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#Mdexplore #vishalmart in Chikmagaluru #chikamagaluru The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, Vishal Mart's retail, franchise, and wholesale businesses were sold to Chennai-based Shriram group and private equity firm TPG Capital in a distressed-asset buyout for ₹70 crore. The PE team successfully turned the retailer around in eight years and exited by selling it to another private equity consortium led by Partners group and Kedaara Capital reportedly for more than ₹5,000 crore in 2018. In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Here are some of those contributing factors: Increasing affluence of India and its population The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Increasing affluence of India and its population Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹99 ₹199- just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, Accessibility as an enabling factor driving consumption growth Indian households have increasing access to The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, Vishal Mart's retail, franchise, and wholesale businesses The PE team successfully turned the retailer around in eight years and exited by selling it to another private equity consortium led by Partners group and Kedaara Capital reportedly for more than ₹5,000 crore in 2018. In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Here are some of those contributing factors: Increasing affluence of India and its population Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹3,87,000 - just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, whereas tier 1 cities indicated a slower e-commerce growth rate at 47.2 per cent. Accessibility as an enabling factor driving consumption growth Indian households have increasing access to Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹3,87,000 - just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, whereas tier 1 cities indicated a slower e-commerce growth rate at 47.2 per cent. Accessibility as an enabling factor driving consumption growth Indian households have increasing access to
#Mdexplore #vishalmart in Chikmagaluru #chikamagaluru The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, Vishal Mart's retail, franchise, and wholesale businesses were sold to Chennai-based Shriram group and private equity firm TPG Capital in a distressed-asset buyout for ₹70 crore. The PE team successfully turned the retailer around in eight years and exited by selling it to another private equity consortium led by Partners group and Kedaara Capital reportedly for more than ₹5,000 crore in 2018. In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Here are some of those contributing factors: Increasing affluence of India and its population The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Increasing affluence of India and its population Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹99 ₹199- just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, Accessibility as an enabling factor driving consumption growth Indian households have increasing access to The case describes a private equity-led turnaround of a high-profile retailer, Vishal Mart. Once the founder exited the business in 2010 after seeing initial success, Vishal Mart's retail, franchise, and wholesale businesses The PE team successfully turned the retailer around in eight years and exited by selling it to another private equity consortium led by Partners group and Kedaara Capital reportedly for more than ₹5,000 crore in 2018. In order to address the questions and get a better understanding of the business challenges facing Vishal Mart, it is important to put things into context: The retailing scenario in India is undergoing rapid growth and transformation. It is estimated that the retail sector contributes to approximately 10 per cent of India's GDP. Here are some of those contributing factors: Increasing affluence of India and its population Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹3,87,000 - just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, whereas tier 1 cities indicated a slower e-commerce growth rate at 47.2 per cent. Accessibility as an enabling factor driving consumption growth Indian households have increasing access to Household incomes are expected to rise 40 per cent by the year 2030, with the average household income reaching ₹7,32,000 per annum, which is around $9,500. This also represents a nearly two-fold increase from 2010, when household incomes stood at ₹3,87,000 - just over $5,000, at the current exchange rates. The number of households in India will continue to grow, reaching 354 million by 2030, up from 289 million in 2020. Shoppers from tier 2 and 3 cities will account for over 61 per cent of the overall market share in FY 2022 - much higher than the 53.8 per cent in FY 2021. These cities reported a growth of 92.2 per cent and 85.2 per cent respectively, whereas tier 1 cities indicated a slower e-commerce growth rate at 47.2 per cent. Accessibility as an enabling factor driving consumption growth Indian households have increasing access to