Manish Sabnis has walked out of Bharti Retail to join Metro Cash & Carry. The move came as a shock to the market because Sabnis has been doing exponentially well as chief executive of Bharati Retail, the head of Easyday format of Future Retail. He will be joining Arvind Mediratta's team and will be roiling the business for Cash & Carry.
Future Retail, the flagship company of Future Group, and Bharti Retail formed a partnership in 2015. As per the partnership, Future Retail demerged its retail business to Bharti Retail and also demerged the infrastructure business of Bharti Retail to Future Retail.
This merger was headed by Sabnis who got promoted from senior vice president at Bharti Retail to the position of CEO. He was handling multiple responsibilities right from mapping correct business size for the organization to moving its head office to a new location. Also, he led migration of financial, IT and supply chain systems and leading the new team to bring the business back on track post the transition and on the path of profitable growth.
Earlier, Sabnis had rendered his services to some of the big players of the business including Bharti, Walmart, Cash & Carry, Nokia, Ranbaxy and Britannia. Currently, Cash & Carry conducts its operations from 300 stores installed in 117 cities and towns, dominating the key markets of Punjab, Haryana, National Capital Region, Western Uttar Pradesh, Uttarakhand and Bengaluru.