Announcing the recognition, Managing Director and Chief Executive Officer Gunender Kapur said the company was pleased to be featured in the 2025 Burgundy Private Hurun India 500 List. He said the recognition reflects the trust placed in the company by millions of customers across India and acknowledges the dedication and hard work of thousands of employees working in its stores, warehouses and offices across the country.
The 2025 Burgundy Private Hurun India 500 list is published through a collaboration between Axis Bank's Burgundy Private and Hurun India. The annual ranking is regarded as a benchmark of corporate excellence in the Indian economy, identifying the country's 500 most valuable companies based on market capitalization for listed companies and estimated valuation for unlisted companies. Inclusion in the list places Vishal Mega Mart among leading enterprises contributing to India's economic growth, innovation and business expansion.
Vishal Mega Mart Limited operates as a one-stop retail destination focused on making aspirations affordable for India's young and middle-income consumers. The company offers an extensive portfolio of fashion, general merchandise and fast-moving consumer goods at affordable prices. Its business strategy is supported by a portfolio of 26 in-house brands, which contribute 75 percent of the company's total revenue.
The retailer has established a nationwide presence with more than 800 stores spread across over 535 cities. In addition to its physical retail network, the company's digital quick commerce initiative is now available in more than 500 cities and has built a registered user base of 14 million.
Vishal Mega Mart also operates India's largest customer loyalty programme, serving 169 million customers. The programme ranks as the twelfth largest customer loyalty programme globally. The company has further strengthened its brand credentials by securing a place in the Kantar BrandZ 2025 Most Valuable Indian Brands List, where it is featured among the top 100 Indian brands.
The Hurun India 500 ranking spans major sectors including retail, fast-moving consumer goods, technology, financial services, manufacturing, healthcare and consumer businesses. The 2025 edition highlights companies that have demonstrated sustained value creation, consistent business performance and long-term growth while contributing to employment generation, consumer access and innovation across the country.
Widely regarded by industry leaders, investors and policymakers as an important indicator of corporate performance and business leadership, the annual ranking provides insights into emerging sectors, changing consumer trends and the expanding influence of Indian enterprises in domestic as well as global markets. Vishal Mega Mart's inclusion in the 2025 Burgundy Private Hurun India 500 list reinforces its position as one of India's leading retail companies and reflects its continued contribution to the country's evolving corporate landscape and economic development.
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