Amongst all the disorganisation in the retail market, you will always find organised business model trying to manage the entire structure. This juxtaposing framework is what makes our Indian retail economy unique. The organised business model that manages the unorganised retail market is the retail distributors, they act as a sturdy link between the product and service companies and the kirana stores. They also help in the ministration of these kiranas by providing them access to credit and empowering them through various digital technologies that will equip the kirana stores and help them to evolve. Most of the distributors in India strongly believe in assisting the unstructured retail market and making them better. A preconceived notion about middlemen in any market is that they hamper the growth of the market and are concerned more about their self-interest than the growth of the overall sector. But this statement does not stand completely accurate with the Indian retail scenario.
“It is with support the business grows and support is what cements the framework of our retail market”, says Gyaneshwar. Mr. Prajapati started in the sales domain for the telecom sector before becoming a retail distributor in Mumbai. Telecom market before 2005 was booming and margins for profits were very good. The passion for retail and sales is what drove Mr. Prajapati to retail distributorship. Laying the ground before him through his prior experiences is what made retail distribution his second nature. Aligning the misaligned is the vision that Gyaneshwar pursues. He has extensively worked with Pay1 in the past 3 years and has been habituated to the goals that the Retail-Tech platform promotes.
Today Gyaneshwar has 150 retailers under his umbrella ranging from mobile shops to kirana stores, to provide them prolonged credit period for their effective functionality is what his distribution agency aims to achieve. “Digital payment services will promote cashless business transactions that will overhaul the retail market. I personally promote the 150 retailers that I work with to start using digital services that Pay1 develops. Adopting new ideas will not only help my retailers to grow but along with that the ease of operations for my distribution channel will become more efficient”, says Gyaneshwar.
Nature of growth demands change. To evolve effectively is to metamorphose seamlessly into a new system. Flexibility is the key to success and Mr. Prajapati has mended his operations with the current business trend that is shifting towards the digital economy. “This is an opportune moment for me, to be affiliated with Pay1 which is not only equipping me with their latest innovations but also empowers my retail team to better themselves and their business through this platform”, he conveys.
We at Pay1 are extremely appreciative of distributors like Mr. Gyaneshwar Prajapati who are hand in hand working with Pay1 towards a common goal.