No, Walmart is not an Indian company It is an American global retail company from the United States of America. Founded in 1962 by Sam Walton, Walmart has become the largest retailer in the world with a global presence in multiple countries both in stores and online. In India, Walmart is often confused as an Indian brand because it has made an investment in Flipkart, an Indian eCommerce company.
Walmart is a global brand, but many people in India associate it as a local brand due to its investment in Flipkart, an Indian internet-based retail company. The presence of Walmart in India shows that the American company is focused on serving India’s consumers better through prices, products, and services, but still its origin and destiny are American.
Here is a quick overview of Walmart:
| Detail | Info |
| Founded | 1962 |
| Founder | Sam Walton |
| Headquarters | Bentonville, Arkansas, USA |
| CEO | Doug McMillon |
| Sector | Retail (Hypermarkets, eCommerce) |
Company History
Walmart was opened in 1962 when Sam Walton first opened the location in Rogers, Arkansas. His goal was to give customers the everyday low prices. With time, Walmart grew across the United States and then traveled to new markets outside the United States. In India, Walmart came in 2007 with wholesale cash-and-carry stores.
In 2018, Walmart created a ripple effect when it announced the acquisition of 77% ownership in Flipkart, India’s largest eCommerce site. This deal was the biggest investment by Walmart outside of the US.
Current Status
Today, Walmart is operating prominently in India through Flipkart, PhonePe, and experimenting with wholesale stores. Flipkart has millions of products on the web and delivers to millions of customers all over the country. Moreover, Walmart focuses on supply chain development and supporting small businesses by sourcing items produced in India.
It is targeted at providing affordable products to Indian consumers while generating employment and empowerment of small businesses. Walmart has developed a strong online presence in India and has managed to reach millions of customers.
Future Outlook
Walmart will extend its eCommerce footprint in India through Flipkart and PhonePe. It is more about providing better shopping technology, faster delivery, and a wide product range for easier shopping. The company also prioritizes sustainability, aiming to reach renewable energy and emission reductions.
The company views India as an important market and keeps investing in innovation, jobs, and local sourcing opportunities. The future for Walmart in India will be bright, but it will always remain an American luxury.
