About Appario Retail Private Limited
Data last updated:
Appario Retail Private Limited was a private limited company based in New Delhi, Delhi, India, operated as a subsidiary of Frontizo Business Services 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 general e-commerce platforms segment of the e-commerce sector. It was incorporated on 19 October 2012.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U52590DL2012PTC243863. Its GSTIN is 07AALCA0171E1Z1 (Delhi). The company held 21 GST registrations, of which 19 are active.
The company had an authorised share capital of ₹275 Cr and a paid-up capital of ₹260 Cr. It was formerly known as Aristotle Sales and Marketing Private Limited. It was led by directors Sharath Narahari Belur and Srikant Sreeram Narasimhan.
Its last annual general meeting (AGM) was held on 05 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office was at Block E 14th Floor Unit Nos. 1401 To 1421, International Trade Tower Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2026, the company reported a revenue of ₹17 Cr, a decline of 100% compared to the previous year. For the same year it recorded a net profit of ₹3.1 Cr (net margin 18.2%) and EBITDA of ₹7.1 Cr (EBITDA margin 41.8%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 74% over five years.
The company had about 226 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Appario Retail. As per MCA filings, the company had satisfied charges of ₹1,400 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 4 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2017. Its 5 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 4 smaller; the largest is Cocoblu Retail Limited with revenue of ₹6,540.36 Cr. The company has 48 MSME Form 1 returns on record between 2019 and 2024, listing 2,873 overdue payments to 235 micro and small suppliers.
The last known website on record is appario.in.
Company details
Contact details
Appario Retail Private Limited's registered office is in New Delhi, Delhi. Its website is appario.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBlock E 14th Floor Unit Nos. 1401 To 1421, International Trade Tower Nehru Place, New Delhi, Delhi, India – 110019
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Appario 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
Brands
Appario Retail operates one associated brand: Appario Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retailer of electrical and electronic equipment | appario.in |
Business activity
The main business activity of Appario 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 Appario Retail Private Limited, buy the company report.
Financials of Appario Retail Private Limited
FY 2026 filings availableAppario Retail Private Limited reported revenue of ₹17 Cr (down 100% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 74% over five years. EBITDA rose 145% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | |||||
| EBITDA | ₹7.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.1 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.8% | ||||
| Net Profit Margin | 18.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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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 Appario Retail Private Limited, buy the company report.
Board of directors of Appario Retail Private Limited
Appario Retail has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharath Narahari Belur Also directs: Frontizo Business Services Private Limited | Director | 04 Apr 2026 | 0 Years 6 Months | As last reported |
| Srikant Sreeram Narasimhan | Director | 14 Jul 2025 | 1 Years 3 Months | As last reported |
Peer comparison
Appario Retail Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 |
|---|---|---|---|---|---|---|
| Cocoblu Retail Limited | ₹6,540.36 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Sane Retails Private Limited | ₹5,555.54 Cr (FY 2025) | 1.0% | Ambala, Haryana, India | |||
| Consulting Rooms Private Limited | ₹5,141.9 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| Tech-Connect Retail Private Limited | ₹4,609.47 Cr (FY 2025) | -12.0% | Gurgaon, Haryana, India | |||
| H & M Hennes & Mauritz Retail Private Limited | ₹3,612.44 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Appario Retail Private Limitedthis company | ₹17 Cr (FY 2026) | ₹3.1 Cr | 18.2% | -100.0% | 226 | New Delhi, Delhi, India |
To see the full peer comparison of Appario Retail Private Limited, buy the company report.
Auditor
Appario Retail Private Limited is audited by S.R. BATLIBOI & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & ASSOCIATES LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Appario Retail Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Appario Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2023 | 100706849 | Others | ₹150 Cr | Satisfied | |
| 09 Sep 2022 | 100612373 | Others | ₹100 Cr | Satisfied | |
| 03 Feb 2022 | 100537925 | Hdfc Bank Limited | ₹400 Cr | Satisfied | |
| 22 Nov 2017 | 100138954 | The Hongkong and Shanghai Banking Corporation Limited | ₹750 Cr | Satisfied |
To see the full charge records of Appario Retail Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Appario Retail Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Rights issue | ₹259.99 Cr | Investors: Frontizo Business Services Private Limited |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: Frontizo Business Services Private Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Appario Retail Private Limited has 9 court cases on record: 3 filed by Appario Retail, 6 filed against it. 4 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 2 |
| District courts | 4 | 4 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company | Pending |
| District court, North Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against Competition Commission of India and 1 other | Pending |
| District court, North West, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company | Disposed |
To see the full case history of Appario Retail Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Appario Retail Private Limited was last rated by Indiarating on 31 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 31 Dec 2021 |
To see the full credit ratings and regulatory alerts of Appario Retail Private Limited, buy the company report.
MSME payment delays
Appario Retail Private Limited has 48 MSME Form 1 returns on record between 2019 and 2024, listing 2,873 overdue payments to 235 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 235)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Welborn Industries Private Limited | |||
| Ageless Digital Technologies Private Limited | |||
| Zeblaze Solutions LLP | |||
| Indkal Technologies Private Limited |
To see the full MSME payment records of Appario Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Appario Retail Private Limited has a workforce of 226 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Appario Retail has 21 GST registrations: 19 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AALCA0171E1Z1 | Delhi | Active | 01 Jul 2017 |
| 29AALCA0171E1ZV | Karnataka | Active | 04 Sep 2017 |
| 06AALCA0171E1Z3 | Haryana | Active | 07 Sep 2017 |
| 27AALCA0171E1ZZ | Maharashtra | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Appario Retail Private Limited, buy the company report.
Recent activity
Appario Retail Private Limited has 13 board changes on record since 2017: 4 appointments and 9 cessations. The latest: Sharath Narahari Belur was appointed as Director on 04 Apr 2026.
14 earlier events are in the company report.
News
Frequently asked questions
Appario 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.
Appario Retail was a private limited company based in New Delhi, Delhi, India. The company worked in general e-commerce platforms, within the e-commerce industry. It was incorporated on 19 October 2012 and is registered under CIN U52590DL2012PTC243863. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Appario Retail was incorporated on 19 October 2012. It is registered with the Registrar of Companies, Delhi.
Appario Retail had 2 directors:
- Sharath Narahari Belur - Director
- Srikant Sreeram Narasimhan - Director
The CIN (Corporate Identification Number) of Appario Retail is U52590DL2012PTC243863. 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 Appario Retail is at Block E 14th Floor Unit Nos. 1401 To 1421, International Trade Tower Nehru Place, New Delhi, Delhi, India – 110019.
Appario Retail can be reached through the website appario.in. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Appario Retail on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Appario Retail is 07AALCA0171E1Z1, registered in Delhi. The company has 21 GST registrations in all, of which 19 are active and 2 are cancelled or inactive. Other active GSTINs include 29AALCA0171E1ZV (Karnataka), 06AALCA0171E1Z3 (Haryana), 27AALCA0171E1ZZ (Maharashtra).
Appario Retail operated in the e-commerce industry, in the general e-commerce platforms segment.
Appario Retail has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in August 2017.
The peers of Appario Retail by revenue are Cocoblu Retail Limited, Sane Retails Private Limited, Consulting Rooms Private Limited, Tech-Connect Retail Private Limited, H & M Hennes & Mauritz Retail Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading).
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