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LOTS WHOLESALE STORY

Established in India in January 2017, LOTS Wholesale Solutions (CP Wholesale India Private Limited) (“LOTS”) is a wholly-owned subsidiary of Siam Makro Public Company Limited, Thailand’s leading Cash & Carry operator in wholesale for professional business operators.

With over 28 years of experience in serving B2B customers in Thailand, we have now arrived in India with the vision of being India’s largest cash & carry operator.

Our aim is to meet all the business needs of our members by providing them a range of products-fresh produce, packaged food, electronics, stationery, apparel and more – under one roof and in convenient pack sizes.

We primarily cater to Retailers, HoReCa (Hotels, Restaurants and Caterers) and Service Providers (Government institutes, medical facilities, educational institutes etc.).

LOTS Wholesale Solutions aims at setting up 15 stores in the next 3 years and has committed an investment of ?1000 cr to establish operations in the Indian retail sector. Through its stores, LOTS aims to generate 5000 direct and indirect employment opportunities.The first store of LOTS at Pitampura in New Delhi will cater to over 50,000 registered customers and will offer over 5000 SKUs in a sales area of 50,000 sq feet.

HERITAGE
ABOUT CP GROUP

Founded in 1921 by Chia Ek Chor, the Charoen Pokphand Group (‘CP Group’) is Thailand’s largest private company and one of the world’s largest conglomerates. The company has businesses in several areas including retail, telecommunication, media, e-commerce, property development, plastics, automotive, finance, insurance and pharmaceutical.

It is currently helmed by Mr. Dhanin Chearavanont, Senior Chairman, Mr. Soopakij Chearavanont, Chairman and Mr. Suphachai Chearavanont, CEO.

It employs over 350,000 people and has investments and presence in over 30 countries around the world. The Group’s current revenue is USD 50 billion dollar.

With decades of industry leadership across multiple regions, the CP Group is recognised as a global leader and innovator in the food business.

To take forward the CP Group’s ambition to vertically link their businesses, Siam Makro Public Company Limited was established in 1988 as a retail and distribution company. It became a part of the CP Group in 2013 and is currently headed by Mr. Arsa Sarasin, Chairman and Ms. Suchada Ithijarukul, CEO.

ABOUT Siam Makro

Siam Makro Public Company Limited (a part of CP Group), is Thailand’s largest cash and carry operator. It operates under the brand name “Makro” in Thailand. Since 1988, Makro has been catering to over 3 million registered members in Thailand through its range of food and non-food items. Employing over 15,000 people, Makro currently owns and manages 110 Makro Cash & Carry stores, 8 Siam Frozen shops and 5 Food shops in Thailand, totalling 729,763 square meters of sales space.

Makro follows a customer-centric strategy with a focus on product development. Customers get access to the best prices, along with unmatched quality and hygiene, owing to Makro’s emphasis on controlling end-to-end processes.

Through initiatives like the Makro Retailer Alliance (MRA) and HoReCa day, Makro aims at educating its customers about the best business practices.

With multiple store formats like Makro Classic stores (for small retailers), Makro Food Service stores (for HoReCa), Siam Frozen (for frozen food needs) and Siam Food service (for premium food products), Makro caters to the diverse needs of its business customers and aims at being ‘Your Trusted Partner.’

Suchada Ithijarukul

Group CEO, Siam Makro Public Company Limited

Mrs. Suchada Ithijarukul is the Second Vice Chairman and Group Chief Executive Officer of Siam Makro Public Company Limited.

Prior to Makro, Mrs. Ithijarukul worked with Inchcape Group for 10 years. She started at Makro as the Finance Director in 1995 and was appointed as the Chief Executive Officer (CEO) in 2001.

Mrs. Ithijarukul oversees the functioning of the Company and its subsidiaries. Under her stewardship, Makro has significantly expanded its geographical footprint and shown exponential growth in turnover.

Her guidance and advice will go a long way in enabling LOTS Wholesale Solutions to grow successfully in India.

In addition to her professional achievements, Mrs. Ithijarukul has received the Thailand Role Model of Professional Women Award from The Federation of Business and Professional Women’s Association of Thailand and the Best CEO Award in Service Category from Investment Analysts Association in 2014.

Mrs. Ithijarukul is an active volunteer and has been associated with the Rotary Club of Bangkok Vibhavadi. She has been a District Governor of District 3350 – Rotary International.

Mrs. Ithijarukul holds a Bachelor’s Degree in Accountancy from Chulalongkorn University, Thailand, and a Certificate in Director Accreditation Program from Thai Institute of Directors.

Tanit Chearavanont

Managing Director and Member of the Board

Mr Tanit Chearavanont was appointed the Managing Director of CP Wholesale India Pvt. Ltd. (“LOTS Wholesale Solutions”) in November 2017. He also serves as a member on the board of LOTS Wholesale Solutions, in addition to being an Associate Director at Siam Makro Public Company Limited (“Makro”). Mr. Chearavanont joined Makro in 2015 as part of the International Business team. He has been instrumental in conducting feasibility work for India as well as setting up Makro’s Indian arm.

Mr Chearavanont’s profile in LOTS Wholesale Solutions encompasses responsibility for leading the overall business operations in India. In this regard he continues to work with a team of top professionals from the industry to develop and implement strategies targeted at achieving the aim of building the brand into a market leader in India.

Mr. Chearavanont brings with him a strong background and multifaceted experience in investment banking and retail. In his previous role, Mr. Chearavanont worked as the Director of Operations and Business Development of LOTS Wholesale Solutions. He has also worked with UBS AG in Hong Kong as an investment banker in their M&A and Corporate Finance, and Consumer & Retail teams. This experience in banking industry will be an added advantage to the organisation for setting up operations in India. He holds a Bachelor of Arts Degree in History from Harvard University, in Massachusetts, U.S.

Sameer Singh

Operations, Business Development & Expansion

Mr Sameer Singh was appointed as Director: Operations, Business Development and Expansion of LOTS Wholesale Solutions in February 2017. He also serves as a member on the board of LOTS Wholesale Solutions.

As Director: Operations, Business Development and Expansion, Mr. Singh is a part of the core team that is instrumental in setting up operations for LOTS Wholesale Solutions in India.

Mr. Singh comes with over 18 years of experience in the Retail and Hospitality industry and has worked with Bharti-Walmart, Aditya Birla, Oberoi Hotels, Barista Coffee, Arvind Brands and Metro Cash & Carry India Pvt. Ltd.

Mr. Singh holds a Post-Graduate Diploma in Business Administration from IMS, Ghaziabad. He is also a member of the Royal Institution of Chartered Surveyors Fraternity, India

Nishant Rayirath

Director, Commercial

Nishant Rayirath is the Director, Commercial for LOTS Wholesale Solutions and is a part of the core team which is responsible for setting up LOTS Wholesale Solutions in India. He is responsible for the merchandising strategy and the development of the vendor ecosystem in India.

Prior to joining LOTS Wholesale Solutions, Mr. Rayirath worked with Metro Cash & Carry for over a decade and has over 15 years of experience in Wholesale Cash & Carry operations. He has experience of various roles across FMCG, Fashion, Home, Electronics, Private label development, Analytics, Imports etc.. In addition to the above, Mr. Rayirath has also had a valuable stint in contract advertising, having worked with strong brands like Himalaya and Madura Garments. His experience across industries and different sector will benefit LOTS Wholesale Solutions’ merchandising strategy in India.

Mr. Rayirath holds a Postgraduate Certificate in Business Management from XIM, Bhubhaneswar, and is a Gold Medallist in Mathematics from Lala Lajpat Rai College. He has a proven track record of building teams with diverse backgrounds and is able to bring out the best in them.

Manish Gehlot

Director, Information Technology

Manish Gehlot joined LOTS Wholesale Solutions on 4th July 2017 as Director, Information Technology. He is responsible for program management and project implementation at LOTS Wholesale Solutions, corporate and IT strategy at Siam Makro, implementation of the Group IT policy and procedure and he also heads the centre of excellence for global IT for the Group.

Mr. Gehlot brings with him over 22 years of experience in leadership & team building, project and program management, client relationship, product strategy, technology leadership and strategic planning executions.

Prior to LOTS Wholesale Solutions, Mr. Gehlot worked with Logic USA & India, Oracle USA, IBM USA, TCS USA and TML India in various capacities. Mr. Gehlot was also the CEO and Founder of Retail Mantra, a unique Technology and Retail Strategic consulting company in the US.

Mr. Gehlot holds a Bachelor Degree in Mechanical Engineering and Masters of Technology in Manufacturing Engineering from IIT Mumbai, and a Master Certification on Retail Marketing and Management from St. Thomas University, Minnesota, USA.