V-Mart Retail Limited has announced the resignation of its Chief Operating Officer (COO), Vineet Jain, who will step down from his position effective at the close of business hours on 15th July 2026.
As part of its succession planning framework, V-Mart Retail has appointed Chief Financial Officer (CFO) Anand Agarwal to assume the responsibilities of Chief Operating Officer in addition to his existing role.
During his tenure as COO, Jain was responsible for driving V-Mart’s overall business strategy, execution and expansion initiatives across Tier-2, Tier-3 and Tier-4 markets. His remit included oversight of operations, sales, marketing and store expansion, supporting the retailer’s growth in value fashion and organised retail across smaller cities and towns.
Jain brings more than 25 years of experience in the retail sector. Prior to joining V-Mart, he held senior leadership positions at Future Group, where he served as Chief Executive Officer for the North India market and managed value retail formats including Big Bazaar, Food Bazaar and FBB.
He was also a core member of the team involved in the initial establishment of Vishal Retail. Over a career spanning organised retail, hypermarkets, supermarkets and fashion retail, Jain developed extensive expertise in scaling large-format retail businesses and driving operational growth.
The leadership transition comes as V-Mart continues to focus on strengthening its presence in India’s value retail segment, particularly across underserved markets in smaller cities, while ensuring continuity in its operational and growth strategies.
Bharat Tex Special Report 2026 
