Jain, CEO of north India for Future Group, has joined the Gurgaon-headquartered V-Mart earlier this month and will report to V-Mart’s founder Lalit Agarwal.
Jain has been a Future Group veteran for 17 years and had risen through the ranks to head north India for the Future Group and he is credited to have played a pivotal role over the years in the expansion of the group’s footprint in the crucial northern markets including the important market of Delhi-NCR.
The Kishore Biyani-led Future Group has lately been facing a liquidity crunch amid the coronavirus pandemic that prompted it to agree to sell its assets to rival Reliance Retail for Rs 24,713 crore.
V-Mart operates more than 200 outlets in more than 170 towns in 17 states mainly selling value-based apparels, footwear, accessories and home products.
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