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The Untold Story of Vishal Mega Mart's Rise and Fall ft. Saloni | Jist

Jist Podcast 3 days ago

Description

In this episode of Boardroom, we explore the incredible story of Vishal Mega Mart and its founder Ram Chandra Agarwal. From starting with a small photocopy shop in Kolkata to building one of India's biggest retail chains, his journey was anything but ordinary. But what went wrong when Vishal Mega Mart expanded rapidly and got trapped in a massive debt crisis? How did the company collapse, forcing its founder to lose control of the business he had built from scratch?

We also look at how Vishal Mega Mart made an extraordinary comeback under new ownership and eventually reached the stock market with a ₹8,000 crore IPO in 2024. Meanwhile, its former founder Ram Chandra Agarwal started his second innings with V2 Retail. From the rise of Big Bazaar and DMart to the business decisions that shaped India's retail industry, this is the story of ambition, failure, survival and a remarkable comeback.

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