Spencer's Retail Ltd - Company Profile
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Spencer's Retail Ltd (Spencer’s) is a multi-format retailer of food and non-food products. These products include food and grocery, fruit and vegetables, electrical and electronics, home and office essentials, garments and fashion accessories, toys, personal care, fresh and frozen meat, bakery items, drinks, frozen foods and IT accessories, among others. The company operates stores across India under hypermarkets, supermarkets, departmental store and convenience store formats. These stores offer both food and non-food products under Tasty Wonders, Smart Choice, 2Bme, Besser, HandsOn, Asankhya, Scorez and Maroon brands. The company also offers various services such as gift cards and home deliveries. It has a presence across various states of country such as Andhra Pradesh, Delhi, Kerala, Maharashtra, Tamil Nadu, Haryana, Jharkhand, Karnataka, Telangana, Uttarakhand, Uttar Pradesh and West Bengal. Spencer’s is headquartered in Kolkata, West Bengal, India.
Spencer's Retail Ltd premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Electrical and Electronics | Home Delivery | Spencer's |
Food and Grocery | E-Commerce | Spenser’s Smart Choice |
Digital Equipment | Gift Cards | 2Bme |
XYZ | XYZ | |
XYZ | XYZ | |
XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | New Products/Services | In January, the company unveiled its brand new hyper market chain called, Spencer's Value Market. |
2020 | Contracts/Agreements | In April, the company and Flipkart entered into a partnership to expand essentials business. |
2019 | Acquisitions/Mergers/Takeovers | In May, the company announced the acquisition of grocery and fresh fruits store, Nature's Basket from Godrej Industries for US$3 billion. |
Competitor Comparison
Key Parameters | Spencer's Retail Ltd | Avenue Supermarts Ltd | Trent Ltd | Future Retail Ltd | Reliance Retail Ltd |
---|---|---|---|---|---|
Headquarters | India | India | India | India | India |
City | Kolkata | Mumbai | Mumbai | Mumbai | Mumbai |
State/Province | West Bengal | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
No. of Employees | 5,224 | 12,108 | 16,586 | 21,839 | 361,000 |
Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Shashwat Goenka | Chairman | Executive Board | 2023 | 33 |
Anuj Singh | Director; Chief Executive Officer; Managing Director | Executive Board | 2023 | - |
Vikash Kumar Agarwal | Secretary; Chief Compliance Officer | Senior Management | 2023 | - |
Pratip Chaudhuri | Director | Non Executive Board | 2018 | 69 |
Rahul Nayak | Director | Non Executive Board | 2018 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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