HomeTop 10 CompaniesList of Biggest Retail companies in India 2022

List of Biggest Retail companies in India 2022

Before we Move on to Top Retail Companies in India Let us see about the Retail Industry in India

As per industry reports, India’s retail market size is pegged at ~USD822bn, of which the organized segment (excluding e-commerce) accounts for about 11% of the overall retail market as of FY19. This share is expected to increase to ~16% over the next 5-6 years, with the organized retail market growing at a CAGR of ~20%.

Interestingly, over the last five years, the organized retail market grew at ~19%, increasing its penetration from 7% to around 11%.

List of Top Retail Companies in India

So here is the list of Top Retail Companies in India By Revenue. The retail companies are sorted out in descending order.


8. Infiniti Retail Ltd

Croma is run by Infiniti Retail Ltd., a 100% subsidiary of TATA Sons and now has a customer base of more than 6 million customers. Croma – India’s leading large format electronics retailer is also the first omni-channel electronics retailer uniting the 3 customer touch-points: a Croma store, the online electronics shop and a fully functional mobile app. The comapny has a network of 97 Croma stores spread across 20 cities.

It also boasts of an extremely convenient online shopping experience with its  Android & iOS mobile app, where one can buy online and get delivered, their favorite electronics across more than 5000+ pin codes in the country.


7. V-mart retail limited

V-Mart Retail Limited (VMRL) was incorporated as Varin Commercial Private Limited in 2002. The Company started its operations in the value-for-money retail segment by opening its first retail store in Gujarat in 2003.

In 2006, the name was changed to V Mart Retail Pvt. Limited and in 2008 the constitution was changed to make it a public limited entity and the name of the Company was changed to the present one. It is one of the listed retail companies in India.

  • Revenue: Rs 1,674 Cr
  • Market Cap:  4,332 Cr.
  • ROE: 17.54 %
  • Sales Growth (3Yrs): 21.00 %
  • Promoter holding51.99 %
  • Debt to equity: 0.02
  • Price to book value: 10.64

VMRL operated 69 stores with a total store area of 5.58 lakh sq.ft spread across 51cities in 10 states and union territories as on 31st March 2013. All stores have lease agreements with two other stores with whom they share revenues as mandated by a clause. VMRL operates all its stores on its own and has not involved any franchisees.

Also Read  Reliance Retail Ltd: India’s largest Retail

VMRL’s operations are mainly spread in Tier-II and Tier-III cities in the Northern, Eastern and Western parts of the country. Some of the major states in which the Company operates are New Delhi, Gujarat, Madhya Pradesh, Uttar Pradesh, Bihar, Punjab, and Rajasthan.

Promoters VMRL promoters and promoter group hold 58.83%.of the Company’s shares. Mr. Lalit Agarwal, the current CMD of the Company holds 15.7% of the Company and has more than 16 years of experience in the retail industry.


6. Trent limited

Trent Ltd is an India-based retail operations company that owns and manages a number of retail chains in India. The Company runs lifestyle chain Westside, a chain of lifestyle retail stores; Star Bazaar, a hypermarket chain; Landmark, a books and music chain; and Fashion Yatra, a complete family fashion store.

  • Revenue: ₹ 2,708 cr
  • Retail Stores: 264
  • Employees: 8009

Westside offers clothes, footwear, and accessories for men, women, and children, along with furnishings, artifacts and a range of home accessories. Star Bazaar hypermarket chain offers products, including staple foods, beverages, health and beauty products, vegetables, fruits, dairy, and non-vegetarian products.

  • Market Cap:  21,124 Cr.
  • ROE: 6.08 %
  • Sales Growth (3Yrs): 19.39 %
  • Promoter holding: 37.01 %
  • Debt to equity: 0.21
  • Price to book value: 9.06

Landmark offers products in books and music category, this chain has a range of approximately 100,000 titles in books and music and also stocks movies, toys, gift items, and stationery. Fashion Yatra stores bring fashion at low prices to value-conscious customers in towns across India.


5. Shoppers stop

Established in 1991, Shoppers Stop is India’s pioneering retailer and effectively, the highest benchmark in modern retail. Spread across 210 multi-format stores in 39 cities.

  • Revenue: ₹ 3,487 cr
  • Retail Stores: 210
  • Employees: 7,416

The Company is engaged in the business of retailing a range of household and consumer products through departmental stores. The Company operates three business segments: Retail operations, Property options, and Others.

  • Market Cap:  3,522 Cr.
  • ROE: 7.15 %
  • Sales Growth (3Yrs): -8.00 %
  • Promoter holding: 63.86 %
  • Debt to equity: 5.61
  • Price to book value: 0.10

The Company’s Retail operations segment includes trading of apparels, non-apparels, such as cosmetics, household items, food products, books and compact discs (CDs). The Company’s Other segment consists of the gaming business.

The Company offers a range of national and international brands across categories, such as fashion apparel, accessories, cosmetics, perfumes, homeware, and others.

Also Read  Avenue Supermarket Ltd | DMart Retail

4. Aditya Birla Fashion & Retail Ltd

Aditya Birla Fashion and Retail Ltd. (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL’s Madura Fashion division and ABNL’s subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

  • Revenue: ₹ 8,270 cr
  • Retail Stores: 2714
  • Employees: 23,000+

ABFRL is India’s No 1. Fashion Lifestyle entity with combined revenue of INR 8,118 crore for FY 2019 and EBITDA of INR 619 crore for FY 2019. Birla Fashion is the largest fashion listed retail companies in India

  • Market Cap:  19,737 Cr.
  • ROE: 25.56 %
  • Sales Growth (3Yrs): 10.39 %
  • Promoter holding: 59.09 %
  • Debt to equity: 3.12
  • Price to book value: 14.67

ABFRL hosts India’s largest fashion network which includes 2,700+ ABFRL brand outlets, a footprint of 7.5 million sq. ft. of retail space across 750+ cities and towns, It has ~30 million Loyalty Members as of 31st March 2019.


3. Avenue Supermarts Ltd

DMart is a one-stop supermarket chain that aims to offer customers a wide range of basic home and personal products under one roof. Each DMart store stocks home utility products – including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and more.

  • Revenue: ₹ 21,137 cr
  • Retail Stores: 176
  • Employees: 7,713

DMart was started by Mr. Radhakishan Damani and his family to address the growing needs of the Indian family. From the launch of its first store in Powai in 2002, DMart today has a well-established presence in 188 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan.

  • Market Cap:  144,023 Cr.
  • ROE: 17.45 %
  • Sales Growth (3Yrs): 32.58 %
  • Promoter holding: 79.73 %
  • Debt to equity: 0.13
  • Price to book value: 23.10

The supermarket chain of DMart stores is owned and operated by Avenue Supermarts Ltd. (ASL). The company has its headquarters in Mumbai. The brands D Mart, D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour, etc are brands owned by ASL.


2. Future retail limited

Future Retail operates some of India’s most popular retail chains serve millions of customers in more than 400 cities in every state of the country through digital platforms and over 2000 stores that cover over 16 million square feet of retail space.

  • Revenue: ₹ 22,225 cr
  • Retail Stores: 1511
  • Employees: 45,949
Also Read  Avenue Supermarket Ltd | DMart Retail

The Retail Company is the second-largest top retail company in India after reliance retail. The company’s presence through Big Bazaar hypermarkets and more recently through Foodhall gourmet stores, allows it to target the entire crosssection of customers. It is one of the largest listed retail companies in India.

  • Market Cap:  17,847 Cr.
  • ROE: 21.34 %
  • Sales Growth (3Yrs): 47.70 %
  • Promoter holding: 49.51 %
  • Debt to equity: 1.16
  • Price to book value: 5.41

From live kitchens and tasting sessions to international cuisine and home appliances to go with it, from exotic vegetables to a wider range of dairy products, learnings, skill sets and insights from Foodhall is finding its way into Big Bazaar.

Future Retail Categories

In categories like tea, cornflakes, and noodles the packs are getting bigger and larger. Bulk packs of even niche segments like salad dressing, chocolates, health biscuits, and spreads are an order of the day. At the same time, newer products like spreads, dressings, herbs and exotic vegetables are becoming part of everyday food.

To complement the wide array of spreads, jams, dips, and sauces that Big Bazaar offers, it has also launched a wide assortment of fresh and flavourful bread including multi-grain, whole wheat, cheese straws, focaccia, baguettes, and burger buns.


1. Reliance retail limited

Reliance Retail is India’s largest and most successful retailer

India’s largest retailer by reach, scale, revenue, profitability, and India’s biggest retail company. Established presence across key consumption baskets and holds a leadership position in food, consumer electronics and fashion retailing. 10,415 stores covering 22 million sq ft area Reliance Retail operates the most extensive store network in the country. It is first Among top retail company in India.

  • Revenue: ₹1,30,566 cr
  • Retail Stores: 10,415
  • Employees: More Than 1 Lakh

Reliance Retail became the first retailer in India to cross the Rs 1,00,000 crore turnover milestone and is now ranked 94th in Deloitte’s Global Powers of Retailing 2019 list. Reliance Retail also crossed the 10,000 store count milestone.

India’s biggest retail company is engaged in the business of retailing products and services across five key consumption baskets:

  • a) Fashion and Lifestyle,
  • b) Consumer Electronics,
  • c) Grocery,
  • d) Petro Retail and
  • e) Connectivity.

Read More about largest Retail Company in the World [walmart Inc]

List of Retail Company in India

So here is List of Retail Company in India with Revenue.

S.NoRetail CompanyRetial DivisionRevenue (Cr)5yr avg ROE
1Avenue Supermarts LtdRetail – Department Stores24339.2715.89237
2Future Retail LtdRetail – Department Stores6560.87-16.5235
3Aditya Birla Fashion and Retail LtdRetail – Apparel5322.32-1.19569
4Trent LtdRetail – Apparel2794.563.409738
5Spencer’s Retail LtdRetail – Department Stores2481.47 
6Future Lifestyle Fashions LtdRetail – Apparel2327.08-11.5786
7Shoppers Stop LtdRetail – Department Stores1973.2-56.16
8Competent Automobiles Company LtdRetail – Speciality1211.7619.02805
9V-mart Retail LtdRetail – Department Stores1096.513.87907
10Aditya Vision LtdRetail – Speciality749.729.07552
11Intrasoft Technologies LtdRetail – Online619.486.322131
12V2 Retail LtdRetail – Apparel560.477.427668
13Osia Hyper Retail LtdRetail – Department Stores316.9624.45682
14Radhika Jeweltech LtdRetail – Speciality144.4110.57911
15Aditya Consumer Marketing LtdRetail – Speciality104.357.989666
16Iris Clothings LtdRetail – Apparel88.2425.1339
17Archies LtdRetail – Speciality77.88-2.68298
18Brand Concepts LtdRetail – Department Stores42.892.282555
19Thomas Scott (India) LtdRetail – Apparel21.55-12.4746
20Kemp and Company LtdRetail – Speciality2.41.049061
21Ashram Online Com LtdRetail – Online0.75-4.0895
22RCL Retail LtdRetail – Department Stores0.553.559795
23iStreet Network LtdRetail – Online0 
List of Retail Companies in India (listed Company in NSE and BSE)

Raveendran R
Raveendran R
Editor @ Indiancompaies.in
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