Red Tape

Noida, India Founded: 1996 • Age: 30 yrs Listed
Retailer of footwear, apparel, and accessories for men, women, and children

About Red Tape

Red Tape is a publicly listed company based in Noida (India) founded in 1996 by Irshad Mirza and Rashid Ahmed Mirza. Retailer of footwear, apparel, and accessories for men, women, and children. The company has 819 employees. Its website redtape.com draws about 2.5 million monthly visits. Its Indian entity Redtape Limited reported revenue of ₹2,552 Cr. Its focus areas include Consumer Goods, Apparel Brands, Casual Wear and Multi category. Its competitors include Bewakoof and Styched; 2 of its 2 listed competitors have raised funding.

Company details

Founded in 1996 and based in Noida, India, the company operates in the retail sector, focusing on footwear, apparel, and accessories. A range of products, including casual and formal shoes, sportswear, shirts, trousers, and items like wallets and belts, is provided for various age groups. Sales are conducted directly to consumers via an online platform and physical stores, serving diverse styles and needs.

Recognitions & Rankings of Red Tape

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#436
Valuation
₹11,500 Cr
2023 #492
  • Headquarters Noida, India
  • Employees 819
  • Founders Irshad Mirza, Rashid Ahmed Mirza
  • Stage Public
  • Sectors
    Retail
  • Website category Lifestyle · Fashion and Apparel
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website redtape.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Legal Name Redtape Limited
Key Metrics
  • Market Cap
    ₹5,942 Cr

    REDTAPE · NSE

  • Share Price
    ₹104.06

    -3.18% today

  • Revenue
    ₹2,419 Cr

    FY 2025-26 · +19.7% YoY

  • EBITDA
    ₹353 Cr

    Margin 14.6%

  • Net Profit
    ₹241 Cr

    FY 2025-26 · +43.0% YoY

  • P/E (TTM)
    25.0x

    P/B 6.0x

  • ROE
    26.6%

    ROCE 24.4%

  • Debt / Equity
    0.80

    Interest cover 27.7x

  • Employee Count
    819

Apps and channels of Red Tape

its YouTube channel REDTAPE has 29.6K subscribers and 30 videos.

REDTAPE
YouTube 29.6K subscribers 30 videos Howto & Style
Open channel

Videos from Red Tape

The most watched videos on Red Tape's YouTube channel, REDTAPE (29.6K subscribers). Click a video to play it here.

Introducing Ammy Virk as RedTape’s Global Brand Ambassador | AW '24 Collection Launch
3.1M views
International Fashion Brand REDTAPE now in UAE
365.1K views
#RedTapeLove | AW22 Collection | Now in Stores
96.3K views
#RedTapeLove | AW22 Collection | Now in Stores
93.3K views

More on REDTAPE.

Board of directors of Redtape Limited (Red Tape)

Redtape Limited is the primary company behind Red Tape. The boards of the 2 registered companies of Red Tape currently have 16 directors; the longest-serving is Shahid Ahmad Mirza, appointed in 1979. 26 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shahid Ahmad Mirza
DIN 00048990
Whole-time director06 Sep 197947 yrs 1 moMirza International Limited
Tauseef Ahmad Mirza
DIN 00049037
Managing Director06 Sep 198937 yrs 1 moMirza International Limited
Tasneef Ahmad Mirza
DIN 00049066
Whole-time director01 Jan 199729 yrs 9 moMirza International Limited
Saumya Srivastava
DIN 08206547
Director09 Aug 20197 yrs 2 moMirza International Limited
Sanjiv Gupta
DIN 02240256
Director12 Nov 20196 yrs 11 moMirza International Limited
Arvind Verma
DIN 09429834
Whole-time director08 Dec 20214 yrs 10 moRedtape Limited
Shuja Mirza
DIN 01453110
Managing Director08 Dec 20214 yrs 10 moRedtape Limited
Rashid Ahmed Mirza
DIN 00049009
Whole-time director08 Dec 20214 yrs 10 moRedtape Limited
Sanjay Bhalla
DIN 00699901
Director10 Dec 20214 yrs 10 moRedtape Limited, Mirza International Limited
Subhash Chander Sapra
DIN 00049243
Director07 Apr 20233 yrs 6 moRedtape Limited, Mirza International Limited
Yashvir Singh
DIN 00049360
Director07 Apr 20233 yrs 6 moRedtape Limited
Rajshree Saxena
DIN 09784592
Director07 Apr 20233 yrs 6 moRedtape Limited
Sunanda
DIN 10243709
Whole-time director01 Aug 20233 yrs 2 moRedtape Limited
Faraz Mirza
DIN 02536109
Whole-time director12 Aug 20233 yrs 2 moMirza International Limited
Sabir Amin Ul Rahman
DIN 01548381
Director28 May 20242 yrs 4 moMirza International Limited
Aqeel Ahmad Khan
DIN 08842529
Additional Director01 Jun 20264 moMirza International Limited

People of Red Tape

16 people are tracked at Red Tape (6 in leadership, 10 in team); the tracked headcount is 819.

NameRoleGroup
Irshad Mirza
Co-Founder & Executive ChairmanLeadership
Co-Founder & ChairmanLeadership
Managing DirectorLeadership
DirectorLeadership
Abhinav Jain
Chief Financial OfficerLeadership
Mohammad Kalim
Retail Operations Head ,redtape Limited 🇮🇳Leadership
Simran Tuteja
Manager- Buying & MerchandisingTeam
Farhad Kabir Shohan
Senior MerchandiserTeam
Kaseem Zaidi
Visual MerchandiserTeam
Pritam Krishna
Team Lead (apparel) Retail MerchandisingTeam
Akshay Kumar
𝐒𝐀𝐏 𝐈𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧𝐬Team
Vaishnavi Kashyap
Executive E-commerce MerchandiserTeam
Abhishek Jha
Store ManagerTeam
Sk Jamirul Islam
E-commerce Operation ( Kolkata )Team
Amit Pandey
Area Sales ManagerTeam
Krishna Kumar Yadav
Warehouse OperationTeam
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Complete people profiles for Red Tape

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IPO & Listings of Red Tape

Red Tape is a publicly listed company on the NSE with ticker symbol REDTAPE in India, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date08 Nov 2023
  • Listed onBSE: 543957
  • Listed entityRedtape Limited
  • Exchange sectorRetail trade
  • ISININE0LXT01019
  • Share price₹113.55 (+0.57% on the day) · 2026-10-14
  • Market capitalisation₹6,244 Cr
  • Price to earnings25.5
  • EPS (diluted, trailing year)₹4.46
  • Dividend yield1.79%
  • Volume (last session)86,919

Financials of Red Tape

Exchange-reported figures of Redtape Limited, the listed company behind Red Tape (NSE: REDTAPE).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,419 Cr
+19.7% YoY
EBITDA
₹353 Cr
+60.5% YoY
Profit After Tax
₹241 Cr
+43.0% YoY
Net Worth
₹1,021 Cr
+29.5% YoY
Total Assets
₹1,746 Cr
+15.1% YoY
Total Debt
₹720 Cr
-0.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue2,4192,0211,8431,468303
Revenue growth+19.7%+9.7%+25.5%+384.2%-
EBITDA35322031924447.16
EBITDA margin+14.6%+10.9%+17.3%+16.7%+15.6%
Profit before tax32423323618940.80
Net profit24116917614229.26
Net profit margin+10.0%+8.4%+9.6%+9.7%+9.7%
EPS (₹)4.353.0812.7510.2923,232.00
Balance sheet
Total assets1,7461,5171,133740598
Net worth1,021789648477336
Total debt72072448026028.50
Cash & bank9.7614.5721.0426.1814.26
Net working capital960742460288263
Cash flow
Cash from operations1744.3084.3712744.24
Cash from investing(84.76)(110)(116)(127)(49.17)
Cash from financing(93.99)98.6226.1012.43(17.22)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481676787492464506661416
Revenue growth (YoY)+3.7%+33.5%+19.0%+18.4%+5.1%---
Other income15.1422.3231.389.549.1650.128.533.36
EBITDA83.5311114772.7977.0245.0912564.07
EBITDA margin+17.4%+16.5%+18.6%+14.8%+16.6%+8.9%+18.9%+15.4%
Depreciation23.7322.4522.6321.7621.0821.5222.0820.91
Interest14.5414.9717.9818.8016.3916.2112.7111.60
Profit before tax60.4096.3413741.7748.7157.4898.9734.92
Tax15.9226.4632.8214.2310.1116.2625.909.85
Net profit44.4869.8810527.5438.6041.2273.0725.07
EPS (₹)0.801.261.890.500.700.751.320.45
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue2,4152,0181,8321,459297
Revenue growth+19.6%+10.2%+25.6%+391.3%-
EBITDA35522031023641.99
EBITDA margin+14.7%+10.9%+16.9%+16.2%+14.1%
Profit before tax32824722718135.65
Net profit24518317113625.44
Net profit margin+10.1%+9.1%+9.3%+9.3%+8.6%
EPS (₹)4.423.3412.299.855,088.00
Balance sheet
Total assets1,7491,5161,116729622
Net worth1,025788632466332
Total debt720724479260187
Cash & bank9.1411.538.2114.858.05
Net working capital964741445277287
Cash flow
Cash from operations1761.6081.5711117.39
Cash from investing(84.41)(98.05)(115)(116)(21.85)
Cash from financing(93.71)98.8926.4212.41(23.90)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue480674786491463504662416
Revenue growth (YoY)+3.7%+33.8%+18.7%+18.2%+5.1%---
Other income15.2122.5231.439.609.0563.388.523.36
Total expenses395562638418385460536351
EBITDA85.7811214873.0177.7344.1712764.53
EBITDA margin+17.9%+16.7%+18.8%+14.9%+16.8%+8.8%+19.1%+15.5%
Depreciation23.6422.4022.5421.6420.9821.4621.9720.72
Interest14.5114.9217.9618.7816.3816.2012.6911.58
Profit before tax62.8497.5213942.1949.4269.8910035.59
Tax15.9226.3532.8214.2310.1115.6726.369.91

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481676787492464506661416
Revenue growth (YoY)+3.7%+33.5%+19.0%+18.4%+5.1%---
Other income15.1422.3231.389.549.1650.128.533.36
EBITDA83.5311114772.7977.0245.0912564.07
EBITDA margin+17.4%+16.5%+18.6%+14.8%+16.6%+8.9%+18.9%+15.4%
Depreciation23.7322.4522.6321.7621.0821.5222.0820.91
Interest14.5414.9717.9818.8016.3916.2112.7111.60
Profit before tax60.4096.3413741.7748.7157.4898.9734.92
Tax15.9226.4632.8214.2310.1116.2625.909.85
Net profit44.4869.8810527.5438.6041.2273.0725.07
EPS (₹)0.801.261.890.500.700.751.320.45
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue2,4192,0211,8431,468303
Revenue growth+19.7%+9.7%+25.5%+384.2%-
Other income13315113.056.520.06
Total expenses2,0661,8011,5241,224256
Employee cost12512092.6667.9711.85
EBITDA35322031924447.16
EBITDA margin+14.6%+10.9%+17.3%+16.7%+15.6%
Depreciation87.9283.4359.2444.442.43
Interest73.2754.2636.5817.463.99
Profit before tax32423323618940.80
Tax83.6262.9260.0046.9511.76
Net profit24116917614229.26
Net profit margin+10.0%+8.4%+9.6%+9.7%+9.7%
EPS (₹)4.353.0812.7510.2923,232.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital11111127.6427.640.01
Reserves & surplus911678621449308
Shareholders' funds (net worth)1,021789648477336
Minority interest0.000.000.000.000.00
Secured loans38636616180.7128.50
Unsecured loans3343583201790.00
Total debt72072448026028.50
Total liabilities1,7461,5171,133740598
Assets
Gross block1,102994861545466
Net block750717646368304
Capital work in progress25.0046.2917.4071.0917.06
Investments0.000.000.000.560.66
Inventories1,1521,221764643397
Sundry debtors21011090.7684.1156.17
Cash & bank balances9.7614.5721.0426.1814.26
Loans & advances14610338.3231.1920.22
Total current assets1,5181,448914784487
Total current liabilities558707454497224
Net working capital960742460288263
Total assets1,7461,5171,133740598
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash13.6921.0426.1814.2636.41
Net cash from operating activities1744.3084.3712744.24
Net cash from investing activities(84.76)(110)(116)(127)(49.17)
Net cash from financing activities(93.99)98.6226.1012.43(17.22)
Net change in cash(4.74)(7.35)(5.14)11.92(22.15)
Closing cash9.7614.5721.0426.1814.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+19.7%+9.7%+25.5%+384.2%-
EBITDA growth+60.5%-31.2%+30.5%+418.4%-
PBT growth+39.2%-1.4%+24.9%+9997.0%+9997.0%
Net income growth+43.0%-4.3%+24.1%+385.5%-
Revenue CAGR (3Y)+18.1%+88.2%---
EBITDA CAGR (3Y)+13.0%+67.0%---
Profitability & leverage
Net income margin+10.0%+8.4%+9.6%+9.7%+9.6%
Return on capital employed+24.4%+21.7%+29.1%+30.9%+30.0%
Return on net worth+26.6%+23.7%+31.3%+35.0%+34.6%
Debt / equity0.800.840.660.360.08
Long-term debt / equity0.360.460.450.250.03
Interest cover27.6939.8414.088.738.92
Efficiency & per share
Fixed asset turnover2.312.182.622.902.60
Inventory turnover2.042.042.622.823.06
Debtors turnover15.0920.0921.0820.9321.59
EPS (₹)4.353.0812.7510.2923,232.00
Dividend per share (₹)2.002.250.000.000.00
Book value per share (₹)18.4814.2746.9234.5061,648.00
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue480674786491463504662416
Revenue growth (YoY)+3.7%+33.8%+18.7%+18.2%+5.1%---
Other income15.2122.5231.439.609.0563.388.523.36
Total expenses395562638418385460536351
EBITDA85.7811214873.0177.7344.1712764.53
EBITDA margin+17.9%+16.7%+18.8%+14.9%+16.8%+8.8%+19.1%+15.5%
Depreciation23.6422.4022.5421.6420.9821.4621.9720.72
Interest14.5114.9217.9618.7816.3816.2012.6911.58
Profit before tax62.8497.5213942.1949.4269.8910035.59
Tax15.9226.3532.8214.2310.1115.6726.369.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue2,4152,0181,8321,459297
Revenue growth+19.6%+10.2%+25.6%+391.3%-
Other income13316412.776.510.06
Total expenses2,0591,7981,5221,222255
Employee cost12311991.5266.4710.74
EBITDA35522031023641.99
EBITDA margin+14.7%+10.9%+16.9%+16.2%+14.1%
Depreciation87.5682.8758.7644.442.43
Interest73.1754.1736.5117.443.97
Profit before tax32824722718135.65
Tax83.5162.7957.4945.0510.21
Net profit24518317113625.44
Net profit margin+10.1%+9.1%+9.3%+9.3%+8.6%
EPS (₹)4.423.3412.299.855,088.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital11111127.6427.640.01
Reserves & surplus914678605438332
Shareholders' funds (net worth)1,025788632466332
Secured loans38636616180.710.00
Unsecured loans334358319179187
Total debt720724479260187
Total liabilities1,7491,5161,116729622
Assets
Gross block1,100992859545303
Net block749716645368303
Capital work in progress25.0046.2917.4071.0917.06
Investments0.430.430.420.961.07
Inventories1,1501,218760643397
Sundry debtors20910990.4884.1156.17
Cash & bank balances9.1411.538.2114.858.05
Loans & advances14910538.1230.0619.49
Total current assets1,5181,444897772480
Total current liabilities553702452495193
Net working capital964741445277287
Total assets1,7491,5161,116729622
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash10.658.2114.858.0536.41
Net cash from operating activities1761.6081.5711117.39
Net cash from investing activities(84.41)(98.05)(115)(116)(21.85)
Net cash from financing activities(93.71)98.8926.4212.41(23.90)
Net change in cash(2.32)2.44(6.64)6.80(28.36)
Closing cash9.1411.538.2114.858.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+19.6%+10.2%+25.6%+391.3%-
EBITDA growth+61.5%-29.0%+31.0%+463.2%-
PBT growth+32.5%+8.8%+25.5%+408.1%+9997.0%
Net income growth+33.6%+7.3%+25.6%+434.5%-
Revenue CAGR (3Y)+18.3%+89.4%---
EBITDA CAGR (3Y)+14.5%+73.7%---
Profitability & leverage
Net income margin+10.1%+9.1%+9.3%+9.3%+8.6%
Return on capital employed+24.6%+22.9%+28.6%+29.4%+6.4%
Return on net worth+26.9%+26.0%+30.9%+34.1%+7.7%
Debt / equity0.800.850.670.560.56
Long-term debt / equity0.360.460.460.420.43
Interest cover27.3239.4914.549.0810.04
Efficiency & per share
Fixed asset turnover2.312.182.613.440.98
Inventory turnover2.042.042.612.810.75
Debtors turnover15.1820.2320.9820.805.29
EPS (₹)4.423.3412.299.855,088.00
Dividend per share (₹)2.002.250.000.000.00
Book value per share (₹)18.5314.2645.7433.7366,456.00

Competitors of Red Tape

Red Tape has 2 listed competitors in our database, 2 of them funded. They include Bewakoof and Styched.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
bewakoof.com2011Mumbai, India$39.49M161
Multi-category fashion products are sold by an internet-first brand.
styched.in2019Bengaluru, India$925,098
Multi-category fashion for men and women is offered online.
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Detailed competitors of Red Tape

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Web traffic of Red Tape

The website of Red Tape (redtape.com) receives about 2.5M visits a month and ranks #13,775 among all websites worldwide, #614 in Fashion and Apparel.

  • Monthly visits
    2.5M

    ▼ 23.3% vs previous month

  • Unique visitors
    1.5M

    per month

  • Global rank
    #13,775

    among all websites

  • Category rank
    #614

    Lifestyle · Fashion and Apparel

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••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Fashion & Lifestyle E-Commerce

3 companies that operate in the same segment as Red Tape (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Eyewear is offered online for men, women, and kids.
2010Gurugram, Haryana, IndiaUSD 1.04 BUSD 939.4 M18,984
Fashion and lifestyle products are offered via an online marketplace.
2007Bengaluru, Karnataka, IndiaUSD 123.71 MUSD 542.17 M1,108
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed.
2019Bengaluru, Karnataka, IndiaUSD 142.34 MUSD 32.66 M711
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Related news about Red Tape

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Frequently Asked Questions about Red Tape

Red Tape was founded in 1996.

Red Tape is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

Red Tape has 819 employees.

The primary company behind Red Tape, Redtape Limited, reported revenue of ₹2,552 Cr for FY 2026, up 20% year on year.

Founded in 1996 and based in Noida, India, the company operates in the retail sector, focusing on footwear, apparel, and accessories. A range of products, including casual and formal shoes, sportswear, shirts, trousers, and items like wallets and belts, is provided for various age groups. Sales are conducted directly to consumers via an online platform and physical stores, serving diverse styles and needs.

Red Tape's top competitors include Bewakoof and Styched.

Yes, Red Tape is publicly traded on NSE under the ticker symbol REDTAPE.

Red Tape is associated with 2 legal entities: Redtape Limited, Mirza International Limited.

The legal entities of Red Tape currently have 20 directors, including Arvind Verma, Shuja Mirza, Rashid Ahmed Mirza and others.

The website of Red Tape receives about 2.5 million visits a month and ranks #13,775 among all websites worldwide.

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