Localmarket Retails Limited
About Localmarket Retails Limited
Data last updated:
Localmarket Retails Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 28 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PLC076985. Its GSTIN is 29AACCL7643M1ZX (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Sudharani Potturi and Chekuri Raju Venkata Satya Naga Narasimha.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.7 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹13,481 (net margin -2.4%) and EBITDA of ₹8,272 (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 33% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Localmarket Retails Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 63/64 2nd Main 3rd Cross Opp Masjid E Subhania & Arabic School Kattigenahal, Li, Bangalore, Karnataka, India – 560064
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Localmarket Retails 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 Localmarket Retails is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Localmarket Retails Limited, buy the company report.
Financials of Localmarket Retails Limited
FY 2025 filings availableLocalmarket Retails Limited reported revenue of ₹5.7 Lakh (up 81962% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years. EBITDA rose 292% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹8,272 | ||||
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| Net Profit (PAT) | -₹13,481 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -2.4% | ||||
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To see the full financial statements and ratios of Localmarket Retails Limited, buy the company report.
Board of directors of Localmarket Retails Limited
Localmarket Retails has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudharani Potturi | Director | 28 Oct 2014 | 11 Years 11 Months | Current |
| Chekuri Raju Venkata Satya Naga Narasimha | Director | 28 Oct 2014 | 11 Years 11 Months | Current |
| Appala Potturi Narasimha Raju | Director | 28 Oct 2014 | 11 Years 11 Months | Current |
Auditor
Localmarket Retails Limited is audited by B PRAKASH REDDY & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B PRAKASH REDDY & CO | FY 2020 | 013266S |
Shareholding
The shareholding of Localmarket Retails Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Localmarket Retails Limited, buy the company report.
Legal cases
No court or tribunal cases involving Localmarket Retails 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 Localmarket Retails Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Localmarket Retails has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCL7643M1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Localmarket Retails Limited, buy the company report.
Recent activity
Localmarket Retails Limited has 3 board changes on record since 2014: 3 appointments. The latest: Appala Potturi Narasimha Raju was appointed as Director on 28 Oct 2014.
Frequently asked questions
Localmarket Retails is an active public limited company based in Bangalore, Karnataka, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 28 October 2014 (12+ years old) and is registered under CIN U74900KA2014PLC076985.
Localmarket Retails has 3 current directors:
- Sudharani Potturi - Director
- Chekuri Raju Venkata Satya Naga Narasimha - Director
- Appala Potturi Narasimha Raju - Director
The latest financial statements of Localmarket Retails on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Localmarket Retails is 29AACCL7643M1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Localmarket Retails is U74900KA2014PLC076985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Localmarket Retails was incorporated on 28 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Appala Potturi Narasimha Raju was appointed as Director on 28 Oct 2014. Chekuri Raju Venkata Satya Naga Narasimha was appointed as Director on 28 Oct 2014. Sudharani Potturi was appointed as Director on 28 Oct 2014.
The registered office of Localmarket Retails is at No. 6364 2nd Main 3rd Cross Opp Masjid E Subhania & Arabic School Kattigenahal, Li, Bangalore, Karnataka, India – 560064.
Localmarket Retails operates in the food and beverages industry, in the food and beverage retail and distribution segment.
The compliance status of Localmarket Retails is compliant as of 17 August 2026. The company is actively filing with the Registrar of Companies.