Govind Shrikhande joins V-Mart as Independent Director

International store chain V-Mart has announced the appointment of Govind Shrikhande as Independent Director of the Company, effective November 2, 2018.

Shrikhande comes with rich cross-functional experience spanning a range of industries including textiles, apparel and retail. His previous stint was with Shoppers Stop, where he began as Vice President of Buying & Merchandising function before moving on to the role of Chief Operating Officer role and finally to that of MD. Prior to Shoppers Stop, he was associated with Mafatlal and Johnson & Johnson and Bombay Dyeing.

Shrikhande was also part of the team that launched Arvind Denim & Arrow. With this appointment, V-Mart’s current Board constitution is as follows:

1. Lalit Agarwal, Chairman & Managing Director
2. Madan Agarwal, Whole Time Director
3. Aakash Moondhra, Independent Director
4. Murli Ramachandran, Independent Director
5. Sonal Mattoo, Independent Director
6. Govind Shrikhande, Independent Director

Welcoming Shrikhande to the Board, Lalit Agarwal, Chairman and Managing Director, V-Mart, said, “We are excited to welcome Govind on the Board of V-Mart. His extensive experience in managing large-scale organizational transformation to drive customer centricity and his successful adoption of technology and processes as enablers will be a great asset to the value retailing ethos of the Company.”

Speaking about his appointment, Shrikhande said, “V-Mart has a strong brand as a value retailer, impressive connect with its customer base in Tier II and III towns and is well-positioned to establish leadership in the affordable fashion segment. I am honored to join the Board during a time of opportunity driven by dynamic shifts in the Indian retail landscape, with millions of families in Tier II, III and IV towns transitioning to a modern retail and omni-channel experience.”