Mr. B. S. Nagesh has been with Shoppers Stop Ltd since its inception in1991. As Vice Chairman of Shoppers Stop Ltd, Mr. B.S. Nagesh continues to play the role of strategic advisor to the management of Shoppers Stop Ltd. Recognised as the pioneer of the retail boom in India, Mr. Nagesh was voted by Business India as one of the top 50 managers in India who will influence the Indian business scenario in the 21st century.

In the last 19 years Mr. Nagesh has taken the business of retailing to new heights. From a one-store set-up in Mumbai, Shoppers Stop today is the largest chain of large format department stores with a national presence with 28 stores in 12 cities.

Mr. B.S. Nagesh has contributed significantly in ushering international brands and modern retailing in the country. He is involved in setting up and operations of the country’s largest hypermarket HyperCity, which was launched in May 2006. HyperCity has been declared as one of the top 100 retail destinations in the world by Retail Week, UK and the best hypermarket at the United States International Design Awards in New York.

His leadership and vision for the company has enabled franchise of various international brands like M.A.C & Mothercare and setting up of JVs with Nuance of Switzerland for airport retailing and with LAI of Australia for Timezone entertainment centers. Mr. Nagesh was also instrumental in Shoppers Stop Limited acquiring the 100 per cent stake of the Crossword chain of bookstores in the year 2005.

Mr. Nagesh has been recognised as ‘The Retail Professional of The Year’ by CMAI for the years 2001, 2003, 2005 & 2006 and at the India Retail Summit in November 2005. He was also felicitated with ‘The Best Professional of the Year’ award at the ICICI Bank, Retail Awards in 2005.

In November 2006, Mr. Nagesh was awarded the ‘Entrepreneurship Award’ in the Enterprise Scions Awards instituted by DNA Money and the ‘Visionary Award’ by ICFAI.

Ernst & Young nominated him for the Entrepreneur of the Year Award 2005 as one of the top 30 finalists. He also received the 'Top CEO Award 2001' instituted by Institute of Marketing Management.  Mr. Nagesh has been recognised as an iconic retailer and was inducted into the World Retail Hall of Fame 2008 along with Mr. Millard Drexler of J Crew, Sir Philip Green of BHS and Arcadia and Mr. Amancio Ortega of Inditex at the World Retail Congress 2008 conducted in Barcelona. The four iconic retailers have been selected by retail industry leaders and experts from across the Globe in recognition of their supreme industry achievements.  With his induction in the World Retail Hall of Fame 2008, Mr. Nagesh is the only Indian retailer to take a significant place alongside more than 100 stalwarts of the global retail industry, which include veterans like Sam Walton of Wal-Mart, Giorgio Armani, Jack Cohen of Tesco, Simon Marks and Israel Sieff of Marks & Spencer, Ingvar Kamprad of Ikea, amongst others.

CMAI Apex Awards in July 2008 Felicitated Mr. Nagesh for being the First Indian Retailer to be inducted into the World Retail Hall of Fame. In his prior role as the Managing Director of Shoppers Stop, Mr. B. S. Nagesh infused the latest retail techniques into the business, blending the best of national and international talent within the company. NASSCOM in association with Economic Times awarded Shoppers Stop the “Best IT User” in the retail vertical.

Mr. Govind Shrikhande has been with Shoppers Stop Ltd since April 2001. Mr. Shrikhande has now taken over the responsibility as the Managing Director of Shoppers Stop Ltd.