Retail Leadership Summit (RLS) 2019

Speaker 2018

MAYANK MOHAN

Director, Mohanlal Sons

Mayank Mohan has pursued his higher education from Indiana University, Bloomington in the US, where he completed his degree in Economics & Business with honours.

He then joined the Chicago office of Deloitte Consulting as a Strategy & Operations Analyst. At Deloitte he had the opportunity to work on a wide range of projects and interact with the CEOs and CFOs of various Fortune 500 companies. After getting promoted to a Consultant and working for 3 years at Deloitte, Mr. Mohan decided to move back to India in 2007 to join Mohanlal Sons, a family business dating back to 1881, as a 4th generation entrepreneur.

Mr. Mohan effectively used his strategy consulting background and a keen business foresight to transition Mohanlal Sons from a Multi Brand Outlet to a specialised Celebration Wear Retailer. He also decided to foray Mohanlal Sons in relatively virgin markets; tier 2 towns. This has helped the brand to not only survive but strive (almost quadrupling revenues) and carve out a niche space for itself at a time when a lot of Indian Retailers are struggling due to intense competition from international brands and the advent of e-commerce.