February 2010 Mumbai: The Loot, India’s leading multi-brand discount store is a true-blue example of entrepreneurship.
Mr. Jay Gupta – MD, The Loot won the Young Achiever Award at the 4th Indy's Awards for Excellence in Mass Communication. This award is the 11th for The Loot in recent times.
When conferred with this award at Indy's Awards he mentioned “It feels nice to know that there are people in the industry who recognize our efforts & innovation.”
With this business model initiated by Mr. Gupta, The Loot has not only scaled new heights in the retail sector but has also changed the perception of discount stores across the country. Today the company has grown from a single store with 8 brands to over 145 stores (fast racing towards 200) stocking over 100 National & International Brands including Levis, Eccentrics, Reebok, Nike, Spykar, Adidas, Arrow, Busstop, Park Avenue, Van Heusen, Puma and many more.
This multi brand store not only houses big brands, but also offers a discount band of minimum 25% to a maximum of 60% throughout the year.
Other prestigious awards won by The Loot include:
- “Critic’s choice for Pioneering Effort in Retail Concept Creation” award at the Images Fashion Awards 2009.
- "Young Retail Achiever of the Year Award” at the REID & TAYLOR AWARDS for Retail Excellence on 3rd February, 2009.
- Mr. Jay Gupta also won the “TATA NEN Hottest Start up award”, making the Loot the most sought after multi brand store.
- The TiE & Lumis Partners Entrepreneurial Excellence Award at TiEcon Delhi 2009 on 18th September 2009.
“Best in Category Retail – Value Award at the Franchise Award ’09 – 7th Awards for Excellence in Franchising and Business Development at New Delhi – November 2009.
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