About Redbag
Redbag was a Retail company based in Delhi (India) founded in 2009. It operates an online store specializing in high-quality home decor items and accessories. It operates on a B2C model. Its Indian entity Shrimad India Private Limited reported revenue of ₹2.06 Cr. The company is recorded as dissolved. Its focus areas include E-commerce, Home Decor and Online Stores. Similar companies include Flipkart, Myntra and Nykaa; 3 of its 3 listed similar companies have raised funding.
Company details
Redbag operates with a B2C model, focusing on engaging in retail operations, operating online marketplaces, supplying home decor, and online stores. Operates an online store specializing in high-quality home decor items and accessories. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Delhi, India
- SectorsRetail
- Website redbag.in
- Social X Facebook
- Legal Name Shrimad India Private Limited
- Date of Incorporation 24 Mar, 1999
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹2.06 Cr
FY 2023 · +14% YoY
- Net Profit₹11.5 Lakh
FY 2023 · 6% margin
- EBITDA₹16 Lakh
FY 2023 · 8% margin
Associated legal entities of Redbag
Redbag operates through Shrimad India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shrimad India Private Limited CIN U51909DL1999PTC098965 | Active | 24 Mar 1999 | New Delhi, Delhi | ₹2.1 Cr | 2 | View details |
Board of directors of Shrimad India Private Limited (Redbag)
Shrimad India Private Limited is the primary company behind Redbag. The board of Shrimad India Private Limited currently have 2 directors; the longest-serving is Madhav Aggarwal, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Madhav Aggarwal DIN 08486972 | Additional Director | 04 Jul 2019 | 7 yrs 4 mo | Shrimad India Private Limited |
| Raghav Aggarwal DIN 08486969 | Additional Director | 04 Jul 2019 | 7 yrs 4 mo | Shrimad India Private Limited |
Financials of Redbag
Figures of Shrimad India Private Limited, the primary company behind Redbag, for FY 2023. Revenue was ₹2.06 Cr (+14% year on year). Net profit was ₹11.5 Lakh (6% margin). EBITDA was ₹16 Lakh (8% margin). Revenue has grown at a compounded annual rate of 0% over three years and +21% over five years.
- ₹2.06 CrRevenue · FY 2023 · +14% YoY
- ₹11.5 LakhNet profit · 6% margin
- ₹16 LakhEBITDA · 8% margin
- ₹1 LakhPaid-up capital
- 0%Revenue CAGR, 3 years
- +21%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Shrimad India Private Limited are on its company page.
Detailed financial statements for Redbag
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Similar companies to Redbag
Redbag 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 Redbag
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Top companies in Women Apparel E-Commerce
3 companies that operate in the same segment as Redbag (Women Apparel E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operates an online platform selling apparel items like trousers, jeans, shorts, and shoes. | 2014 | Bengaluru, Karnataka, India | USD 42 M | USD 26.76 M | 3,181 | |
Online platform selling stylish western clothing for women including dresses and tops. | 2015 | Gurugram, Haryana, India | USD 9.87 M | USD 10.15 M | 272 | |
Manages an e-commerce platform offering diverse fashion products for men, women, and kids. | 2016 | Mumbai, Maharashtra, India | 6 |
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Frequently Asked Questions about Redbag
Redbag was founded in 2009.
Redbag is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Redbag, Shrimad India Private Limited, reported revenue of ₹2.06 Cr for FY 2023, up 14% year on year.
Redbag operates with a B2C model, focusing on engaging in retail operations, operating online marketplaces, supplying home decor, and online stores. Operates an online store specializing in high-quality home decor items and accessories. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Redbag operates through Shrimad India Private Limited.
The legal entities of Redbag currently have 2 directors, including Madhav Aggarwal, Raghav Aggarwal.