About Readers
Readers was a Retail company based in Hyderabad (India) founded in 2007 by Krishna Kishore Reddy Palla, Rajeshwar Reddy Palla, and Jagan Gillala. Manages an e-commerce store for a wide range of consumer products. It operates on a B2C model. The company has 16 employees. Its Indian entity Readers Stores India Private Limited reported revenue of ₹13.00 Cr. The company is recorded as dissolved. Its focus areas include E-commerce, Online Retail and Multi-Category Products. Similar companies include Flipkart, Myntra and Nykaa; 3 of its 3 listed similar companies have raised funding.
Company details
Readers, founded in 2007 in Hyderabad, India, focuses on engaging in retail operations, operating online marketplaces, selling products via the internet, and multi-category products. Manages an e-commerce store for a wide range of consumer products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Hyderabad, India
- Employees 16
- Founders Krishna Kishore Reddy Palla, Rajeshwar Reddy Palla, Jagan Gillala
- SectorsRetail
- Website readers.in
- Social X Facebook
- Legal Name Readers Stores India Private Limited
- Date of Incorporation 28 Dec, 2007
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹13.00 Cr
FY 2025 · -85% YoY
- Net Loss-₹1.21 Cr
FY 2025 · -9% margin
- EBITDA-₹26.2 Lakh
FY 2025 · -2% margin
- Employee Count16
Associated legal entities of Readers
Readers operates through Readers Stores India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Readers Stores India Private Limited CIN U52100TG2007PTC056873 | Active | 28 Dec 2007 | Hyderabad, Telangana | ₹13.0 Cr | 16 | 2 | View details |
Board of directors of Readers Stores India Private Limited (Readers)
Readers Stores India Private Limited is the primary company behind Readers. The board of Readers Stores India Private Limited currently have 2 directors; the longest-serving is Jagan Mohan Reddy Gillella, appointed in 2014. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jagan Mohan Reddy Gillella DIN 06838320 | Director | 10 Mar 2014 | 12 yrs 8 mo | Readers Stores India Private Limited |
| Sai Kumar Dhandu DIN 07211647 | Director | 01 Jun 2024 | 2 yrs 5 mo | Readers Stores India Private Limited |
People of Readers
3 people are tracked at Readers (3 in leadership); the tracked headcount is 16.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Jagan Gillala | Co-Founder | Leadership |
Complete people profiles for Readers
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Financials of Readers
Figures of Readers Stores India Private Limited, the primary company behind Readers, for FY 2025. Revenue was ₹13.00 Cr (-85% year on year). Net loss was -₹1.21 Cr (-9% margin). EBITDA was -₹26.2 Lakh (-2% margin). Revenue has grown at a compounded annual rate of -23% over three years and -8% over five years.
- ₹13.00 CrRevenue · FY 2025 · -85% YoY
- -₹1.21 CrNet loss · -9% margin
- -₹26.2 LakhEBITDA · -2% margin
- ₹4.60 CrPaid-up capital
- 16Employees (provident fund records)
- -23%Revenue CAGR, 3 years
- -8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Readers Stores India Private Limited are on its company page.
Detailed financial statements for Readers
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Similar companies to Readers
Readers has 3 listed similar companies in our database, 3 of them funded. They include Flipkart, Myntra and Nykaa.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flipkart.com | 2007 | Bengaluru, India | $12.12B | 8,446 | Multi-category consumer products are offered via an online marketplace platform. | |
| myntra.com | 2007 | Bengaluru, India | $123.71M | 1,119 | Fashion and lifestyle products are offered via an online marketplace. | |
| nykaa.com | 2012 | Mumbai, India | $88.91M | 7,053 | Cosmetics, skincare, haircare, and wellness products are retailed online. |
Detailed similar companies of Readers
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Readers
Websites that share an audience with Readers (readers.in).
Websites whose visitors overlap most with Readers. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stationeryshop.in | 100% | #11,651,752 | View details | ||
stationerynew.com | stationerynew.com | 61% | – | ||
| stationerybazaar.com | 57% | #783,261 | View details | ||
| ithinkstore.com | 53% | View details | |||
| officeyes.com | 48% | View details |
Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Readers (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 639.15 M | 1,031 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 144.58 M | USD 32.66 M | 711 |
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Frequently Asked Questions about Readers
Readers was founded in 2007.
Readers is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Readers has 16 employees.
The primary company behind Readers, Readers Stores India Private Limited, reported revenue of ₹13.00 Cr for FY 2025, down 85% year on year.
Readers, founded in 2007 in Hyderabad, India, focuses on engaging in retail operations, operating online marketplaces, selling products via the internet, and multi-category products. Manages an e-commerce store for a wide range of consumer products. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Readers operates through Readers Stores India Private Limited.
The legal entities of Readers currently have 2 directors, including Jagan Mohan Reddy Gillella, Sai Kumar Dhandu.