About Savis Retail Private Limited
Data last updated:
Savis Retail Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Supermarket Grocery Supplies Private Limited and recognised as a startup by DPIIT. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 19 October 2016.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC097228. Its GSTIN is 29AAXCS7234E1ZR (Karnataka). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹7.56 Cr. It is led by directors including Menon Hari and Vipul Mahendra Parekh.
Its last annual general meeting (AGM) was held on 07 June 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1st Floor No.7/3 Old Madras Road Above Hdfc Bank C V Raman Nagar, Bangalore, Karnataka, India – 560093.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.37 Lakh, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹33.52 Lakh and EBITDA of -₹33.52 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 66% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kwik24. The company has 9 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16.22 Cr; the latest was in April 2022. Its 10 peer companies in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Machinery and Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Unimetal Devices Private Limited with revenue of ₹1.38 Lakh. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 31 overdue payments to 6 micro and small suppliers.
The last known website on record is kwik24.com.
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- Registered Address1st Floor No.7/3 Old Madras Road Above Hdfc Bank C V Raman Nagar, Bangalore, Karnataka, India – 560093
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
- 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
- One PDF report, delivered after checkout
Financials of Savis Retail Private Limited FY 2024 filings available
Savis Retail Private Limited reported revenue of ₹1.37 Lakh (down 94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Savis Retail Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 94% fall in the latest year. EBITDA fell 316% 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 of Savis Retail Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.37 Lakh | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹33.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹33.52 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Savis Retail Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Savis Retail are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Savis Retail Private Limited
Savis Retail Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Machinery and Equipment Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unimetal Devices Private Limited | ₹1.38 Lakh (FY 2024) | •••• | •••• | 21.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Kiaan Associates Private Limited | ₹1.38 Lakh (FY 2025) | •••• | •••• | -86.0% | •••• | Delhi, India |
| Hariom Sales Private Limited | ₹1.38 Lakh (FY 2018) | •••• | •••• | -93.0% | •••• | Ahmedabad, Gujarat, India |
| Rock Electronics India Private Limited | ₹1.37 Lakh (FY 2025) | •••• | •••• | •••• | Ghaziabad, Uttar Pradesh, India | |
| Amberroot Systems Private Limited | ₹1.37 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Savis Retail Private Limited this company | ₹1.37 Lakh (FY 2024) | •••• | •••• | -94.0% | •••• | Bangalore, Karnataka, India |
| Rei Electronics Private Limited | ₹1.37 Lakh (FY 2016) | •••• | •••• | -97.0% | •••• | Mysore, Karnataka, India |
| Prosperity Lighting India Private Limited | ₹1.36 Lakh (FY 2024) | •••• | •••• | •••• | Ernakulam, Kerala, India | |
| Woodstock Electronics Private Limited | ₹1.36 Lakh (FY 2021) | •••• | •••• | -52.0% | •••• | Bangalore, Karnataka, India |
| Freq U Technologies Private Limited | ₹1.35 Lakh (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Neocell Industries Private Limited | ₹1.35 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Savis Retail by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Machinery and Equipment Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Savis Retail Private Limited
Savis Retail Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Savis Retail Private Limited
Savis Retail has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Menon Hari | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Vipul Mahendra Parekh | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Srilakshmi Purushotham | Irp/Rp/Liquidator | 23 Jul 2024 | 2 Years 2 Months | As last reported |
Ownership and Shareholding of Savis Retail Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Savis Retail Private Limited
Savis Retail Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Savis Retail Private Limited
Savis Retail Private Limited has 9 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16.22 Cr; the latest was in April 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Acquisition | ₹7.5 Cr | Buyer: Supermarket Grocery Supplies Private Limited |
| Jan 2020 | Funding round · Series B | ₹8.39 Cr | Investors: Supermarket Grocery Supplies Private Limited |
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Supermarket Grocery Supplies Private Limited , Supermarket Grocery Supplies Private Limited & Vipul M Parekh Seller: 2 individuals |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Supermarket Grocery Supplies Private Limited Seller: Fireside Ventures, 3 individuals |
| Sep 2018 | Acquisition | ₹30 Cr | Buyer: Supermarket Grocery Supplies Private Limited |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Savis Retail Private Limited
Savis Retail Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 31 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rednile Innovations Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ecore | •••• | •••• | •••• |
| Wifi-Soft Services | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Savis Retail Private Limited
Savis Retail operates one associated brand: Kwik24. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT-enabled smart vending machines are provided for app-based food purchases. | kwik24.com |
Employees and EPFO Compliance at Savis Retail Private Limited
Savis Retail Private Limited has a workforce of 42 employees as of Mar 26, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Savis Retail Private Limited
Recent Activity on Savis Retail Private Limited
Savis Retail Private Limited has 10 board changes on record since 2017: 3 appointments and 7 cessations. The latest: Srilakshmi Purushotham was appointed as Irp/Rp/Liquidator on 23 Jul 2024.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Savis Retail Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Savis Retail Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Savis Retail Private Limited
Savis Retail has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAXCS7234E1ZR | Karnataka | Active | 01 Jul 2017 |
| 09AAXCS7234E1ZT | Uttar Pradesh | Active | 26 Mar 2019 |
| 27AAXCS7234E1ZV | Maharashtra | Active | 05 Jul 2019 |
| 33AAXCS7234E1Z2 | Tamil Nadu | Active | 09 Aug 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Savis Retail Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Savis Retail Private Limited
Savis Retail is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Savis Retail is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 19 October 2016 and is registered under CIN U74999KA2016PTC097228. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Savis Retail reported revenue of ₹1.37 Lakh for FY 2024 (down 94% YoY).
Savis Retail has 3 current directors:
- Menon Hari - Director
- Vipul Mahendra Parekh - Director
- Srilakshmi Purushotham - Irp/Rp/Liquidator
Savis Retail reported a net loss of ₹33.52 Lakh and EBITDA of -₹33.52 Lakh for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Savis Retail is -87% over three years and -66% over five years. In the latest year (FY 2024) revenue fell 94%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Savis Retail is U74999KA2016PTC097228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Savis Retail was incorporated on 19 October 2016. It is registered with the Registrar of Companies, Bangalore.
Savis Retail has 9 deals on record (3 funding rounds, 3 secondary share transfers, 2 acquisitions), with disclosed funding of ₹16.22 Cr; the latest was in April 2022.
The peers of Savis Retail by revenue are Unimetal Devices Private Limited, Kiaan Associates Private Limited, Hariom Sales Private Limited, Rock Electronics India Private Limited, Amberroot Systems Private Limited and 5 more, all in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Machinery and Equipment Retail and Distribution).
Srilakshmi Purushotham was appointed as Irp/Rp/Liquidator on 23 Jul 2024. Neeraj Ray ceased to be Director on 17 Jan 2022. Menon Hari ceased to be Additional Director on 18 Sep 2018. Savis Retail has 10 board changes on record in total.
Yes, Savis Retail is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).