MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0079920
Belsi Retail Private Limited - e-commerce in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.48 Cr
▲ 111% YoY
Net profit · FY 2025
₹44.84 Lakh
Net margin 2.9%
EBITDA · FY 2025
₹69.03 Lakh
EBITDA margin 4.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.25 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
About Belsi Retail Private Limited
Data last updated:
Belsi Retail Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 12 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2015PTC082220. Its GSTIN is 29AAGCB4038E1ZT (Karnataka). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.25 Lakh. It is led by directors Amit Charukirti Saibannavar and Bhagyashri Amit Saibannavar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.48 Cr, a growth of 111% compared to the previous year. For the same year it recorded a net profit of ₹44.84 Lakh (net margin 2.9%) and EBITDA of ₹69.03 Lakh (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 25% over five years.
The company is associated with 1 brand: Adro Clothing. As per MCA filings, the company has open charges of ₹1 Cr on record.
Belsi Retail Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0079920). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adro.in.
Company details
CIN U52100KA2015PTC082220
Registration Number 082220
Incorporation Date 12 August 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0079920
Recognitions & Rankings of Belsi Retail
Contact details
Belsi Retail Private Limited's registered office is in Bengaluru, Karnataka. Its website is adro.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.9 Sy No.60/6 & 60/11 1st & 2nd Floor 12th‘A’ Main Kodichikkanahalli Main Road Cauvery, Nagara, Bengaluru, Karnataka, India – 560068
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of Belsi Retail Private Limited, buy the company report.
Comprehensive company report
Belsi Retail Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Belsi Retail operates one associated brand: Adro Clothing. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a direct-to-consumer brand offering casual wear for men. | adro.in |
Business activity
The main business activity of Belsi Retail is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Belsi Retail Private Limited, buy the company report.
Financials of Belsi Retail Private Limited
FY 2025 filings availableBelsi Retail Private Limited reported revenue of ₹15.48 Cr (up 111% YoY) for FY 2025.
Revenue · FY 2025
₹15.48 Cr ▲ 111%
Net profit · FY 2025
₹44.84 Lakh margin 2.9%
EBITDA · FY 2025
₹69.03 Lakh margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 111%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 68%
5 years · compounded
▲ 27%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 111% growth in the latest year. EBITDA rose 68% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹69.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.84 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Belsi Retail Private Limited, buy the company report.
Board of directors of Belsi Retail Private Limited
Belsi Retail has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Charukirti Saibannavar Also directs: Natmil Foods Private Limited | Director | 12 Aug 2015 | 11 Years 2 Months | Current |
| Bhagyashri Amit Saibannavar Also directs: Natmil Foods Private Limited | Director | 05 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Belsi Retail Private Limited is audited by AGARWAL ANKUSH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AGARWAL ANKUSH & ASSOCIATES | FY 2020 | 015125S |
Shareholding
The shareholding of Belsi Retail Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Belsi Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Sep 2024 | 100981217 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Belsi Retail Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Belsi Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Belsi Retail has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB4038E1ZT | Karnataka | Active | 01 Jul 2017 |
| 06AAGCB4038E1Z1 | Haryana | Active | 02 Jun 2018 |
| 27AAGCB4038E1ZX | Maharashtra | Active | 11 Jun 2018 |
| 19AAGCB4038E1ZU | West Bengal | Active | 17 Sep 2020 |
To see the full GST registrations and return filing status of Belsi Retail Private Limited, buy the company report.
Recent activity
Belsi Retail Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Bhagyashri Amit Saibannavar was appointed as Director on 05 Sep 2025.
AGM
Belsi Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Bhagyashri Amit Saibannavar was appointed as Director.
Ceased
Tapati Ghose ceased to be Director.
Filing
Belsi Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100981217 was registered on 24 Sep 2024.
Ceased
Amit Singh ceased to be Director.
Ceased
Bhavyajeet Godara ceased to be Director.
Ceased
Sarbajit Ghose ceased to be Additional Director.
Appointed
Amit Charukirti Saibannavar was appointed as Director.
Incorporation
12 Aug 2015
Belsi Retail Private Limited was registered on 12 Aug 2015 with Roc Bangalore & aged 11 years 2 months as per MCA records.
Frequently asked questions
Belsi Retail is an active private limited company based in Bengaluru, Karnataka, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 12 August 2015 (11+ years old) and is registered under CIN U52100KA2015PTC082220.
Belsi Retail has 2 current directors:
- Amit Charukirti Saibannavar - Director
- Bhagyashri Amit Saibannavar - Director
The latest financial statements of Belsi Retail on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Belsi Retail is 29AAGCB4038E1ZT, registered in Karnataka. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 06AAGCB4038E1Z1 (Haryana), 27AAGCB4038E1ZX (Maharashtra), 19AAGCB4038E1ZU (West Bengal).
The CIN (Corporate Identification Number) of Belsi Retail is U52100KA2015PTC082220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Belsi Retail was incorporated on 12 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Bhagyashri Amit Saibannavar was appointed as Director on 05 Sep 2025. Tapati Ghose ceased to be Director on 05 Sep 2025. Amit Singh ceased to be Director on 02 Dec 2017. Belsi Retail has 6 board changes on record in total.
Yes, Belsi Retail is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0079920).
Belsi Retail can be reached through the website adro.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Belsi Retail is at No.9 Sy No.606 & 6011 1st & 2nd Floor 12th‘A’ Main Kodichikkanahalli Main Road Cauvery, Nagara, Bengaluru, Karnataka, India – 560068.