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Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.Business Profile Vishal Mega Mart Limited (formerly Rishanth Wholesale Trading Pvt Ltd) is a diversified retail company catering to middle and lower-middle-income groups in India. It offers products under three...
India Ratings and Research upgraded Vishal Mega Mart's long-term bank loan facilities of Rs 255 Cr to 'IND AA+' from 'IND AA', maintaining a Stable Outlook. The Issuer Rating was also upgraded to 'IND AA+'. Short-term bank loan facilities were affirmed at 'IND A1+'.
Vishal Mega Mart's FY26 BRSR shows permanent employee count at 21,913, with turnover at 84%. Safety improved significantly (LTIFR 0.08). The company increased local sourcing to 85% and implemented solar energy at 11 facilities, fostering job growth in smaller towns.