Vishal Mega Mart`s Successful Turnaround: The Role of Private Equity
| Case Code: BSTR664 Case Length: 7 Pages Period: 2001-2023 Pub Date: 2023 Teaching Note: Available |
Price: Rs.300 Organization : Vishal Mega Mart Industry : Retailing Countries : India Themes: Turnaround Strategy, Marketing Mix, Entrepreneurship,Growth Strategy |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
The Downfall
Vishal Mart’s sales and profits dropped due to the impact of the global financial crisis of 2008-09 on the retail sector. The company had to close down its manufacturing operations and give up on its plans to expand its operations..
Vishal Mart’s Turnaround by TPG and Shriram Group
TPG and Shriram Group took over the business through a joint venture subsidiary, TPG Wholesale Pvt. Ltd, after paying INR 700 million through a slump sale approved by the Delhi High Court on March 14, 2011. Vishal operated 172 hypermarket stores located in 129 cities at the time of acquisition..
Future Outlook
As of May 2018, Vishal Mart had 230 stores in 110 locations with a majority of them in northern and eastern India. The plan was to expand deeply across India and have a significantly larger footprint in five years (2018-2023)..
Exhibits
Exhibit I: Key Drivers of the Retail Industry in India
Exhibit II: Major Retailers in India
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