Hottest Start ups - I - The Loot

Entrepreneur's Details
Name Jay Gupta
Age 33
Hometown Birgang
Family background First gen entrepreneur
More than 1 company? Yes (2)
Education Bachelors
Graduated from SIES, Mumbai
Former employer Master Franchise
Former designation Managing Director
Area of responsibility Leadership
Favorite book/movie Guru

Business description
"The LOOT" is a multi-brand discount store, offering customers a wide range of products with discounts ranging between 25% -60% - throughout the year. The store retails about 100 brands brands like Kappa, Bossini, Adidas, Nike, CAT, ID, Spykar, Lilliput, Giny & Jony, Disney, Ruff Kids, Lee Youth, W, Sepia, AND, Welspun, Puma, Reebok, Van Huesen, Allen So...> Read more..
"The LOOT" is a multi-brand discount store, offering customers a wide range of products with discounts ranging between 25% -60% - throughout the year. The store retails about 100 brands brands like Kappa, Bossini, Adidas, Nike, CAT, ID, Spykar, Lilliput, Giny & Jony, Disney, Ruff Kids, Lee Youth, W, Sepia, AND, Welspun, Puma, Reebok, Van Huesen, Allen Solly, Arrow, Lee, Lee Cooper, Wrangler, Pepe Jeans, Parx, Park Avenue, Blackberrys, Thomas Scott, Red Tape etc and international brands like Mercedes.The LOOT's strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of men's and women's semi-formal, formal, casuals, sports category of garments, footwear & accessories, kids wear etc


How does the business make money?


By giving value to the consumers, good negotiations, working harder and more productivity


Team information
R. P. Chhabra, CEO, MA, LLB, worked with RBI & IDBI, served as Director and CEO in Garware; Melwyn Rebeiro- V.P. Operations, MBA- Symbiosis Institute, Pune, 19 years of retail experience; Satyanarayan Guttula, V.P. Private brands, 19 years in Retail; Sunil Rathi ? V.P. Finance, CA, worked for Bhartiya group, SFS Global Ltd. And Hakoba; Rahul Vohra ? V.P. Brands, 28 years of experience from manufacturing, retail & export