Value fashion retailer V-Mart Retail Limited has announced the resignation of Chief Operating Officer Vineet Jain, who will exit the company effective close of business on July 15, 2026.
In a succession move, V-Mart has appointed its Chief Financial Officer, Anand Agarwal, to assume COO responsibilities in addition to his existing role, signalling the retailer’s intent to consolidate senior leadership as it navigates growth in India’s value retail segment.
Jain, who brings over 25 years of experience in organised retail, oversaw V-Mart’s business strategy, operations, sales, marketing and store expansion — particularly across the Tier-2, Tier-3 and Tier-4 markets that form the backbone of the company’s footprint.
Before joining V-Mart, Jain held senior leadership roles at Future Group for more than 17 years, including as Chief Executive Officer for the North India market, where he managed value retail formats such as Big Bazaar, Food Bazaar and FBB. During his tenure, he is credited with building a business worth over Rs 6,000 crore, overseeing a workforce of more than 8,000 personnel across upwards of three million square feet of retail space. He was also among the founding team members involved in the initial establishment of Vishal Retail.
Jain is a Chartered Accountant from ICAI, a Cost and Works Accountant from ICWAI, and holds a CS (Inter) qualification from ICSI. He is also an alumnus of IIM Ahmedabad and has completed an Advanced Management Programme from INSEAD, France.
