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Lalit Agarwal, CMD, V-Mart Retail Ltd delivering his speech during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd delivering his speech during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd poses during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd addressing the media while Madan Agarwal, Whole Time Director, V-Mart Retail Ltd looks on during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd delivering his speech during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd addressing the media while Madan Agarwal, Whole Time Director, V-Mart Retail Ltd looks on during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd addressing the media while Madan Agarwal, Whole Time Director, V-Mart Retail Ltd looks on during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Madan Agarwal, Whole Time Director, V-Mart Retail Ltd gestures during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd, Madan Agarwal, Whole Time Director, V-Mart Retail Ltd & Hemant Agarwal, Whole Time Director, V-Mart Retail Ltd poses during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd gestures during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.

Lalit Agarwal, CMD, V-Mart Retail Ltd, Madan Agarwal, Whole Time Director, V-Mart Retail Ltd & Hemant Agarwal, Whole Time Director, V-Mart Retail Ltd poses during the press conference of V-Mart to announce its Initial Public Offering in Mumbai on Monday, 28 January 2013.