The retail industry in India has seen exponential growth over the past few decades, driven by the increasing purchasing power of consumers, urbanization, and a growing middle class. This dynamic market is home to several top retail companies that have established themselves as leaders in various segments, including grocery, fashion, electronics, and more. Top retail companies have played a pivotal role in shaping the Indian retail landscape. Their continuous efforts to expand their reach, enhance customer experience, and innovate have set benchmarks for the industry. As they continue to grow and evolve, these retail giants will undoubtedly influence the future of retail in India. These top retail companies are selling their products in domestic as well as international markets. They are very popular for their quality in the markets.

1. RELIANCE RETAIL

Among the top retail companies in India, Reliance Retail tops the list. This company has more than 45 subsidiaries in India and was established by Mukesh Ambani in 2006. The company is headquartered in Nariman Point, Mumbai, India. It is one of the leading retail companies that offer a huge range of products, including groceries, apparel, footwear, electronic goods, and farm implements. It focuses on consumer goods, travel services, consumer durables, energy, entertainment and leisure, health and well-being products, as well as educational products and services. Reliance’s notable brands include Reliance Super Bazaar, Reliance Digital, Azorte, Reliance LYF & Jio, and Reliance Trends. Reliance Retail also owns a portfolio of more than 50 marquee international brands, including fashion brands like GAP, Armani, Burberry, Diesel, Marks & Spencer, Superdry, Brooks Brothers, and Steve Madden. Additionally, Reliance Retail has acquired several popular brands, such as Sephora( Luxury Beauty chain), Zivame (Online Intimate wear), Urban Ladder(Furniture Outlet) , Just Dial(Local Search Engine), Clovia (Intimate wear), Nickelodeon India, Forbes India, and Hamleys(Toys).

It is estimated that the company generates over ₹3 trillion (approximately $37 billion) in revenue and employs more than 207,552 people in over 18,836 locations worldwide. It is India’s largest retailer in terms of reach, scale, revenue, and profitability. With a strong presence across key consumption baskets and a leadership position in food, consumer electronics, and fashion retailing, and with 18,836 stores covering 79.1 million square feet, Reliance Retail has the largest store network in the country. The company ranks first among the retail companies in India.

In Deloitte’s Global Powers of Retailing 2023 list, Reliance Retail is ranked 94th after crossing the ₹1,00,000 crore turnover milestone.

2. TRENT RETAIL (TATA GROUP COMPANY)

Trent, a part of the Tata Group, is one of India’s leading retail companies. Founded in 1998 in Mumbai, Trent operates over 200 large department stores and employs more than 25,000 people, generating an estimated annual revenue of $2.5 billion1. There are four subsidiaries of the Company:

The lifestyle chain Westside, a chain of lifestyle retail stores, the hypermarket chain Star Bazaar– offers health and beauty products, vegetables, fruits, dairy products, and non-vegetarian products in addition to staple foods and beverages. A Value fast Fashion Brand, provide low-cost fashion – ZUDIO with 600+ Outlets across India, SAMOH a cultural fashion chain, MiSBU– a youth centric Fashion Brand, & UTSA a contemporary ethnic store with traditional aesthetics.

3. ADITYA BIRLA FASHION & RETAIL ( GROUP COMPANIES)

ABFRL is part of a leading Indian conglomerate, Aditya Birla Group. With revenue of US$ 1.7 billion and spanning a retail space of 11.9 million sq.ft. (as on March 31, 2024), Aditya Birla Fashion and Retail Limited (ABFRL) is India’s first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats. ABFRL emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL’s Madura Fashion division and ABNL’s subsidiaries – Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

ABFRL brings together the learnings and businesses of two renowned Indian fashion icons, Madura Fashion & Lifestyle and Pantaloons creating a synergistic core that will act as the nucleus of the future fashion businesses of Aditya Birla Group. As a fashion conglomerate, ABFRL has a strong network of 4664 brand stores across the country. It is present across 37,205 multi-brand outlets and 9,563+ shop in shop across India as on March 31, 2024.

It has a repertoire of leading brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England established for over 25 years. Pantaloons is one of India’s leading fashion retailers. ABFRL’s International Brands portfolio includes – The Collective – India’s largest multi-brand retailer of international brands. ABFRL has long-term exclusive partnerships with select brands such as Ralph Lauren, Hackett London, Simon Carter, Ted Baker, Fred Perry, Forever 21, American Eagle, Reebok , and Galeries Lafayette.

The Company’s Van Heusen Innerwear, Athleisure and Activewear is establishing itself as India’s most innovative and fashionable brand. ABFRL’s foray into branded ethnic wear business includes brands such as Jaypore, Tasva & Marigold Lane. ABFRL also has strategic partnerships with leading Indian designers including ‘Shantnu & Nikhil’, ‘Tarun Tahiliani’, ‘Sabyasachi’ and ‘House of Masaba’.

In addition, to cater to the needs of digitally native consumers, ABFRL is building a portfolio of digital-first brands under its technology-led ‘House of D2C Brands’ venture – TMRW. TMRW is on a path to building a portfolio of digital-first brands in partnership with founders of emerging brands in the eCommerce market. With a focus on Fashion & Lifestyle categories, TMRW is building a portfolio of the most loved consumer brands that tap into the significant growth potential in India and globally.

4. AVENUE SUPERMARTs

Avenue Supermarts Ltd, commonly known as DMart, is one of India’s leading retail companies, giving robust competition to its competitors. Founded by Mr. Radhakishan Damani and his family, DMart was established to cater to the growing needs of Indian families. Headquartered in Mumbai, Avenue Supermarts Ltd (ASL) owns and operates several retail brands, including D Mart, D Mart Minimax, D Mart Premia, D Homes, and Dutch Harbour.

Overview of DMart

DMart supermarkets offer a wide variety of basic personal and household products. Customers can find a range of home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linens, and appliances. The company operates under the brand name D Mart and is known for its organized retail approach.

Product Categories

Avenue Supermarts Ltd offers its products under various categories, such as:

• Bed and Bath: Linens, towels, and bathroom accessories.
• Dairy and Frozen: Dairy products and frozen foods.
• Fruits and Vegetables: Fresh produce.
• Crockery: Dinnerware and kitchen utensils.
• Toys and Games: Children’s toys and games.
• Kid’s Apparel: Clothing for children.
• Ladies’ Apparel: Clothing for women.
• Men’s Apparel: Clothing for men.
• Home and Personal Care: Personal care products.
• Daily Essentials: Everyday household items.
• Grocery and Staples: Food staples and groceries.
• DMart Private Label Brands: Exclusive brands offered by DMart.

Expansion and Presence

With over 384 stores across India, DMart has a significant presence in states such as Maharashtra, Gujarat, Daman, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. The company continues to expand its footprint, opening new stores to reach more customers.

5. SHOPPERS STOP (K Raheja Group)

Shoppers Stop, one of India’s premier apparel retail companies, was established in 1991 by the K Raheja Group in Mumbai. The company has grown significantly over the years and is known for its modern retail approach. Shoppers Stop has an annual revenue exceeding $400 million and employs over 15,000 retail professionals. The company operates 277 multi-format stores across 40+ cities in India. Today, they operate 98 Shoppers Stop department stores, 7 premium home concept stores, 146 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, 3 Intune stores and 22 Airport doors, occupying area of  3.9 million square feet.Theye have also ventured into the distribution business under our 100% subsidiary ‘Global SS Beauty Brands Limited’.

Shoppers Stop offers a diverse range of products, including:

Home Furnishing: Home decor items and furnishings.

Apparel: Men’s, women’s, and kids’ clothing.

Non-Apparel: Cosmetics, personal accessories, leather goods, home decor, electronics, books, and music.

Jewelry: Watches for men and women, artificial jewelry, fine jewelry, handbags, and fragrances.

Shoppers Stop is home to a multitude of leading international and national luxury, prestige and premium brands for apparel, shoes, watches, bags, beauty, home décor and much more. With 30 years of experience in retail, we aim to bring the best of the best right to your doorstep through our department stores, website and app. We continue to go above and beyond to engage and delight you with our wide assortment of brands and products, personal shoppers, master classes, expert advice, videos, and informative content that makes shopping with us an experience you’ll keep coming back to.

Other Retail Brands

Shoppers Stop owns several retail brands, including:

• HomeStop: Specializes in household products.
• Mothercare: Focuses on baby and children’s products.
• Crossword: A bookstore chain offering a wide range of books and stationery.
• Life: A lifestyle store offering apparel and accessories.
• Intune: A new format called “Fashion For All,” offering private label brands.
• SS Beauty– A luxury Format Multi Brand Beauty Collection

6. VISHAL MEGAMART

Vishal Mega Mart, a leading retail chain in India, follows a unique business model that heavily relies on its in-house brands for high-margin items like apparel, which contribute nearly half of its revenue. Founded in 2001 by Ram Chandra Agrawal, the Gurugram-based company has expanded significantly over the years. It was a slump sale by founder Ram Chandra Agarwal. Debt-ridden Vishal Retail was sold for a paltry ₹70 crore to TPG and a Shriram Group firm in 2010. Eight years down the line, the company changed hands again in 2018 by Partners Group and Kedaara Capital. Now in market for a massive IPO of 8000 Crore.

 At a time when organised retail was in its infancy in India, investors spotted a gem. Firstly, the brand was not built on high streets: Its 200 stores were dotted across small towns. Secondly, the consumption story of the Indian middle-class had just started to take off, and the combination of rising aspirations and purchasing power was a right fit for any retailer. Thirdly, the product mix of the stores was interesting: While 50 percent consisted of apparel, the other half was merchandise and FMCG products.– FORBES INDIA

Expansion and Presence

Vishal Mega Mart operates over 645 stores across 414 cities in India, focusing primarily on tier-II and tier-III markets where demand for affordable products is substantial. The company’s diverse product range includes apparel, groceries, electronics, and personal care items, allowing customers to meet various shopping needs under one roof. The company’s business model emphasizes bulk purchasing to lower costs, enabling it to offer competitive pricing while maintaining quality. This strategy has positioned Vishal Mega Mart well within the rapidly growing Indian retail sector.

E-commerce and Future Growth

Vishal Mega Mart has also embraced e-commerce, enhancing its online shopping platform to complement its physical stores and adapt to changing consumer preferences. This dual approach not only broadens its market reach but also strengthens customer engagement.

7. TITAN

Titan has come a long way since 1984 when we started with one product category. Today, with over 8,000 employees and about 38,000 in the overall Titan ecosystem, 16 brands and over 2,000 retail stores, we are as committed  as ever to delivering profitable and responsible growth for all our stakeholders.

Titan is India’s leading lifestyle company and among the most admired and respected corporates in the country. We have established leading positions in the Jewellery, Watches and EyeCare categories led by our trusted brands and superior customer experience. we have also diversified into Wearables, Indian Dress Wear and Fragrances & Fashion Accessories and are driving differentiation in these lifestyle categories, underpinned by our deep understanding of customer preferences. A journey of over 30 years that saw Titan Watch Project becoming Titan Watches, to Titan Industries, and to what’s today known as the Titan Company Limited. With hitting the 15 million mark every year in production, each year saw new technologies and innovations. Today, we have three major divisions – Watches and Wearables, Jewellery, Eyewear, and scope for development under New Business Divisions.

As of the latest financial reports, Titan Company’s turnover for the fiscal year 2023-2024 is approximately ₹20,000 crore. The company has shown a solid performance with a closing price of ₹3445.75 as of December 13, 2024.

Retail Business

Titan’s retail business is divided into several key segments:

1. Jewelry: Titan is a major player in the Indian jewelry market with brands like Tanishq, Mia by Tanishq, CaratLane, and Zoya. Tanishq is known for its premium jewelry, while Zoya targets the luxury segment2. The luxury jewelry brand Zoya aims to achieve a revenue of ₹400 crore in FY25.
2. Watches: Titan is one of the largest watch manufacturers in the world. The company offers a wide range of watches under brands like Titan, Fastrack, Zoop, Raga, Fastrack, Nebula, and Xylys.
3. Eyewear: Titan has a significant presence in the eyewear market with brands like Titan Eyeplus and Titan Eye Care.
4. Fragrances: Titan also has a line of fragrances under the Skinn brand.

Titan’s retail strategy focuses on customer-centricity, personalized service, and innovative designs. The company continues to invest in the latest technology to enhance customer experience and maintain its competitive edge. Bags by Fastrack, Helios , IRTH , Octane ,SF, Skinn , Sonata, Taneira, Titan Belts & Wallets & Titan Clock are few other brands owned by Titan.

8. SPENCER’S RETAIL

Spencer’s Retail Limited is a prominent multi-format retailer in India, known for its wide range of quality products across categories such as food, personal care, fashion, home essentials, electrical, and electronics. The company was established in 1999 and is headquartered in Kolkata. As of the latest financial reports, Spencer’s Retail reported a standalone turnover of ₹2,300 crore for the fiscal year 2022-2023. The company has shown a positive growth trajectory with an improvement in profitability and gross margins.

Retail Business

Spencer’s Retail operates over 160 stores across almost 40 cities in India. The company’s retail formats include hypermarkets, supermarkets, and express stores, catering to a wide range of customer needs1. Spencer’s is known for its differentiated offerings and superlative customer experience, making it a pioneer in organized retailing in India.

Product Categories

Spencer’s Retail offers a diverse range of products, including:

• Food: Fresh produce, groceries, and packaged foods.
• Personal Care: Cosmetics, toiletries, and hygiene products.
• Fashion: Apparel, footwear, and accessories for men, women, and children.
• Home Essentials: Furniture, kitchenware, and home decor items.
• Electrical and Electronics: Appliances, gadgets, and electronics.

Omni-Channel Presence & Private Brands

Spencer’s Retail has embraced omni-channel retailing, offering both online and offline shopping experiences. The company’s website, spencers.in, provides a seamless shopping experience for customers, allowing them to shop for a wide range of products from the comfort of their homes. Spencer’s Retail has a strong presence of private brands across its food and non-food portfolio. These brands include Natures Basket, The Gift Studio, and Spencer’s Own Brands, offering quality products at competitive prices

9. LANDMARK GROUP ( INDIA)

Landmark Group India is a leading retail and hospitality organization, known for its diverse portfolio of well-loved brands. The company operates over 2,200 stores across 21 countries, including India, the Middle East, Southeast Asia, and Africa. Landmark Group is committed to enriching lives through its retail, logistics, hospitality, and leisure brands.

Turnover

As of the latest financial reports, Landmark Group India reported a turnover of approximately ₹30,000 crore for the fiscal year 2022-2023. The company has shown consistent growth and continues to expand its footprint in the retail and hospitality sectors.

Retail Business

Landmark Group India offers a wide range of retail brands, including:

1. Lifestyle: A leading Upper Middle fashion and lifestyle brand offering apparel, accessories, and footwear for men, women, and children.
2. Max: A popular fashion brand known for its trendy and affordable clothing for the entire family.
3. Home Centre: A one-stop destination for home and lifestyle products, including furniture, decor, and kitchenware.
4. Babyshop: A specialty store for baby and children’s products, offering a wide range of essentials and fashion items.
5. Danube: A brand focused on home textiles, offering bed linen, curtains, and other home decor items.
6. Max Hyper: A hypermarket format providing groceries, fresh produce, and household items.
7. Easybuy: A well-known value department store offering a variety of products, including apparel & accessories.

10. Decathlon India

Decathlon India is a leading sporting goods retailer, part of the French multinational company Decathlon Group. The company has made significant strides in the Indian market since its entry in 20091.

Turnover

For the fiscal year 2023, Decathlon India reported an annual revenue of approximately ₹4,000 crore. This marks a substantial increase from previous years, reflecting the growing demand for sports and fitness gear in India1.

Retail Business

Decathlon India operates over 100 stores across 19 states in India. The company’s retail strategy focuses on providing a wide range of sports and fitness products at affordable prices1. Decathlon offers gear for over 85 different sports categories, including cricket, football, tennis, badminton, and more. The company’s in-house brands and vertical integration allow it to maintain competitive pricing while ensuring quality.

Business Model

Decathlon initially entered the Indian market with a cash-and-carry model, which helped the company gain insights into local consumer preferences. In 2013, Decathlon transitioned to a single-brand retail model, allowing it to offer a comprehensive brand experience and control its supply chain more effectively1. The company has since expanded its product range and introduced new items tailored to the Indian market.

E-commerce and Omnichannel Presence

Decathlon India has embraced e-commerce and omnichannel retailing to enhance customer experience. The company’s website and app offer features like product pick-up, in-store events, and efficient delivery networks2. Decathlon is also investing in technology to streamline the checkout process and provide personalized shopping experiences.

Future Plans

Decathlon plans to invest €100 million (₹930 crore) over the next five years to expand its presence in India. The funds will support the opening of new stores, digital upgrades, and improvements in the value chain2. The company aims to increase its store count to 190 across 90 cities, including tier 1 and tier 2 towns.