Vijay Sales rebuffs PE, eyes Rs 13,600 cr FY26 sales as family doubles down on reinvestment
India's #3 electronics retailer, trailing only Reliance Digital and Croma, projects 25%+ sales growth to Rs 13,600 crore and Rs 500 crore+ profits in FY26. The 60-year-old Mumbai-based family chain is shunning private equity, family offices, and wealth managers, choosing to plough profits back into the core business rather than diversify.
What happened
Vijay Sales, India's third-largest electronics retailer after Reliance Digital and Croma, rejects private equity suitors. Family-owned chain reports FY26 sales
Key facts
- Rs 13,600 crore FY26 sales
- 25%+ sales growth
- Rs 500 crore+ profit
- 20% profit growth
- 60 years
Why this matters
Vijay Sales' explicit rejection of PE, family offices, and wealth managers closes a marquee consolidation lane in Indian electronics retail and pushes acquirers toward smaller regional chains or category-adjacent targets.