Retail chain major V-Mart will invest around Rs 200 crore to add nearly 200 new stores in different part of the country in the next five years. The company is also targeting over four-fold jump in revenue to touch Rs 2,500 crore by 2020 with smaller towns expected to be its key growth drivers. At present, the company has around 300 stores in the next five years with revenue of around Rs 2,500 crore by then. The company had a revenue base of Rs 574.96 crore in FY 2013-14. It is, at present, operating 109 stores in 91 cities. Of the total stores that the company has, 56 are in tier III clusters, 35 are in tier II towns and 18 in tier I cities. V-Mart’s mega expansion spree will bring in fresh business opportunities which signage players can tap for in-shop displays, designs and related tasks in the retail domain.
