Future is thinking beyond horizon & in order to keep its pace with the modern retail, VishalR e t a i l L i m i t e d i s s p r e a d i n g i t s w i n g s .

I n s t e a d o f r e s t i n g o n i t s l a u r e l s t h e G r o u p a r e b u s y identifying new avenues of growth by venturing in other formats like cash & carry, convenios aswell as specialty stores and inspiring local retailers to grow along with the big names. The grouphas tied up with HPCL to open corner stores at their petrol pumps and in a ddition to the aboveVishal has come up with an institute to train manpower for the service industry.Today Vishal Retail Limited, Flagship Company of Vishal Group, engaged in Hyper Market stores with an average area of 25,000 to 30,000 sq. ft. through an impressive chain of more than100 fully integrated stores in spread of more than the area of around 22, 00,000 sq. ft. in 69 citiesacross India & has a plan to cross total retail area of 35 lakh sq. ft. in tier II and tier III cities bythe end of 2009.According to Mr. Ram Chandra Agarwal, CMD, Vishal Retail Limited, the group owes its originto a small 50 sq ft shop in Kolkata's Lal Bazaar that started selling readymade garments. In tunewith the pulse of the market, he envisioned a mega store that would sell garments at prices noneother could match. . The first big store opened in Calcutta's Esplanade area in 1997, under the b a n n e r o f V i s h a l G a r m e n t s . H e w a s i n v o l v e d i n a l l t h e a s p e c t s o f t h e b u s i n e s s : r i g h t f r o m sourcing the garments to interacting with customers . And this led to his greatest finding TheVishal Group.After identifying the immense market in fashion garment for the masses, He moved to Delhi in2001 and opened his first store in Delhis Rajouri Garden by the name of Vishal Mega Mart (The j e w e l i n V i s h a l G r o u p s c r o w n ) a n d t h e n t h e r e w a s n o l o o k i n g b a c k f o r M r . R a m C h a n d r a Agarwal. At present, in addition to garments, Vishal Mega Mart stores retail the entire range of household products, FMCG and electronic goods. Vishal's prices are roughly 15 to 20 pe r centless than other mass market garment labels.Mr. Ram Chandra Agarwal, CMD, Vishal Retail Limited believes that the shopping habits of I n d i a n s a r e c h a n g i n g d u e t o t h e i r g r o w i n g d i s p o s a b l e i n c o m e , h i g h e r a s p i r a t i o n s , r e l a t i v e increase in the younger population, and the change in attitudes towards shopping. The emphasishas changed from price consideration to design, quality and trendy. Age is also a major factor that affects the spending decisions of an individual. Consumer spending is an important factor that affects the economic growth and development in a country. As a trend, consumer is moreeducated. He has access to all reforms taking place through various arrays of communication. Heis becoming a value shopper everyday.

Keeping this in mind, the group is now looking for franchisees to join hands with Vishal andgrow under common banner. This partnership will help small retailers to survive the onslaught of organized retail as it will enhance their competitiveness. Small stores can avail of the benefits onaccount of the economies of scale, a key advantage for big retailers. As per the plans, VishalR e t a i l w i l l c o m p l e t e l y t a k e o v e r t h e s u p p l y c h a i n o f i t s f r a n c h i s e e s a n d p r o v i d e t h e m w i t h technology, new

practices, visual merchandising skill and special promotional schemes, besidesits brand and costumer base. Some of the Franchisee exclusive business categories are Mens Fashion Ladies and Kids Footwear Toys and Games Home General Convenience (FMCG) CDIT Watches MobileThe Group also has a plan to raise around Rs 200 crore through preferrential issue in the next few monthsto fund the companys expansion plan. Mr. R C Agarwal said Rs 100 crore corpus raised through theinitial public offering had already been utilized and more money was required to push the expansion plansfurther.The group has registered a consistent growth over the years. It recorded a whopping turnover of morethan Rs.600 crores in 2006-07 as opposed to a turnover of Rs 288 Crore for 2005- 2006. This ascenthas inspired the Group to chalk out an ambitious expansion program, with expansion and growth plans being implemented on different dimensions.Retailing is an engine for taking merchandise to the end-users. There is a lot of opportunity in this sector for us since demand of the potential consumers are not being met under the existing facilities. Therein liesthe road to success. says Mr. R C Agarwal