V-Mart Retail Limited has disclosed that Jayesh Kothari, the company’s President – Merchandising and a Senior Management Personnel, has tendered his resignation citing health-related reasons. The resignation letter, dated October 4, 2026, states that the departure will take effect at the close of business on October 9, 2026. The move marks a significant leadership transition within the retailer’s merchandising function, a core area that shapes product assortment and in-store strategy.
Kothari’s exit comes as the company navigates a dynamic retail environment. In his communications, he indicated that he would complete the handover to the leadership team in the coming days while he attends to health matters, including daily treatments and a scheduled tooth surgery. V-Mart thanked him for his service and said it would share next steps on leadership arrangements in due course.
Industry observers will be watching how the merchandising function evolves as V-Mart gears up for the upcoming festive season and ongoing growth initiatives. With the handover underway, the retailer will likely focus on sustaining momentum in product strategy, supplier relationships, and category performance—areas closely tied to the former executive’s stewardship.