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Bharti Walmart


Bharti Walmart

Bharti Walmart is a retailer corporation and is a joint venture between Bharti Enterprises and Walmart.

Raj Jain is the MD & CEO of Bharti Walmart.

In November 2006, the company announced a joint venture with Bharti Enterprises to open retail stores in India. As foreign corporations were not allowed to directly enter the retail sector in India, Walmart operated through franchises and handled the wholesale end. The partnership involves two joint ventures; Bharti manages the front end involving opening of retail outlets, while Walmart takes care of the back end, such as cold chains and logistics.

Bharti Walmart operates under the brand name Best Price Modern Wholesale

The first store of Bharti Walmart is opened in Amritsar in May 2012.

Walmart Stores Inc President and CEO, Asia Scott Price, stated that Walmart would be capable of opening stores in India within a time frame of 2 years. Price also said that the company expects to continue its partnership with Bharti Enterprises in operating Best Price Modern Wholesale.

Stores

There are 18 stores of Bharti Walmart in India. Three of those are in Andhra Pradesh.

On 26 September 2012, the first Best Price Modern Wholesale cash-and-carry store in Hyderabad was opened.

Timeline

2012

In October 2012, Walmart announced its plan for a series of partnerships in India with small and mid-level suppliers. The product categories will be priced substantially lower than private label brands.

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