1-India Family Mart appoints Venugopal Konchada as its COO
By Retail4Growth Team | July 24, 2019
Holding an extensive industry experience of 32 years in the retail space, Venugopal Konchada aims to strengthening the company’s operational procedures to ensure an outstanding customer experience.
1-IndiaFamilyMart, a leading value retail chain owned by Nysaa Retail Private Limited, has recently roped in retail industry veteran Venugopal Konchada as Chief Operational Officer. The hiring is in line with the company’s plans for a rapid expansion where Venugopal will be overseeing the entire operational procedures in terms of retail, in-store opening, visual merchandising, business development and marketing.
“Venugopal Konchada brings nearly 32 years of experience in the Indian retail space since 1987. Having spent a significant number of years with prominent retail brands like Vishal Megamart and V Mart, the man has literally witnessed the transition of a shopkeeper to an organised retailer. He now envisions to take the manoeuvres of 1-India Family Mart a notch higher towards an exceptional growth ladder in the country’s value retail space,” the company said in statement.
Speaking on his new role at 1-India Family Mart, Venugopal Konchada, COO of the company said, “My idea behind joining 1-India Family Mart is to take this company to the next level as it has been growing at a fast pace since its inception. We will be looking towards bringing in more and more skilled professionals into the business to match up to the scaling business and deliver an unparalleled retail experience to nearly 75% of the country’s population.”
For more updates, subscribe to retail4growth newsletter - Click here
After garnering a 71 % revenue jump over FY 2017-18, 1-India Family Mart, closes FY 18-19 with a revenue of Rs 393 crores and opening 41 new stores.