who is one of the most prominent wholesale and retail marked of india
Answers
Answer:
Sadar Bazaar
Biggest Wholesale Market In India Sadar Bazaar.
Explanation:
Agencies The Walmart ranking at top of the India's table is based solely on Flipkart and it does not take into account Walmart's wholesale business in India. NEW DELHI: A Euromonitor study has ranked Walmart on top of India's retail companies, thanks to the US company's acquisition of Flipkart in 2018 for $16 billion.
New Delhi: Reliance Retail became the first Indian retail company to clock more than Rs 100,000 crore in annual revenues after the retail venture of Mukesh Ambani-led Reliance Industries Ltd (RIL) reported an 89% jump in income for the fiscal year 2018-19 to Rs 130,556 crore, up from Rs 69,198 crore in the previous fiscal year.
Reliance Retail’s profit before depreciation, interest and taxes (PBDIT) rose 77% to Rs 1,923 crore for the fourth quarter of financial year 2018-19 ending March 31, 2019, the company said in its earnings announcement on Thursday. For the same period of last fiscal the company had posted PBDIT of Rs 1,086 crore. Business PBDIT for the financial year 2019 grew by 145.2 percent year-on-year to Rs 6,201 crore as against Rs 2,529 crore in previous year.
For the year, Reliance Retail delivered a record-breaking performance in revenue and profits growth for the year 2018-19.
“During FY 2018-19, we achieved several milestones and made significant strides in building Reliance of the future. Reliance Retail crossed Rs 100,000 crore revenue milestone," said Mukesh Ambani, chairman of RIL said.