About Arihant Retail Private Limited
Data last updated:
Arihant Retail Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 21 May 1996.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U18101TN1996PTC035532. Its GSTIN is 33AAICS3648F2ZC (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹17.54 Cr. It was formerly known as Surana Fashions Private Limited and Manasee Textile Private Limited. It is led by directors including Pradeep Chetry and Sivakumar Amarendran (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.79 Lakh, a decline of 97% compared to the previous year. For the same year it recorded a net loss of ₹3.15 Cr and EBITDA of -₹7.38 Lakh (EBITDA margin -62.6%). Revenue has declined at a compounded annual rate (CAGR) of 89% over three years and 75% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹89.35 Cr and satisfied charges of ₹112.81 Cr on record. Court records list 32 cases involving the company, including 9 filed by the company and 23 filed against it; 12 cases are pending. The company has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.01 Cr; the latest was in March 2021.
The last known website on record is careers.arihantretail.in.
Company details
Name history
Arihant Retail has undergone 2 name changes throughout its history. The company was previously known as Surana Fashions Private Limited, and Manasee Textile Private Limited. The current legal name is Arihant Retail Private Limited.
| Company Name | Status |
|---|---|
| Arihant Retail Private Limited | Current |
| Surana Fashions Private Limited | Previous |
| Manasee Textile Private Limited | Previous |
Contact details
Arihant Retail Private Limited's registered office is in Chennai, Tamil Nadu. Its website is careers.arihantretail.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.29 Namashivaya Street, Old Washermenpet, Chennai, Tamil Nadu, India – 600021
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Arihant 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
Business activity
The main business activity of Arihant 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 |
Financials of Arihant Retail Private Limited
FY 2024 filings availableArihant Retail Private Limited reported revenue of ₹11.79 Lakh (down 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 75% over five years, including a 97% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.79 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹7.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.15 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -62.6% | ||||
| Net Profit Margin | |||||
| 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 Arihant Retail Private Limited, buy the company report.
Board of directors of Arihant Retail Private Limited
Arihant Retail has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Chetry | Director | 10 Nov 2023 | 2 Years 11 Months | As last reported |
| Sivakumar Amarendran | Irp/Rp/Liquidator | 03 Jun 2025 | 1 Years 5 Months | As last reported |
| Golap Harijan | Additional Director | 26 Nov 2024 | 1 Years 11 Months | As last reported |
Auditor
Arihant Retail Private Limited is audited by N SURESH KUMAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N SURESH KUMAR & CO | FY 2023 | 019142S |
Shareholding
The shareholding of Arihant Retail Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Arihant Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2017 | 100149613 | Others | ₹52 Cr | Open | |
| 30 Oct 2017 | 100156994 | Axis Bank Limited | ₹8.75 Cr | Open | |
| 26 Sep 2017 | 100132191 | Others | ₹13.1 Cr | Open | |
| 14 Jul 2017 | 100144756 | Axis Bank Limited | ₹3 Cr | Open | |
| 01 Aug 2013 | 10450618 | Others | ₹12.5 Cr | Open |
To see the full charge records of Arihant Retail Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Arihant Retail Private Limited has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.01 Cr; the latest was in March 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Siyat Holdings Private Limited , Vishal Surana HUF Seller: Aakar Textiles Limited |
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Satguru Mercantile Private Limited , Arihant Investment, Captan Clothing Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Aakar Textiles Limited , Satguru Mercantile Private Limited , Arihant Investment, an individual Seller: Moonrise Fincon Private Limited , Gayatri Tradevin Private Limited , Advance Dealer Private Limited , an individual |
| Mar 2012 | Funding round | ₹1 Cr | Investors: Moonrise Fincon Private Limited , Gayatri Tradevin Private Limited , Advance Dealer Private Limited |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Vishal Surana HUF, an individual Seller: Hastimal Surana & Sons, Subhrekha Vyapaar Pvt Ltd , Elgin Sales Promotion Ltd |
To see the full deal history of Arihant 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
Arihant Retail Private Limited has 32 court cases on record: 9 filed by Arihant Retail, 23 filed against it. 12 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 11 | 5 |
| District courts | 12 | 11 | 6 |
| NCLT | 2 | 1 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by M/S Axis Bank Ltd, Mr Eswariah | Pending |
| District court, Chennai, Tamil Nadu | Court case (PC) | Filed against the company by Cholamandalam Investment and Finance Co Ltd Rep by Its Power of Attorney Mr D Vimalan | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S Brown View Properties LLP and 2 Others and 2 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against M/S. Brown View Properties LLP and 2 others | Pending |
| High Court, TAMIL NADU | Court case (OSA) | Filed by the company against M/S. Brown View Properties LLP and 2 others | Pending |
To see the full case history of Arihant 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
Arihant Retail Private Limited was last rated by Brickwork on 14 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 14 Dec 2021 |
To see the full credit ratings and regulatory alerts of Arihant Retail Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arihant Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arihant Retail Private Limited has a workforce of 69 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Arihant Retail has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICS3648F2ZC | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arihant Retail Private Limited, buy the company report.
Recent activity
Arihant Retail Private Limited has 11 board changes on record since 2011: 3 appointments and 8 cessations. The latest: Sivakumar Amarendran was appointed as Irp/Rp/Liquidator on 03 Jun 2025.
54 earlier events are in the company report.
Frequently asked questions
Arihant Retail is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Arihant Retail is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 21 May 1996 and is registered under CIN U18101TN1996PTC035532. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Arihant Retail has 3 current directors:
- Pradeep Chetry - Director
- Golap Harijan - Additional Director
- Sivakumar Amarendran - Irp/Rp/Liquidator
The latest financial statements of Arihant Retail on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Arihant Retail is U18101TN1996PTC035532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arihant Retail has open charges of ₹89.35 Cr and satisfied charges of ₹112.81 Cr as per latest MCA filings.
Arihant Retail has 32 court cases on record: 9 filed by the company and 23 filed against it. 12 are pending. Most are in the high courts.
Arihant Retail was incorporated on 21 May 1996. It is registered with the Registrar of Companies, Chennai.
Arihant Retail has 11 deals on record (8 secondary share transfers, 2 funding rounds, 1 rights issue), with disclosed funding of ₹2.01 Cr; the latest was in March 2021.
Sivakumar Amarendran was appointed as Irp/Rp/Liquidator on 03 Jun 2025. Vishal Surana ceased to be Director on 02 Jan 2025. Golap Harijan was appointed as Additional Director on 26 Nov 2024. Arihant Retail has 11 board changes on record in total.
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