MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0284849
Cultgear Private Limited - e-commerce in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹98.57 Cr
▲ 25% YoY
Net profit · FY 2025
₹3.75 Cr
Net margin 3.8%
EBITDA · FY 2025
₹13.37 Cr
EBITDA margin 13.6%
Authorised capital
₹2.55 Cr
Registered with MCA
Paid-up capital
₹2.22 Cr
Issued & subscribed
Open charges
₹115 Cr
Satisfied ₹20 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
387
Provident fund records
About Cultgear Private Limited
Data last updated:
Cultgear Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Curefit Healthcare Private Limited. It operates in the online sports merchandise retail segment of the e-commerce sector. It was incorporated on 07 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2017PTC177594. Its GSTIN is 33AAHCB5151H1ZX (Tamil Nadu). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹2.22 Cr. It was formerly known as Balbis Sportletics Fashions Private Limited. It is led by directors Tarakkad Sreenivasan Anand (Whole-Time Director) and Bishnu Prakash Hazari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹98.57 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹3.75 Cr (net margin 3.8%) and EBITDA of ₹13.37 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 78% over five years.
The company has about 387 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Cultsport. As per MCA filings, the company has open charges of ₹115 Cr and satisfied charges of ₹20 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 1 case is pending. The company has 10 deals on record (7 rights issues, 3 acquisitions); the latest was in February 2023. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is Arix Services Private Limited with revenue of ₹98.67 Cr. The company has 10 MSME Form 1 returns on record between 2020 and 2024, listing 135 overdue payments to 47 micro and small suppliers.
Cultgear Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0284849). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cultsport.com.
Company details
CIN U74999TN2017PTC177594
Registration Number 177594
Incorporation Date 07 November 2017
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Curefit Healthcare Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0284849
CIN history
Cultgear has one previous CIN (Corporate Identification Number): U74999KA2017PTC107723. The current CIN is U74999TN2017PTC177594, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999TN2017PTC177594 | Current |
| U74999KA2017PTC107723 | Previous |
Recognitions & Rankings of Cultgear
Contact details
Cultgear Private Limited's registered office is in Chennai, Tamil Nadu.
- Registered AddressNew No.10 Old No.28 Shankaralaya 2nd Floor, 3rd Cross Street Rk Nagar Raja Annamalaipuram, Chennai, Tamil Nadu, India – 600028
- IndustryE-Commerce, Online Sports Merchandise Retail
Comprehensive company report
Cultgear 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
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Brands
Cultgear operates one associated brand: Cultsport. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform selling sportswear, fitness equipment, and accessories for workouts. | cultsport.com |
Business activity
The main business activity of Cultgear is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Cultgear Private Limited, buy the company report.
Financials of Cultgear Private Limited
FY 2024 filings availableCultgear Private Limited reported revenue of ₹98.57 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹98.57 Cr ▲ 25%
Net profit · FY 2025
₹3.75 Cr margin 3.8%
EBITDA · FY 2025
₹13.37 Cr margin 13.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 19%
5 years · compounded
▲ 78%
EBITDA CAGR growth
1 year
▲ 178%
3 years · compounded
▲ 49%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 78% over five years, including 25% growth in the latest year. EBITDA rose 178% 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 |
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| Total Expenses | |||||
| EBITDA | ₹13.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.75 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Cultgear Private Limited, buy the company report.
Board of directors of Cultgear Private Limited
Cultgear has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bishnu Prakash Hazari | Director | 20 Sep 2024 | 2 Years 1 Months | Current |
| Tarakkad Sreenivasan Anand | Whole-Time Director | 27 Jun 2024 | 2 Years 4 Months | Current |
Peer comparison
Cultgear Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arix Services Private Limited | ₹98.67 Cr (FY 2023) | 50.0% | Puri, Odisha, India | |||
| Baba Farid Solvex Private Limited | ₹98.66 Cr (FY 2025) | 12.0% | Punjab, India | |||
| Chourasia Electricals Private Limited | ₹98.66 Cr (FY 2025) | 1.0% | Patna, Bihar, India | |||
| Ashtel Services Private Limited | ₹98.66 Cr (FY 2025) | 12.0% | Kozhikode, Kerala, India | |||
| Sonal Paper Agencies Private Limited | ₹98.63 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Cultgear Private Limitedthis company | ₹98.57 Cr (FY 2025) | ₹3.75 Cr | 3.8% | 25.0% | Chennai, Tamil Nadu, India | |
| Bhagwandas Edible Oils Private Limited | ₹98.51 Cr (FY 2024) | 26.0% | Aligarh, Uttar Pradesh, India | |||
| Ranu Enterprises Private Limited | ₹98.5 Cr (FY 2015) | 0.0% | New Delhi, Delhi, India | |||
| Hastings Mill Limited | ₹98.49 Cr (FY 2025) | 15.0% | Hooghly, West Bengal, India | |||
| Dujari Textiles Private Limited | ₹98.47 Cr (FY 2020) | 27.0% | Mumbai, Maharashtra, India | |||
| Hamilton Medical India Private Limited | ₹98.44 Cr (FY 2025) | 230.0% | New Delhi, Delhi, India |
To see the full peer comparison of Cultgear Private Limited, buy the company report.
Charges & borrowings
Open charges
₹115 Cr
Satisfied charges
₹20 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Mar 2023 | 100697162 | Yes Bank Limited | ₹30 Cr | Open | |
| 17 Oct 2022 | 100673506 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Open | |
| 21 Sep 2022 | 100613604 | Axis Bank Limited | ₹45 Cr | Open | |
| 03 Jun 2022 | 100587647 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Satisfied |
To see the full charge records of Cultgear Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Cultgear Private Limited has 10 deals on record (7 rights issues, 3 acquisitions); the latest was in February 2023.
Total deals
10
Rights issues
7
Acquisitions
3
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Rights issue | ₹54 Cr | Investors: Cult.Fit Limited |
| Apr 2022 | Rights issue | ₹35 Cr | Investors: Cult.Fit Limited |
| Apr 2020 | Rights issue | ₹31.25 Cr | Investors: Cult.Fit Limited |
| Feb 2020 | Rights issue | ₹10 Cr | Investors: Cult.Fit Limited |
| Aug 2019 | Rights issue | ₹20 Cr | Investors: Cult.Fit Limited |
To see the full deal history of Cultgear Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cultgear Private Limited has 3 court cases on record: 3 filed by Cultgear. 1 case is pending and 2 are disposed.
Total cases
3
Filed by the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| High Court | Writ petition | Filed by the company against an individual | Disposed |
| NCLT, Bengaluru | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Cultgear Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Cultgear Private Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 135 overdue payments to 47 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Navsan Construction Private Limited | |||
| S and T Welcare Equipments Private Limited | |||
| Universal Footcare | |||
| Rapidstep Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Cultgear Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Cultgear has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCB5151H1ZX | Tamil Nadu | Active | 05 Jan 2022 |
| 29AAHCB5151H1ZM | Karnataka | Active | 12 Dec 2017 |
| 27AAHCB5151H1ZQ | Maharashtra | Active | 23 Dec 2021 |
| 19AAHCB5151H1ZN | West Bengal | Active | 18 Jan 2022 |
To see the full GST registrations and return filing status of Cultgear Private Limited, buy the company report.
Recent activity
Cultgear Private Limited has 13 board changes on record since 2018: 2 appointments and 11 cessations. The latest: Bishnu Prakash Hazari ceased to be Additional Director on 29 Sep 2024.
AGM
Cultgear Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Bishnu Prakash Hazari ceased to be Additional Director.
Ceased
Tarakkad Sreenivasan Anand ceased to be Additional Director.
Appointed
Bishnu Prakash Hazari was appointed as Director.
Ceased
Sivaram Narayanan ceased to be Additional Director.
Appointed
Tarakkad Sreenivasan Anand was appointed as Whole-Time Director.
Filing
Cultgear Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
Shamik Das Sharma ceased to be Whole-Time Director.
Ceased
Vishal Gahlaut ceased to be Additional Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 30.00 Cr with Charge ID 100697162 was registered on 18 Mar 2023.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 40.00 Cr with Charge ID 100673506 was registered on 17 Oct 2022.
Ceased
Siddarth Ravi Mokkapati ceased to be Additional Director.
9 earlier events are in the company report.
News
Frequently asked questions
Cultgear is an active private limited company based in Chennai, Tamil Nadu, India. The company works in online sports merchandise retail, within the e-commerce industry. It was incorporated on 07 November 2017 (9+ years old) and is registered under CIN U74999TN2017PTC177594.
Cultgear has 2 current directors:
- Tarakkad Sreenivasan Anand - Whole-Time Director
- Bishnu Prakash Hazari - Director
The latest financial statements of Cultgear on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Cultgear is 33AAHCB5151H1ZX, registered in Tamil Nadu. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 29AAHCB5151H1ZM (Karnataka), 27AAHCB5151H1ZQ (Maharashtra), 19AAHCB5151H1ZN (West Bengal).
The CIN (Corporate Identification Number) of Cultgear is U74999TN2017PTC177594. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cultgear has 3 court cases on record: 3 filed by the company. 1 is pending. Most are in the district courts.
Cultgear was incorporated on 07 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Cultgear has 10 deals on record (7 rights issues, 3 acquisitions); the latest was in February 2023.
The peers of Cultgear by revenue are Arix Services Private Limited, Baba Farid Solvex Private Limited, Chourasia Electricals Private Limited, Ashtel Services Private Limited, Sonal Paper Agencies Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Bishnu Prakash Hazari ceased to be Additional Director on 29 Sep 2024. Tarakkad Sreenivasan Anand ceased to be Additional Director on 29 Sep 2024. Bishnu Prakash Hazari was appointed as Director on 20 Sep 2024. Cultgear has 13 board changes on record in total.
Yes, Cultgear is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0284849).
Cultgear has 10 MSME Form 1 returns on record between 2020 and 2024, listing 135 overdue payments to 47 micro and small suppliers. The latest return was filed on 25 Apr 2024.
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