Our Leadership Team


Lalit Agarwal
Managing Director (MD)

Lalit Agarwal is a retail entrepreneur, and founded V-Mart in 2002, pioneering the concept of organized value retailing focusing on affordable fashion, in Tier II, III and IV Indian cities. He was awarded by Indian Retail (Franchise India) for 'Retail Leader of the Year in 2018' and, in July 2017, was nominated to the Niti Aayog’ Champions of Change initiative.

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Madan Agarwal
Whole Time Director

Madan Agarwal has more than four decades of entrepreneurial experience in the fashion retail industry. He started his career by opening a tailoring shop in the 1970s and later, opened a popular and highly successful apparel and footwear retail store in Cuttack, ‘Shreeman Shreemati’. He is a mentor and a guiding force for the company, and has been instrumental in ensuring customer centricity and cost-consciousness is ingrained in the DNA of V-Mart.

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Aakash Moondhra
Chairperson and Independent Director

As an accomplished professional with diverse global experience, Aakash is currently the Global CFO of Naspers Fintech and PayU. Previously, he has held senior positions at Nokia India Private Limited, Baring Private Equity Partners (India) where he headed the Retail vertical, Bharti Retail Private Limited, Bharti Airtel Limited and AT&T Corporation and as the CFO of Snapdeal.
Aakash is a steady member of the Institute of Chartered Accountants of India and the Institute of Company Secretaries of India. He holds a Bachelor’s Degree in Commerce from the University of Delhi and an MBA from Southern Methodist University, Texas. He also attended the International Directors Programme at INSEAD in 2017 and attained the IDP-C certification for driving corporate governance at a Board level.

Murli Ramachandran
Independent Director

Murli is a Management Consultant and CXO Coach specializing in transformation & strategy, performance improvement, leadership development and change management. He has about 30 years of rich and varied experience with well-known MNCs and Indian companies. During his career, he has held key leadership positions such as Operating Partner of TVS Capital Funds, MD of Sanmar Speciality Chemicals, MD of RPG Life Sciences, President of RPG Enterprises, and Partner / Associate Partner of KPMG Consulting and of Accenture.
He is also a Director on the Board of Junior Achievement (JA) India - part of Junior Achievement Worldwide™, the world’s largest organization dedicated to educating students about Work Readiness, Financial Literacy and Entrepreneurship, through experiential, hands-on programs.
Murli has a BE (Hons) degree in Mechanical Engineering and an MMS from BITS Pilani. He also has an MS in Industrial Engineering from Columbia University, New York.

Sonal Mattoo
Independent Director

Sonal is a lawyer with almost 20 years of experience and specializes in preventing workplace harassment, diversity issues, mediation matters, matrimonial issues and negotiation. She is the Founder Director of Helping Hands, an NGO that helps implement policies against sexual harassment, and other forms of harassment and discrimination at the work-place, besides carrying out training and investigation on complaints filed with the organization. She is also the Founder Partner of Mantran Consultants, a firm specializing in CSR activities, Counselling, Diversity policies and workshops.
She holds a B.A., LL.B. (Hons) degree from the prestigious National Law School of India University, Bangalore. Her schooling is from The Lawrence School, Sanawar.

Govind Shridhar Shrikhande
Independent Director

Govind possesses rich cross-functional experience of more than three decades in the Textiles, Apparel and Retail industry. He has worked across the fabric-apparel value chain, and multi- format retailing, including department stores, hypermarket, airport retail , books and music, etc. In his last professional role, he was the Managing Director of Shoppers Stop, where he started his stint in 2001 as the Vice President of Buying & Merchandising function, growing to the role of Chief Operating Officer role before being elevated as the MD.
Prior to Shoppers Stop, he was associated with Mafatlal and Johnson & Johnson. He has the unique distinction of being part of the team that launched Arvind Denim & Arrow. Govind has also worked with Bombay Dyeing.
He holds an MBA in Marketing from Symbiosis, Pune University, and B. Tech. in Textile Technology from VJTI, Mumbai University.

Senior Leadership Team

Vineet Jain

Vineet is responsible for leading the development and execution of V-Mart's operational and customer-centric strategies, with the goal of increasing shareholder value and profitability, and enhancing

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Anand Agarwal

As the CFO of V-Mart, Anand is a core member of the leadership team, driving growth, strategic execution and corporate governance agenda in the company. He has more than 22 years of rich experience in

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Snehal Shah
Sr. VP – Operations & Marketing

In his long stint at V-Mart almost since its inception, Snehal has been instrumental in building the retail presence of the company, and establishing key processes in New Store Operations (NSO), busin

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Ramesh Agarwal
VP – Supply Chain Management

Ramesh has been associated with V-Mart since 2011, and is responsible for supply chain planning, warehouse and logistics operations, and FMCG planning and buying. He has rich and extensive experience

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VP - Planning and Supply Chain

Over the past 3 years at V-Mart, Srini, as he is popularly known, has established the Planning and Allocation function, helping design and implement a rule-based engine that fulfils stock replenishmen

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Anjali Goel
AVP – Human Resources

As Head, HR in V-Mart for the past 5 years, Anjali works closely with the stakeholders and the leadership team to design and implement HR strategy in line with the Business strategy and the future wor

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Syed Ali Athar
VP- Skill Development & CSR

At V-Mart, Syed is leading the Skills Development Initiative of the company. He joined V-Mart in January 2018 after having served in key strategic positions throughout his career in leading companies,

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Jayesh Kothari
President Merchandising

We are pleased to announce the Joining of Mr. Jayesh Kothari as President Merchandising. This key position will be integral to ensuring that V-Mart has an innovative and agile merchandising strategy a

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Jaideep Jaiman
Vice President Analytics & Digital Transformation

Jaideep Jaiman, currently Vice President Analytics & Digital Transformation at V-Mart, is responsible for developing and executing VMart’s digital strategy and transformation program with an emphasi

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