Aayush Wellness Limited - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L01122MH1984PLC463364 Incorporated 02 June 1984 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 539528 Public Limited Company food and beverages MSME · Medium
Data last updated
Market Cap
₹119 Cr
AAYUSH · BSE
Share Price
₹24.81
+1.35% today
Revenue
₹155 Cr
FY 2025-26 · +112.0% YoY
EBITDA
₹1.82 Cr
Margin 1.2%
Net Profit
₹3.96 Cr
FY 2025-26 · +17.2% YoY
P/E (TTM)
28.7x
P/B 9.9x
ROE
38.8%
ROCE 34.8%
Debt / Equity
0.23
Interest cover 0.6x

About Aayush Wellness Limited

Data last updated:

Aayush Wellness Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 02 June 1984 and has been in existence for over 42 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L01122MH1984PLC463364. The company has 4 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 539528.

The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹4.87 Cr. It was formerly known as Patanjali Food and Herbs Limited and Arihant Properties and Plantation Limited. It is led by directors including Naveenakumar Gangayya Kunjaru (Managing Director) and Lalitkumar Anande.

Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at B – 402 4th Floor Takshashila, Plot No. 1 Samant Estate Goregaon East Mumbai, Maharashtra, India – 400063.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹155.48 Cr, a growth of 112% compared to the previous year. For the same year it recorded a net profit of ₹3.96 Cr (net margin 2.5%) and EBITDA of ₹1.82 Cr (EBITDA margin 1.2%). The net worth stands at ₹12.26 Cr (up 48.1% YoY). Total assets are valued at ₹17 Cr (up 104.1% YoY).

The company has about 2 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Aayush Food & Herbs. As per MCA filings, the company has satisfied charges of ₹10.6 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 58 deals on record (58 market trades); the latest was in January 2026. Its 3 peer companies in the Healthcare industry (Preventive Healthcare Supplements), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 1 smaller; the largest is Sophoi Industries Private Limited with revenue of ₹87.54 Lakh.

Aayush Wellness Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-10-0011183). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aayushfoods.com.

Company details

CIN L01122MH1984PLC463364
Registration Number 463364
Incorporation Date 02 June 1984
ROC Mumbai
Listing Status Listed - Listed on BSE (539528)
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HR-10-0011183

Name history

Aayush Wellness has undergone 3 name changes throughout its history. The company was previously known as Patanjali Food And Herbs Limited, Arihant Properties And Plantation Limited, and Maa Kamakhya Ayurveda Limited. The current legal name is Aayush Wellness Limited.

Company NameStatus
Aayush Wellness LimitedCurrent
Patanjali Food And Herbs LimitedPrevious
Arihant Properties And Plantation LimitedPrevious
Maa Kamakhya Ayurveda LimitedPrevious

CIN history

Aayush Wellness has one previous CIN (Corporate Identification Number): L01122DL1984PLC018307. The current CIN is L01122MH1984PLC463364, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L01122MH1984PLC463364Current
L01122DL1984PLC018307Previous

Recognitions & Rankings of Aayush Wellness

MSME (Udyam registered) Ministry of MSME
Category
Medium (2026-27)
Udyam number
UDYAM-HR-10-0011183

Contact details

Aayush Wellness Limited's registered office is in Mumbai, Maharashtra.

  • Social Media
  • Registered Address
    B – 402 4th Floor Takshashila, Plot No. 1 Samant Estate Goregaon East Mumbai, Maharashtra, India – 400063
  • Industry
    Food and Beverages, Food & Beverage Retail & Distribution
Comprehensive company report
Aayush Wellness Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Aayush Wellness operates one associated brand: Aayush Food & Herbs. Each brand links to its own profile.

BrandDescriptionWebsite
Rice varieties are procured from India and exported globally.aayushfoods.com

Business activity

The main business activity of Aayush Wellness is trade. In detail, this covers wholesale trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading

To see the full business activity and turnover split of Aayush Wellness Limited, buy the company report.

Financials of Aayush Wellness Limited

FY 2025-26 filings available

Aayush Wellness Limited reported revenue of ₹155.48 Cr (up 112% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹155 Cr
+112.0% YoY
EBITDA
₹1.82 Cr
-45.7% YoY
Profit After Tax
₹3.96 Cr
+17.2% YoY
Net Worth
₹12.26 Cr
+48.1% YoY
Total Assets
₹17.00 Cr
+104.1% YoY
Total Debt
₹4.74 Cr
+9380.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue15573.350.60
Revenue growth+112.0%--
EBITDA1.823.350.37
EBITDA margin+1.2%+4.6%+61.7%
Profit before tax4.393.390.61
Net profit3.963.380.59
Net profit margin+2.6%+4.6%+98.3%
EPS (₹)0.820.691.76
Balance sheet
Total assets17.008.334.92
Net worth12.268.284.92
Total debt4.740.050.00
Cash & bank2.270.400.05
Net working capital6.971.140.49
Cash flow
Cash from operations(0.72)0.38(0.57)
Cash from investing2.58(0.03)0.00
Cash from financing0.000.000.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.1148.4144.5339.9122.6322.3525.6314.28
Revenue growth (YoY)+46.3%+116.6%+73.7%+179.5%+104.2%---
Other income0.650.650.650.650.650.020.000.00
EBITDA0.780.350.410.560.511.191.090.92
EBITDA margin+2.4%+0.7%+0.9%+1.4%+2.3%+5.3%+4.3%+6.4%
Depreciation0.010.010.010.010.010.000.000.00
Interest0.000.000.000.000.000.100.000.00
Profit before tax1.420.991.051.201.151.111.090.92
Tax0.000.430.000.000.000.010.000.00
Net profit1.420.561.051.201.151.101.090.92
EPS (₹)0.290.120.220.250.240.220.220.28
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue15573.350.608.1017.46152127
Revenue growth+111.9%--92.6%-53.6%-88.5%+19.0%-
EBITDA1.863.350.37(0.80)(1.96)2.081.83
EBITDA margin+1.2%+4.6%+61.7%-9.9%-11.2%+1.4%+1.4%
Profit before tax4.433.390.61(0.34)(2.10)0.590.83
Net profit4.003.380.59(0.41)(2.05)0.430.61
Net profit margin+2.6%+4.6%+98.3%-5.1%-11.7%+0.3%+0.5%
EPS (₹)0.830.691.76(1.06)(6.40)1.311.92
Balance sheet
Total assets16.358.334.924.419.709.0017.90
Net worth12.308.284.924.414.756.816.38
Total debt4.050.050.000.004.952.2011.52
Cash & bank0.590.400.050.620.770.273.15
Net working capital5.301.140.492.759.388.1916.94
Cash flow
Cash from operations(1.39)0.38(0.57)4.62(2.69)6.46(9.94)
Cash from investing1.58(0.03)0.000.180.44(0.01)(0.21)
Cash from financing0.000.000.00(4.95)2.75(9.33)10.69
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.0748.4044.5139.9122.6322.3525.6314.28
Revenue growth (YoY)+6.4%+116.6%+73.7%+179.5%+104.2%---
Other income0.650.650.650.650.650.020.000.00
Total expenses23.5148.0044.1239.3422.1221.2624.5413.36
EBITDA0.560.400.390.570.511.091.090.92
EBITDA margin+2.3%+0.8%+0.9%+1.4%+2.3%+4.9%+4.3%+6.4%
Depreciation0.010.010.010.010.010.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax1.201.041.031.211.151.111.090.92
Tax0.000.430.000.000.000.010.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue33.1148.4144.5339.9122.6322.3525.6314.28
Revenue growth (YoY)+46.3%+116.6%+73.7%+179.5%+104.2%---
Other income0.650.650.650.650.650.020.000.00
EBITDA0.780.350.410.560.511.191.090.92
EBITDA margin+2.4%+0.7%+0.9%+1.4%+2.3%+5.3%+4.3%+6.4%
Depreciation0.010.010.010.010.010.000.000.00
Interest0.000.000.000.000.000.100.000.00
Profit before tax1.420.991.051.201.151.111.090.92
Tax0.000.430.000.000.000.010.000.00
Net profit1.420.561.051.201.151.101.090.92
EPS (₹)0.290.120.220.250.240.220.220.28
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue15573.350.60
Revenue growth+112.0%--
Other income2.610.040.24
Total expenses15470.000.23
Employee cost0.420.280.07
EBITDA1.823.350.37
EBITDA margin+1.2%+4.6%+61.7%
Depreciation0.030.000.00
Interest0.010.000.00
Profit before tax4.393.390.61
Tax0.430.010.02
Net profit3.963.380.59
Net profit margin+2.6%+4.6%+98.3%
EPS (₹)0.820.691.76
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital4.874.873.25
Reserves & surplus7.393.411.67
Shareholders' funds (net worth)12.268.284.92
Minority interest0.000.000.00
Secured loans0.000.000.00
Unsecured loans4.740.050.00
Total debt4.740.050.00
Total liabilities17.008.334.92
Assets
Gross block0.300.270.11
Net block0.170.160.00
Capital work in progress0.000.000.00
Investments0.000.000.00
Inventories0.670.190.00
Sundry debtors0.150.210.02
Cash & bank balances2.270.400.05
Loans & advances4.400.660.49
Total current assets7.491.460.56
Total current liabilities0.520.320.07
Net working capital6.971.140.49
Total assets17.008.334.92
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.400.050.62
Net cash from operating activities(0.72)0.38(0.57)
Net cash from investing activities2.58(0.03)0.00
Net cash from financing activities0.000.000.00
Net change in cash1.860.35(0.57)
Closing cash2.270.400.05
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+112.0%--
EBITDA growth-45.7%+805.4%-
PBT growth+29.5%+455.7%+9997.0%
Net income growth+17.2%+472.9%-
Profitability & leverage
Net income margin+2.6%+4.6%+98.3%
Return on capital employed+34.8%+51.0%+12.0%
Return on net worth+38.8%+51.1%+11.6%
Debt / equity0.230.000.00
Long-term debt / equity0.000.000.00
Interest cover0.560.000.00
Efficiency & per share
Fixed asset turnover545.54386.055.45
Inventory turnover361.58772.110.00
Debtors turnover863.78637.8330.00
EPS (₹)0.820.691.76
Dividend per share (₹)0.030.010.00
Book value per share (₹)2.521.7015.15
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.0748.4044.5139.9122.6322.3525.6314.28
Revenue growth (YoY)+6.4%+116.6%+73.7%+179.5%+104.2%---
Other income0.650.650.650.650.650.020.000.00
Total expenses23.5148.0044.1239.3422.1221.2624.5413.36
EBITDA0.560.400.390.570.511.091.090.92
EBITDA margin+2.3%+0.8%+0.9%+1.4%+2.3%+4.9%+4.3%+6.4%
Depreciation0.010.010.010.010.010.000.000.00
Interest0.000.000.000.000.000.000.000.00
Profit before tax1.201.041.031.211.151.111.090.92
Tax0.000.430.000.000.000.010.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue15573.350.608.1017.46152127
Revenue growth+111.9%--92.6%-53.6%-88.5%+19.0%-
Other income2.610.040.240.550.630.010.09
Total expenses15470.000.238.9019.42150126
Employee cost0.350.280.070.220.330.590.63
EBITDA1.863.350.37(0.80)(1.96)2.081.83
EBITDA margin+1.2%+4.6%+61.7%-9.9%-11.2%+1.4%+1.4%
Depreciation0.030.000.000.030.070.140.10
Interest0.010.000.000.060.701.360.99
Profit before tax4.433.390.61(0.34)(2.10)0.590.83
Tax0.430.010.020.00(0.02)0.160.22
Net profit4.003.380.59(0.41)(2.05)0.430.61
Net profit margin+2.6%+4.6%+98.3%-5.1%-11.7%+0.3%+0.5%
EPS (₹)0.830.691.76(1.06)(6.40)1.311.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital4.874.873.253.253.253.253.25
Reserves & surplus7.433.411.671.161.503.563.13
Shareholders' funds (net worth)12.308.284.924.414.756.816.38
Secured loans0.000.000.000.000.000.000.00
Unsecured loans4.050.050.000.004.952.2011.52
Total debt4.050.050.000.004.952.2011.52
Total liabilities16.358.334.924.419.709.0017.90
Assets
Gross block0.300.270.110.110.501.241.23
Net block0.170.160.000.010.310.820.95
Capital work in progress0.000.000.000.000.000.000.00
Investments1.010.010.000.000.000.000.00
Inventories0.670.190.000.006.369.2337.65
Sundry debtors0.150.210.021.322.8924.143.33
Cash & bank balances0.590.400.050.620.770.273.15
Loans & advances4.400.660.490.890.801.871.36
Total current assets5.811.460.562.8310.8235.5145.49
Total current liabilities0.510.320.070.081.4427.3228.55
Net working capital5.301.140.492.759.388.1916.94
Total assets16.358.334.924.419.709.0017.90
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash0.400.050.620.770.273.152.60
Net cash from operating activities(1.39)0.38(0.57)4.62(2.69)6.46(9.94)
Net cash from investing activities1.58(0.03)0.000.180.44(0.01)(0.21)
Net cash from financing activities0.000.000.00(4.95)2.75(9.33)10.69
Net change in cash0.180.35(0.57)(0.15)0.50(2.88)0.54
Closing cash0.590.400.050.620.770.273.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+111.9%--92.6%-53.6%-88.5%+19.0%-
EBITDA growth-44.5%+805.4%+146.3%+59.2%-194.2%+13.7%-
PBT growth+30.7%+455.7%+9998.0%+83.8%--28.9%0.0%
Net income growth+18.3%+472.9%+243.9%+80.0%-576.7%-29.5%-
Revenue CAGR (3Y)+167.7%+61.4%-84.2%-60.1%-49.0%-6.8%+8.4%
EBITDA CAGR (3Y)---43.8%-+190.4%+35.8%+112.8%
Profitability & leverage
Net income margin+2.6%+4.6%+98.3%-4.2%-11.9%+0.3%+0.5%
Return on capital employed+36.1%+51.0%+12.7%-5.0%-15.0%+14.4%+14.9%
Return on net worth+39.1%+51.1%+12.2%-9.0%-36.0%+6.4%+10.2%
Debt / equity0.200.000.000.540.621.041.02
Long-term debt / equity0.000.000.000.540.621.041.02
Interest cover0.550.000.00-7.23-34.4870.1057.23
Efficiency & per share
Fixed asset turnover545.44386.055.4526.5620.07122.75113.23
Inventory turnover361.51772.110.002.552.246.475.62
Debtors turnover863.61637.830.903.851.2911.049.53
EPS (₹)0.830.691.76(1.06)(6.40)1.311.92
Dividend per share (₹)0.030.010.000.000.000.000.00
Book value per share (₹)2.531.7015.1513.5814.6420.9719.66

To see the full year-wise statements and ratios of Aayush Wellness Limited, buy the company report.

Board of directors of Aayush Wellness Limited

Aayush Wellness has 7 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Lalitkumar AnandeDirector09 Feb 20242 Years 8 MonthsCurrent
Naveenakumar Gangayya KunjaruManaging Director13 Jun 20233 Years 4 MonthsCurrent
Gavadu Somana PatilDirector09 Feb 20242 Years 8 MonthsCurrent
Vishakha Umesh JadhavDirector17 Apr 20233 Years 6 MonthsCurrent
Pallavi MittalDirector13 Jan 20179 Years 9 MonthsCurrent
Dinesh Parmeswar DhangareAdditional Director31 Mar 20260 Years 6 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

Aayush Wellness Limited is compared with the 3 companies closest to it by revenue in the Healthcare industry (Preventive Healthcare Supplements), with the same principal business activity (wholesale trading), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Aayush Wellness Limitedthis company₹155.48 Cr (FY 2026)₹3.96 Cr2.5%112.0%Mumbai, Maharashtra, India
Sophoi Industries Private Limited₹87.54 Lakh (FY 2017)Mumbai, Maharashtra, India
Bestsource Nutrition Private Limited₹84 Lakh (FY 2025)27.0%Mumbai, Maharashtra, India
Bioatlantis India Private Limited₹82.31 Lakh (FY 2025)-21.0%New Delhi, Delhi, India

To see the full peer comparison of Aayush Wellness Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹10.6 Cr
Breakdown by lending institutions
Others₹10.60 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Dec 2019100310316Others₹10 CrSatisfied
18 Dec 2019100310341Others₹60 LakhSatisfied

To see the full charge records of Aayush Wellness Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Aayush Wellness Limited has 58 deals on record (58 market trades); the latest was in January 2026.

Total deals
58
Market trades
58

Deals on record (5 of 58)

WhenDealAmountParties
Jan 2026Market trade₹1.04 CrSeller: Neo Apex Venture LLP
Jan 2026Market trade₹2.79 CrBuyer: Neo Apex Venture LLP
Seller: Sarvagay Textile LLP
Dec 2025Market trade₹1.64 CrSeller: Sadhu Vintrade LLP
Nov 2025Market trade₹88.3 LakhSeller: Akarshika Traders LLP
Sep 2025Market trade₹4.97 CrBuyer: Neo Apex Venture LLP
Seller: Moonlight Multitrade LLP , Avance Ventures Private Limited , Neo Apex Venture LLP

To see the full deal history of Aayush Wellness Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Aayush Wellness Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Aayush Wellness has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
4
Cancelled / inactive
4

To see the full GST registrations and return filing status of Aayush Wellness Limited, buy the company report.

Recent activity

Aayush Wellness Limited has 37 board changes on record since 2007: 7 appointments and 30 cessations. The latest: Dinesh Parmeswar Dhangare was appointed as Additional Director on 31 Mar 2026.

Filing
Aayush Wellness Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Dinesh Parmeswar Dhangare was appointed as Additional Director.
Appointed
Kashiram Waman Jadhav was appointed as Additional Director.
AGM
Aayush Wellness Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Ceased
Naveenakumar Gangayya Kunjaru ceased to be Managing Director.
Ceased
Gavadu Somana Patil ceased to be Additional Director.
Ceased
Lalitkumar Anande ceased to be Additional Director.
Appointed
Gavadu Somana Patil was appointed as Director.
Appointed
Lalitkumar Anande was appointed as Director.
Ceased
Rajgopalan Srinivasa Iyengar ceased to be Additional Director.
Ceased
Sanjay Atmaram Devlekar ceased to be Additional Director.
Ceased
Vishakha Umesh Jadhav ceased to be Additional Director.

33 earlier events are in the company report.

Frequently asked questions

Aayush Wellness is an active public limited company based in Mumbai, Maharashtra, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 02 June 1984 (42+ years old) and is registered under CIN L01122MH1984PLC463364. Listed on BSE: 539528.

Aayush Wellness reported revenue of ₹155.48 Cr for FY 2025-26 (up 112% YoY) based on consolidated financials.

Aayush Wellness has 7 current directors:

The latest financial statements of Aayush Wellness on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.

No. Aayush Wellness has 4 GST registrations on record and all of them are cancelled or inactive.

The CIN (Corporate Identification Number) of Aayush Wellness is L01122MH1984PLC463364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Aayush Wellness is a listed company as per MCA records. Its shares are listed on BSE (code: 539528).

Aayush Wellness has 1 court case on record: 1 filed by the company.

Aayush Wellness was incorporated on 02 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.

Aayush Wellness has 58 deals on record (58 market trades); the latest was in January 2026.

The peers of Aayush Wellness by revenue are Sophoi Industries Private Limited, Bestsource Nutrition Private Limited, Bioatlantis India Private Limited, all in the Healthcare industry (Preventive Healthcare Supplements), with the same principal business activity (wholesale trading).