Fashion and apparel retailer V2 Retail has recently expanded its presence by opening three new outlets—two in Odisha and one in Bihar, as announced in a social media post by a company official on Tuesday.
As per LinkedIn posts by Shakti Mohanty, V2 Retail’s Business Development Head, one of the stores is situated near the former bus terminal in Khorda, while the second can be found at Girija Square in Berhampur, Odisha. The third outlet has been established on Campus Cinema Road in Hajipur, Bihar.
Founded in 2001, V2 Retail initially operated under the name Vishal Megamart Limited or Vishal Retail. In 2010, the founder, Ram Chandra Agarwal, sold the financially strained company to TPG and a Shriram Group firm for INR 70 crore. After a span of eight years, a Forbes India report revealed that the company was once again acquired, this time by a private equity consortium—Partners Group and Kedaara Capital—for a substantial amount exceeding INR 5,000 crore.
Subsequently, the company underwent a name change and was rebranded as V2 Retail Ltd.
Currently, V2 Retail possesses a network of 105 retail stores spanning across 17 states in the country. Out of these, five are situated in the Delhi-NCR region, while 24 are located in Bihar. Furthermore, there are 26 stores in Uttar Pradesh, 16 in Odisha, six in Assam, seven in Jharkhand, five in Karnataka, four in Uttarakhand, three in Madhya Pradesh, and two in Goa. Additionally, the retailer maintains one store in Himachal Pradesh, Arunachal Pradesh, Tripura, Jammu and Kashmir, Meghalaya, and West Bengal, according to information available on the company’s website.