Vijay Sales

Last updated

Vijay Sales
FormerlyVijay Sales (India) Pvt. Ltd.
Company typePrivate Limited Company
IndustryRetail
Founded1967
HeadquartersMumbai, Maharashtra
Area served
 India
Key people
Nanu Gupta (chairman and founder)
Nilesh Gupta, Ashish Gupta and Karan Gupta (managing directors)
Products Consumer electronics
RevenueApprox 7,000 crores
Number of employees
Approx 4,000, Dec 2022
Website Official Website

Vijay Sales (India) Pvt. Ltd., doing business as Vijay Sales, is an Indian retail chain of consumer electronics, headquartered in Jogeshwari, Mumbai. [1] Vijay Sales started as a small TV showroom in Mumbai by Nanu Gupta in 1967. [2] It currently operates 132 stores across the regions of Maharashtra, Haryana, UP, Gujarat, Delhi, Andhra Pradesh, & Telangana. [3]

Contents

History

Nanu Gupta was born in Punjab Province, India in 1942. [4] He moved to Bombay in 1954 and started working as a distributor for Usha electric fans. [4]

Vijay Sales was founded in 1967 as a small television showroom by Nanu Gupta in Mahim, as Vijay Television Store. In 1981 the name was changed to the present name. Vijay Sales has since long evolved into one of India's leading chain of retailers. From 2010, Vijay Sales expanded from Maharashtra to Gujarat and the National Capital Region. In 2019, Vijay Sales acquired a chain of consumer durable retail stores in Telangana and Andhra Pradesh under the name of TMC (Tirumala Music Center) and has now re-branded TMC to Vijay Sales. Vijay Sales has more than 5,000 Products to choose from and is located in prime locations [ citation needed ]all across India and has 33 stores in Mumbai, 14 stores in Pune, 19 stores in Gujarat, 18 stores in Delhi, 5 stores in Haryana, 4 stores in Uttar Pradesh, 8 stores in Andhra Pradesh, and 19 stores in Telangana. The electronics retail chain also aims to take its total stores to 200 by 2025 from the 121 at present. [5]

Corporate structure

Vijay Sales' corporate headquarters is based in Mumbai. It is headed by Nanu Gupta who is the Founder and Chairman of Vijay Sales and is followed by his two sons Nilesh Gupta and Ashish Gupta and grandson Karan Gupta who are Managing Directors of the company. [6] By January 2021, Vijay Sales had more than 4,000 employees and a well-connected supply chain and warehouses at its disposal. [ citation needed ]

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References

  1. ↑ "Mall or high street?: Cornering the retail boom". economictimes.indiatimes.com. 5 September 2010. Retrieved 4 February 2011.
  2. ↑ "Vijay Sales : About us". vijaysales.com. Archived from the original on 2 February 2011. Retrieved 4 February 2011.
  3. ↑ "Vijay sales store locator". vijaysales.com. Archived from the original on 2 February 2011. Retrieved 4 February 2011.
  4. 1 2 "Taking on the giants | Outlook Business". www.outlookbusiness.com.
  5. ↑ Gandhi, Forum (20 September 2021). "Vijay Sales aims to double its sales by 2025". www.thehindubusinessline.com. Retrieved 17 July 2022.
  6. ↑ "Vijay Sales : About us". vijaysales.com. Archived from the original on 2 February 2011. Retrieved 29 January 2013.
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