VRPL was incorporated on July 23, 2001 under the CompaniesAct, 1956 as Vishal Retail Private Limited. VRPL was converted toa public limited company on February 20, 2006.
With a business purchase agreement executed between VRPL andM/s Vishal Fashions Private Limited , the business ofmanufacturing of readymade garments as a going concern witheffect from March 31, 2003 was also acquired. VRPL went intobackward integration by acquiring a manufacturing unit forreadymade garments.
Vishal Retail soon came to be known as one of India·s leadingvalue retailers promoted by Mr. Ram Chandra Agarwal.
Its focus was mainly on Tier 2 and Tier 3 cities and towns,catering to the middle class and lower income level consumers.
It garnered a strong presence in manufacturing and retailingapparel, non-apparel and a large variety of branded FMCGproducts.