By  on August 10, 2018

As chief executive officer and president of Shoppers Stop, the country’s leading department store chain, Govind Shrikhande has been part of the careening growth of India’s retail market over the last 17 years.

He has left the retailer after a significant nine months: Amazon India invested in Shoppers Stop last November, three key investments were sold and the company is on the path to become debt free by the end of this financial year in March 2019. Shoppers Stop reported a net profit of 97.70 million rupees, or $1.42 million at current exchange for the quarter ended June 30, versus a net loss of 37.10 million rupees, or $530,000, in the corresponding quarter a year ago.­­­

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