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![EntrepreneurIND Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::76726886.png) @EntrepreneurInd [@EntrepreneurIND](/creator/twitter/EntrepreneurIND) on x 36K followers
Created: 2025-07-18 10:18:40 UTC

#Update 

B.S. Nagesh, a founding member of Shoppers Stop since 1991, has retired as chairman after over three decades.

Under his leadership, the retailer expanded from a single Mumbai store to XXX outlets across XX cities, achieving significant revenue growth from INR XXX crore (FY04) to INR XXXXX crore (FY25).

Nirvik Singh of Grey Group, a board director since 2008, assumed the chairman role on July XX.

This transition comes as Shoppers Stop navigates increased competition and recent top-level departures, despite a Q1 revenue rise of X% to INR XXXXX crore.

The company focuses on its First Citizen loyalty program, and growing Intune and beauty verticals amidst challenges.

Read the story:

 #RetailNews #ShoppersStop #BusinessUpdate #LeadershipChange #IndianRetail #RetailGrowth #MarketTrends #CustomerLoyalty #BusinessLeadership #IndustryInsights

![](https://pbs.twimg.com/media/GwIfaURWUAAhaOn.jpg)

XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946152635305750983/c:line.svg)

**Related Topics**
[indian rupee](/topic/indian-rupee)
[quarterly earnings](/topic/quarterly-earnings)

[Post Link](https://x.com/EntrepreneurIND/status/1946152635305750983)