About GI Retail
GI Retail is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2009 by Palaniyapan Ramasamy, and was acquired by Wirecard in October 2015. Technology-enabled solutions are provided for logistics, hospitality, and financial services. The company has 20 employees. Its Indian entity Gi Retail Private Limited reported revenue of ₹98.5 Lakh. Its focus areas include Consumer, Logistics Tech, Freight and Multimodal.
Company details
GI Retail was founded in 2009 in Chennai, India. Solutions driven by technology are delivered to the logistics, hospitality, and financial services sectors. Artificial intelligence is utilized in applications developed for hospitality operations. Internet of Things and operational systems are employed for cargo movement and storage management. Services encompassing corporate accommodation and travel arrangements are also extended through integrated technology platforms.
- Headquarters Chennai, India
- Employees 20
- Founders Palaniyapan Ramasamy
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website giretail.com
- Social LinkedIn
- Acquired by Wirecard (Oct 2015)
- Legal Name Gi Retail Private Limited
- Date of Incorporation 24 Jun, 2009
- Jurisdiction Chennai, Tamil Nadu, India
Associated legal entities of GI Retail
GI Retail operates through Gi Retail Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gi Retail Private Limited CIN U72900TN2009PTC072064 | Active | 24 Jun 2009 | Chennai, Tamil Nadu | ₹1.0 Cr | 20 | 2 | View details |
Investors in GI Retail
GI Retail has secured backing from 1 investor. Prominent investors backing the company include Wirecard.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Payment processing solutions are provided for businesses and merchants. | 1999 | wirecard.com | Aschheim, Germany |
Investor details for GI Retail
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Board of directors of Gi Retail Private Limited (GI Retail)
Gi Retail Private Limited is the primary company behind GI Retail. The board of Gi Retail Private Limited currently have 2 directors; the longest-serving is Ramu Annamalai Ramasamy, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ramu Annamalai Ramasamy DIN 00177882 | Managing Director | 13 Oct 2014 | 12 yrs | Gi Retail Private Limited |
| Palaniyapan Ramasamy DIN 00177912 | Whole-time director | 13 Oct 2014 | 12 yrs | Gi Retail Private Limited |
People of GI Retail
1 people are tracked at GI Retail (1 in leadership); the tracked headcount is 20.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for GI Retail
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Financials of GI Retail
Figures of Gi Retail Private Limited, the primary company behind GI Retail, for FY 2024. Revenue was ₹98.5 Lakh (+94% year on year). Net loss was -₹3.58 Cr (-363% margin). EBITDA was -₹82.6 Lakh (-84% margin). Revenue has grown at a compounded annual rate of -25% over three years and -36% over five years.
- ₹98.5 LakhRevenue · FY 2024 · +94% YoY
- -₹3.58 CrNet loss · -363% margin
- -₹82.6 LakhEBITDA · -84% margin
- ₹5.29 CrPaid-up capital
- 20Employees (provident fund records)
- -25%Revenue CAGR, 3 years
- -36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Gi Retail Private Limited are on its company page.
Detailed financial statements for GI Retail
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Timeline of GI Retail
2 dated milestones of GI Retail across 6 years, from founding to its latest funding, stage changes and deals.
- Founded GI Retail is founded.
- Exit Acquired by Wirecard.
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as GI Retail (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.37 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Gi Retail
Complete news archive for GI Retail
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Frequently Asked Questions about GI Retail
GI Retail was founded in 2009.
GI Retail is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
GI Retail has 20 employees.
The primary company behind GI Retail, Gi Retail Private Limited, reported revenue of ₹98.5 Lakh for FY 2024, up 94% year on year.
GI Retail was founded in 2009 in Chennai, India. Solutions driven by technology are delivered to the logistics, hospitality, and financial services sectors. Artificial intelligence is utilized in applications developed for hospitality operations. Internet of Things and operational systems are employed for cargo movement and storage management. Services encompassing corporate accommodation and travel arrangements are also extended through integrated technology platforms.
GI Retail has 1 investor. Key investors include Wirecard.
GI Retail operates through Gi Retail Private Limited.
Yes. GI Retail was acquired by Wirecard in October 2015.
The legal entities of GI Retail currently have 2 directors, including Ramu Annamalai Ramasamy, Palaniyapan Ramasamy.