About Lagao Boli
Lagao Boli was a Retail company based in India founded in 2017 by Raj Kundra. It operates an app-based auction marketplace for a wide range of products. It operates on a B2C model. The company has 2 employees. Its Indian entity Redmax Footwears Limited reported revenue of ₹11.87 Cr. The company is recorded as dissolved. Its focus areas include E-commerce, Marketplaces, Auctions and Multi-Category Products. Its competitors include OhLocal, Bidzapp and BidforX; 1 of its 3 listed competitors has raised funding.
Company details
Lagao Boli operates an app-based auction marketplace for a wide range of products through operating online marketplaces, marketplaces, auctions, and multi-category products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters India
- Employees 2
- Founders Raj Kundra
- SectorsRetail
- Website lagaoboli.com
- Social X Facebook
- Legal Name Viaan Industries Limited
- Date of Incorporation 19 Oct, 1982
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11.87 Cr
FY 2020 · -82% YoY
- Net Loss-₹84.98 Cr
FY 2020 · -246% margin
- EBITDA-₹84.85 Cr
FY 2020 · -246% margin
- Employee Count2
Associated legal entities of Lagao Boli
Lagao Boli operates through Redmax Footwears Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Redmax Footwears Limited Listed CIN L15201MH1982PLC291306 | Active | 19 Oct 1982 | Mumbai, Maharashtra | ₹11.9 Cr | 2 | 8 | View details |
Board of directors of Redmax Footwears Limited (Lagao Boli)
Redmax Footwears Limited is the primary company behind Lagao Boli. The board of Redmax Footwears Limited currently have 7 directors; the longest-serving is Anita Sethia, appointed in 2020. 31 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anita Sethia DIN 08956503 | Director | 10 Nov 2020 | 6 yrs | Redmax Footwears Limited |
| Monika Jindal DIN 07461151 | Director | 03 Apr 2024 | 2 yrs 7 mo | Redmax Footwears Limited |
| Ghanshyam Shukla DIN 07773969 | Director | 03 Apr 2024 | 2 yrs 7 mo | Redmax Footwears Limited |
| Hemant Jindal DIN 00238742 | Managing Director | 03 Apr 2024 | 2 yrs 7 mo | Redmax Footwears Limited |
| Rupali Singhania DIN 07154845 | Director | 30 May 2025 | 1 yr 5 mo | Redmax Footwears Limited |
| Amit Singhania DIN 10607069 | Director | 30 May 2025 | 1 yr 5 mo | Redmax Footwears Limited |
| Himanshu Kumar DIN 07185026 | Director | 30 May 2025 | 1 yr 5 mo | Redmax Footwears Limited |
People of Lagao Boli
1 people are tracked at Lagao Boli (1 in leadership); the tracked headcount is 2.
| Name | Role | Group |
|---|---|---|
Raj Kundra | Co-Founder | Leadership |
Complete people profiles for Lagao Boli
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Financials of Lagao Boli
Figures of Redmax Footwears Limited, the primary company behind Lagao Boli, for FY 2020. Revenue was ₹11.87 Cr (-82% year on year). Net loss was -₹84.98 Cr (-246% margin). EBITDA was -₹84.85 Cr (-246% margin). Revenue has grown at a compounded annual rate of -37% over three years.
- ₹11.87 CrRevenue · FY 2020 · -82% YoY
- -₹84.98 CrNet loss · -246% margin
- -₹84.85 CrEBITDA · -246% margin
- ₹1.00 CrPaid-up capital
- 2Employees (provident fund records)
- -37%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Redmax Footwears Limited are on its company page.
Detailed financial statements for Lagao Boli
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Competitors of Lagao Boli
Lagao Boli has 3 listed competitors in our database, 1 of them funded. They include OhLocal, Bidzapp and BidforX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ohlocal.in | 2020 | Noida, India | $150,308 | Bidding marketplace for local services is facilitated by AI-enabled app. | ||
| bidzapp.in | 2020 | Bengaluru, India | Multi-category products are auctioned through an online platform. | |||
| bidforx.com | 2017 | Kolkata, India | Operates an app-based auction marketplace for a wide range of products. |
Detailed competitors of Lagao Boli
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Top companies in Auction & Flash Sale Platforms
3 companies that operate in the same segment as Lagao Boli (Auction & Flash Sale Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online portal for searching and bidding on government tenders worldwide. | 2017 | Gurugram, Haryana, India | USD 6.99 M | |||
Online platform for government tenders, bids, and procurement opportunities worldwide. | 2012 | Mumbai, Maharashtra, India | USD 345.57 K | 56 | ||
Digital solutions provider for cost optimization and process automation in enterprises. | 2012 | Bengaluru, Karnataka, India | USD 4.09 M | 253 |
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Related news about Lagao Boli
Complete news archive for Lagao Boli
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Frequently Asked Questions about Lagao Boli
Lagao Boli was founded in 2017.
Lagao Boli is headquartered in India.
Lagao Boli has 2 employees.
The primary company behind Lagao Boli, Redmax Footwears Limited, reported revenue of ₹11.87 Cr for FY 2020, down 82% year on year.
Lagao Boli operates an app-based auction marketplace for a wide range of products through operating online marketplaces, marketplaces, auctions, and multi-category products. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Lagao Boli operates through Redmax Footwears Limited.
The legal entities of Lagao Boli currently have 8 directors, including Monika Jindal, Rupali Singhania, Anita Sethia and others.