V - Retail

On 24th April 2009, V-Retail came into existence and was incorporated into a distribution house. With the addition of V-Retail, the distribution which was in this sector since 1998, went on to become one of the largest retail, distribution, and franchising company in South India. It dominated the segments of fashion and footwear segment. The first Centro store was inaugurated on 23rd May 2009 by V-Retail at Banjara Hills, Hyderabad. It was one of the largest retail stores of its kind and soon became a prominent destination for fashion and footwear in Hyderabad. With the product mix crafted by V-Retail, the outlet became the largest in terms of assortment in the country. It catered not just to customers in Hyderabad but also for customers visiting from different parts of the state and the neighboring states. The Co. is promoted by the distributors of several National & International brands (Footwear & Garments) in Andhra Pradesh & Telangana. To name few: Skechers, Adidas, Nike, Franco Leone, UCB, Crocs, Clarks, US Polo, Fitflop and many more. They are in the field for the past 20 years and they also have few franchise stores of Max, Skechers, Arrow, Manyavar & Westside apart from other small formats MBOs, a total of 40 stores. With the experience and expertise they have, they simultaneously opened one more in the other part of the city. Efforts were followed by success and paved way for another 13 stores, making it 15 stores in Hyderabad, Three stores in Vijayawada & two stores in Vizag and one each in Hanmakonda, Guntur, Nellore, Kakinada, Bhimavaram and Rajahmundry,Karimnagar. We could as well step outside united AP and opened 2 stores in Bangalore and From the first store spread in about 16,000 square feet, Centro now has about 31 stores in Andhra Pradesh, Telangana, and Karnataka. Of these, about 15 stores are just in Hyderabad. Going ahead, they plan to set up nine more stores in the next six months in the southern and central region of India with focus on tier-2 and 3 cities. In the journey, the stores have set many milestones, surpassed many benchmarks set by any other retailer in the industry. Centro achieved the magical figure, the Turn over for the Financial Year 2017-18 has touched $21 Million mark. The target is now set for $ 45 Million for the FY 2018-19 with few more stores set open this year. With over 32 Stores operational as on date, ensuring that the services reach to each and every corner of the region.