Hunt Partners Appoints Sumat Chopra as Value Creation Director
Hunt Partners assisted Metro Cash & Carry India in appointing Sumat Chopra as Value Creation Director. An accomplished Banker & Entrepreneur, Sumat has a decade of enriching experience. After having a successful investment banking & private equity career, Sumat completed his MBA from INSEAD. Post MBA, Sumat co-founded EkStop.com – first eGrocer in the country to have direct modern-trade sourcing from leading manufacturers. He exited the venture by selling it to the Godrej Group after building it to be a #2 online grocer in the country and continued to work with them to further enhance and develop the business.
METRO is the fourth largest retailing chain in Europe. METRO’s success story began 4 decades ago in 1964, with the opening of its first wholesale distribution centre in Germany. Today, the company is a leading player in almost every market it operates in, with around 700 wholesale centres across 30 countries. METRO Cash & Carry is the largest sales division of the € 67.3 Billion METRO Group, one of the world’s leading international trading and retail companies.
Metro India has 10 year old operations in India. Metro has invested close to Rs 1,500 crore on its stores in India. Revenue from India is Euro 355 million; Sourcing goods worth Euro 65 million from India for their global operations. India being one of the focus countries on Metro’s global priority list has total of 17 stores of which 9 are large formats.
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