayani.
The company offers a wide range of products to its customers and has a market capitalization of Rs. 363 crore. The company has approx 2000 stores across India.
Q. Which retailers are popular in India?
The Top retailer companies in India are Aditya Birla Fashion & Retail Ltd, Avenue Supermarts Ltd (D-Mart), Future Enterprises Ltd., Future Lifestyle Fashions Ltd, Future Retail Ltd., Reliance Retail Ltd., Shoppers Stop Ltd., Trent Ltd (Westside), V Mart Retail Ltd., V2 Retail Ltd. (V2kart), Titan Company, and The Raymond Group.
Here are my best picks:
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