MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0175580
Aetas Retail Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹288.24 Cr
▲ 76% YoY
Net profit · FY 2025
₹1.84 Cr
Net margin 0.6%
EBITDA · FY 2025
₹15.85 Cr
EBITDA margin 5.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.64 Cr
Issued & subscribed
Open charges
₹234 Cr
Secured borrowings
Company age
13 yrs
Est. 2013
Employees · EPFO
89
Provident fund records
About Aetas Retail Private Limited
Data last updated:
Aetas Retail Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online watches and jewelry retail segment of the e-commerce sector. It was incorporated on 20 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52300MH2013PTC241123. Its GSTIN is 27AALCA4443P1Z5 (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.64 Cr. It is led by directors Bharat Nirmal Kapoor and Gaurav Dilip Bhatia.
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 Grd Floor Kanchwala Palace No. 204 Waterfield Road Bandra – West, Mumbai, Maharashtra, India – 400050.
As per the financials filed for FY 2025, the company reported a revenue of ₹288.24 Cr, a growth of 76% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 0.6%) and EBITDA of ₹15.85 Cr (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 33% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Art of Time. As per MCA filings, the company has open charges of ₹234 Cr on record. The company has 19 deals on record (6 funding rounds, 6 rights issues, 4 secondary share transfers), with disclosed funding of ₹306.56 Cr; the latest was in October 2025. Its 5 peer companies in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 4 larger and 1 smaller; the largest is Just-In-Time Trading Private Limited with revenue of ₹364.09 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2021, listing 13 overdue payments to 7 micro and small suppliers.
Aetas Retail Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0175580). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website artoftimeindia.com.
Company details
CIN U52300MH2013PTC241123
Registration Number 241123
Incorporation Date 20 March 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0175580
Recognitions & Rankings of Aetas Retail
Contact details
Aetas Retail Private Limited's registered office is in Mumbai, Maharashtra. Its website is artoftimeindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGrd Floor Kanchwala Palace No. 204 Waterfield Road Bandra – West, Mumbai, Maharashtra, India – 400050
- IndustryE-Commerce, Online Watches & Jewelry Retail
To see the full contact details of Aetas Retail Private Limited, buy the company report.
Comprehensive company report
Aetas Retail Private 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
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Brands
Aetas Retail operates one associated brand: Art of Time. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retailing of luxury watches and jewellery from leading brands in India. | artoftimeindia.com |
Business activity
The main business activity of Aetas Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Aetas Retail Private Limited, buy the company report.
Financials of Aetas Retail Private Limited
FY 2025 filings availableAetas Retail Private Limited reported revenue of ₹288.24 Cr (up 76% YoY) for FY 2025.
Revenue · FY 2025
₹288.24 Cr ▲ 76%
Net profit · FY 2025
₹1.84 Cr margin 0.6%
EBITDA · FY 2025
₹15.85 Cr margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 76%
5 years · compounded
▲ 33%
EBITDA CAGR growth
1 year
▲ 210%
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 76% growth in the latest year. EBITDA rose 210% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹288.24 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.84 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Aetas Retail Private Limited, buy the company report.
Board of directors of Aetas Retail Private Limited
Aetas Retail has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Nirmal Kapoor | Director | 20 Mar 2013 | 13 Years 7 Months | Current |
| Gaurav Dilip Bhatia | Director | 05 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Aetas Retail Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Just-In-Time Trading Private Limited | ₹364.09 Cr (FY 2025) | 39.0% | Mumbai, Maharashtra, India | |||
| V - Retail Limited | ₹336.63 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Iconic Fashion Retailing Private Limited | ₹319.56 Cr (FY 2025) | 1.0% | Jaipur, Rajasthan, India | |||
| Ar A S Appliances Private Limited | ₹291.78 Cr (FY 2022) | 19.0% | Madurai, Tamil Nadu, India | |||
| Aetas Retail Private Limitedthis company | ₹288.24 Cr (FY 2025) | ₹1.84 Cr | 0.6% | 76.0% | 89 | Mumbai, Maharashtra, India |
| Forever New Apparels Private Limited | ₹273.06 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Aetas Retail Private Limited, buy the company report.
Auditor
Aetas Retail Private Limited is audited by NPV & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NPV & Associates | FY 2025 | 129408W |
Shareholding
The shareholding of Aetas Retail Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aetas Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
₹234 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2026 | 101268514 | Others | ₹54 Cr | Open | |
| 19 Oct 2024 | 101007222 | Others | ₹165 Cr | Open | |
| 13 Jan 2023 | 100717135 | Hdfc Bank Limited | ₹15 Cr | Open |
To see the full charge records of Aetas Retail Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Aetas Retail Private Limited has 19 deals on record (6 funding rounds, 6 rights issues, 4 secondary share transfers), with disclosed funding of ₹306.56 Cr; the latest was in October 2025.
Total deals
19
Funding rounds
6
Rights issues
6
Secondary share transfers
4
Convertible or debt financings
3
Disclosed funding
₹306.56 Cr
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Funding round | ₹100.01 Cr | Investors: Aeroquest Dynamics LLP , Clyde Hill Advisors LLP |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Augusta Consultants and Advisors Private Limited , 3 individuals Seller: Ajmer Trading Private Limited , Maa Creation Private Limited, Luxury Online Retail India Private Limited , an individual |
| Mar 2024 | Rights issue | ₹42 Cr | Investors: 4 individuals |
| Mar 2023 | Funding round | ₹14.33 Cr | Investors: Luxury Online Retail India Private Limited , Maa Creation Private Limited, Ajmer Trading Private Limited |
| Jul 2019 | Rights issue | ₹2.69 Cr | Investors: Augusta Consultants and Advisors Private Limited , 3 individuals |
To see the full deal history of Aetas Retail Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Aetas 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
Aetas Retail Private Limited has 6 MSME Form 1 returns on record between 2020 and 2021, listing 13 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B V C Logistics Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Kooverji Devshi & Co. Private Limited | |||
| D.S. Mittle & Co India Pvt Ltd |
To see the full MSME payment records of Aetas Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aetas Retail Private Limited has a workforce of 89 employees on its EPFO records as of Nov 24, 2025, across 1 active EPFO establishment.
Employee count
89
Active EPFO establishments
1
Employee growth
21.92%
GST
Aetas Retail has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCA4443P1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AALCA4443P2Z4 | Maharashtra | Active | 20 May 2025 |
| 33AALCA4443P1ZC | Tamil Nadu | Active | 20 Apr 2022 |
| 29AALCA4443P1Z1 | Karnataka | Active | 09 Oct 2023 |
To see the full GST registrations and return filing status of Aetas Retail Private Limited, buy the company report.
Recent activity
Aetas Retail Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Gaurav Dilip Bhatia was appointed as Director on 05 Jan 2023.
Charges
A charge with Others of Rs. 54.00 Cr registered on 13 Mar 2026 with Charge ID 101268514 was modified on 29 Jun 2026.
Charges
A charge with Others of Rs. 165.00 Cr registered on 19 Oct 2024 with Charge ID 101007222 was modified on 29 Jun 2026.
Charges
A charge with Others amounted to Rs. 54.00 Cr with Charge ID 101268514 was registered on 13 Mar 2026.
AGM
Aetas Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Aetas Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 165.00 Cr with Charge ID 101007222 was registered on 19 Oct 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 15.00 Cr registered on 13 Jan 2023 with Charge ID 100717135 was modified on 30 Nov 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.00 Cr with Charge ID 100717135 was registered on 13 Jan 2023.
Appointed
Gaurav Dilip Bhatia was appointed as Director.
Ceased
Bhavesh Gunvantrai Kothari ceased to be Additional Director.
Ceased
Pankaj Laxmichand Savla ceased to be Additional Director.
Ceased
Ketki Gaurav Bhatia ceased to be Director.
4 earlier events are in the company report.
Frequently asked questions
Aetas Retail is an active private limited company based in Mumbai, Maharashtra, India. The company works in online watches and jewelry retail, within the e-commerce industry. It was incorporated on 20 March 2013 (13+ years old) and is registered under CIN U52300MH2013PTC241123.
Aetas Retail has 2 current directors:
- Bharat Nirmal Kapoor - Director
- Gaurav Dilip Bhatia - Director
The latest financial statements of Aetas Retail 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 Aetas Retail is 27AALCA4443P1Z5, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 27AALCA4443P2Z4 (Maharashtra), 33AALCA4443P1ZC (Tamil Nadu), 29AALCA4443P1Z1 (Karnataka).
The CIN (Corporate Identification Number) of Aetas Retail is U52300MH2013PTC241123. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aetas Retail was incorporated on 20 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Aetas Retail has 19 deals on record (6 funding rounds, 6 rights issues, 4 secondary share transfers), with disclosed funding of ₹306.56 Cr; the latest was in October 2025.
The peers of Aetas Retail by revenue are Just-In-Time Trading Private Limited, V - Retail Limited, Iconic Fashion Retailing Private Limited, Ar A S Appliances Private Limited, Forever New Apparels Private Limited, all in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading).
Gaurav Dilip Bhatia was appointed as Director on 05 Jan 2023. Bhavesh Gunvantrai Kothari ceased to be Additional Director on 31 Dec 2020. Pankaj Laxmichand Savla ceased to be Additional Director on 18 Dec 2019. Aetas Retail has 7 board changes on record in total.
Yes, Aetas Retail is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0175580).
Aetas Retail has 6 MSME Form 1 returns on record between 2020 and 2021, listing 13 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Oct 2021.
Aetas Retail can be reached through the website artoftimeindia.com. Its registered office is in Mumbai, Maharashtra, India.