A New Era Begins at Shoppers Stop

After an impactful 34-year tenure, B S Nagesh, the chairman of Shoppers Stop, has announced his retirement at the company's latest annual general meeting. The board has named Nirvik Singh as the new chairman, marking the beginning of a new chapter for the retail giant.

Nagesh's leadership has been pivotal in shaping not just Shoppers Stop but also India's organized retail sector. Under his guidance, the company navigated through multiple growth phases, including category diversification and digital adoption. His focus on governance and calculated risk-taking has been credited as key to the company's longevity.

Meet the New Chairman

Nirvik Singh, the incoming chairman, brings over three decades of leadership experience across Asia Pacific, Middle East, and Africa in advertising and brand strategy. Currently serving as president and international and global COO at Grey Group, Singh is poised to lead Shoppers Stop into its next growth phase.

Financial Performance

In related news, Shoppers Stop announced an 8.6% year-on-year rise in operational revenue to Rs 1,069.3 crore in the first quarter ended June 2025, showcasing the company's continued resilience and growth potential.