About Downtown Retail Private Limited
Data last updated:
Downtown Retail Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Shubham Business Ventures Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 18 March 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2008PTC180235.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Bhupeshkumar Shah Shyamlal and Ritu Harshil Shah.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 114 Dimple Arcade Ground Floor Asha Nagar Kandivali East Off W E Highway Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2017, the company reported a revenue of ₹573.15 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹7.06 Lakh (net margin 0%) and EBITDA of ₹7.52 Lakh (EBITDA margin 0%).
The last known website on record is caharshilshah.com.
Company details
Contact details
Downtown Retail Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address114 Dimple Arcade Ground Floor Asha Nagar Kandivali East Off W E Highway Mumbai, Maharashtra, India – 400101
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Downtown Retail Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Downtown Retail is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Downtown Retail Private Limited, buy the company report.
Financials of Downtown Retail Private Limited
FY 2017 filings availableDowntown Retail Private Limited reported revenue of ₹573.15 Cr (up 31% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 31% in the latest year. EBITDA rose 85% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹7.52 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹7.06 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Inventories | |||
| Trade Receivables | |||
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Financial Ratios
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0% | ||
| Net Profit Margin | 0% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Downtown Retail Private Limited, buy the company report.
Board of directors of Downtown Retail Private Limited
Downtown Retail has 2 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhupeshkumar Shah Shyamlal | Director | 19 Sep 2017 | 9 Years 1 Months | As last reported |
| Ritu Harshil Shah | Director | 20 May 2016 | 10 Years 5 Months | As last reported |
Peer comparison
Downtown Retail Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GRG Cosmetics Private Limited | ₹587.91 Cr (FY 2025) | -8.0% | Delhi, India | |||
| Putpex Commercial Trade Private Limited | ₹585.38 Cr (FY 2023) | -17.0% | Ahmedabad, Gujarat, India | |||
| Deepak Impex Private Limited | ₹574.93 Cr (FY 2025) | 105.0% | Ahmedabad, Gujarat, India | |||
| Downtown Retail Private Limitedthis company | ₹573.15 Cr (FY 2017) | ₹7.06 Lakh | 0% | 31.0% | Mumbai, Maharashtra, India | |
| Zilingo Global Private Limited | ₹543.86 Cr (FY 2021) | 278.0% | Bangalore, Karnataka, India | |||
| THPL Wholesalers & Consolidators Private Limited | ₹529.86 Cr (FY 2017) | 62.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Downtown Retail Private Limited, buy the company report.
Auditor
Downtown Retail Private Limited is audited by B. K. A. & Co. for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. A. & Co. | FY 2015 |
Shareholding
The shareholding of Downtown Retail Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Downtown Retail Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Downtown Retail Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Downtown Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Downtown Retail has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Downtown Retail Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Downtown Retail Private Limited has 16 board changes on record since 2008: 2 appointments and 14 cessations. The latest: Bhupeshkumar Shah Shyamlal ceased to be Additional Director on 30 Sep 2017.
7 earlier events are in the company report.
Frequently asked questions
Downtown Retail has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Downtown Retail was a private limited company based in Mumbai, Maharashtra, India. The company worked in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 18 March 2008 and is registered under CIN U52100MH2008PTC180235. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Downtown Retail was incorporated on 18 March 2008. It is registered with the Registrar of Companies, Mumbai.
Downtown Retail had 2 directors:
- Bhupeshkumar Shah Shyamlal - Director
- Ritu Harshil Shah - Director
The CIN (Corporate Identification Number) of Downtown Retail is U52100MH2008PTC180235. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Downtown Retail is at 114 Dimple Arcade Ground Floor Asha Nagar Kandivali East Off W E Highway Mumbai, Maharashtra, India – 400101.
Downtown Retail can be reached through the website caharshilshah.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Downtown Retail on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 30 September 2017. Year-wise statements from 2015 are in the company report.
Downtown Retail operated in the home and lifestyle industry, in the textile retail and distribution segment.
The peers of Downtown Retail by revenue are GRG Cosmetics Private Limited, Putpex Commercial Trade Private Limited, Deepak Impex Private Limited, Zilingo Global Private Limited, THPL Wholesalers & Consolidators Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Bhupeshkumar Shah Shyamlal ceased to be Additional Director on 30 Sep 2017. Bhavesh Dhanvantrai Shah ceased to be Additional Director on 19 Sep 2017. Bhupeshkumar Shah Shyamlal was appointed as Director on 19 Sep 2017. Downtown Retail has 16 board changes on record in total.
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