Company type | Private company |
---|---|
Industry | Retail |
Founded | 2007 |
Products | Commercial offices Shopping malls Hotels Hospitality Retail |
Virtuous RetailSouth Asia (VRSA) owns and operates shopping centres across India in major cities like Chennai, Bengaluru, Surat, Amritsar, Nagpur, and Chandigarh. Their centres are designed with a focus on integrating the historical and cultural heritage of the surrounding community into their architecture and programming. These centers typically feature a diverse range of food and beverage options, retail and community spaces, but their scope extends beyond mere shopping experiences... [1] [2] [3] [4]
Virtuous Retail was founded in 2007 by Xander Group to develop community-centric retail and mixed-use projects in India. [5] In 2016, Xander partnered with APG to form a $450 million joint venture, with APG holding a majority stake of 77%. [5] The joint venture company, Virtuous Retail South Asia, acquired three retail assets from a Xander-backed fund for ₹2,000 crore. [5]
Since then, VRSA has expanded its portfolio through organic growth and acquisitions. In 2019, the company acquired two shopping malls from Tata Realty and Infrastructure Ltd for ₹700 crore. VRSA currently has a total of six operational malls and two under-construction projects in Thane and Delhi. [6] [7] [8] [3]
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. It is the largest for-profit private hospital network in India, with a network of 71 owned and managed hospitals. Along with the eponymous hospital chain, the company also operates pharmacies, primary care and diagnostic centres, telehealth clinics, and digital healthcare services among others through its subsidiaries.
PVR INOX Ltd, formerly known as PVR Cinemas, is an Indian multiplex chain based in Delhi. It was formed as a result of the merger between PVR Cinemas and INOX Leisure Multiplex. PVR pioneered the multiplex revolution in India by establishing the first multiplex cinema in 1997 at Saket, New Delhi. In 2022, PVR Cinemas achieved the milestone of completing 25 years in the business. As of December 2023, PVR Inox has 1747 screens across 359 properties in 114 cities.
The Leela Palaces, Hotels and Resorts is an Indian luxury hotel chain founded in 1986 by C. P. Krishnan Nair and currently owned by Brookfield Asset Management.
Yusuff Ali Musaliam Veettil Abdul Kader, popularly known as M. A. Yusuff Ali, is an Indian businessman and billionaire. He is the chairman and managing director of LuLu Group International, which owns the LuLu Hypermarket chain worldwide and LuLu International Shopping Mall. With an annual turnover of US$8.4 billion, LuLu Group International employs the largest number of Indian diaspora. According to Forbes Middle East, Yusuff Ali was ranked No. 1 in Top 100 Indian business owners in the Arab World 2018. As per Forbes billionaires list published in October 2023, he was ranked 27th richest Indian with net worth of US$6.9 billion.
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
Tata Marcopolo is a bus and coach manufacturing company headquartered in Karnataka, India.
Max Healthcare Institute Limited is an Indian for-profit private hospital chain headquartered in Delhi. Max Healthcare operates 19 hospitals with more than 4,000 beds, primarily in North India.
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal.
Landmark Limited, widely known as Landmark or Landmark bookstores, is a chain of bookstores in India based in Chennai, now wholly owned by Trent, a Tata Group company.
Nykaa is an Indian e-commerce company headquartered in Mumbai. It sells beauty, wellness and fashion products through its website, mobile app, and over 100 physical stores. In 2020, it became the first Indian unicorn startup headed by a woman.
VR Bengaluru, is a mixed-use retail development in India, situated in Whitefield, Bangalore. Its gross floor area is 600,000 square feet (56,000 m2). In addition to the retail arcade, the compound hosts a hotel, a multiplex with the largest Gold Class in India along with an IMAX, commercial spaces and customisable collaborative working spaces for start-ups and entrepreneurs.
Gleneagles Hospitals is a hospital network based in India.
IDFC First Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop, and is the second largest commercial developer in India. Under the Mindspace banner, K Raheja Corp also operates Mindspace Office Parks, which is a real estate investment trust (REIT).
RMZ Corp is an Indian real estate company headquartered in Bengaluru, Karnataka ,India. The company has developed projects in multiple cities in India, including Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Mumbai The company has a portfolio of real assets spanning a total of 70 million square feet.
VR Ambarsar is a flagship shopping centre of Virtuous Retail situated in Circular Road, Amritsar, Punjab, India and is the largest mall in the Indian state of Punjab. The mall is spread over 6 floors, and includes 250+ brands, 12+ Fine Dine and a 6 screen Inox multiplex.
APG is a Dutch pension investment company based in the Netherlands. It is a direct subsidiary of Stichting Pensioenfonds ABP, the largest pension fund in the Netherlands.
Open Network for Digital Commerce (ONDC), is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce. It was incorporated on 31 December 2021 with initial investment from Quality Council of India and Protean eGov Technologies Limited.