MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0037520
Deepam Silk Retail Private Limited - e-commerce in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹51.99 Cr
▲ 8% YoY
Net profit · FY 2024
₹72.78 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹3.8 Cr
EBITDA margin 7.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹96 Lakh
Issued & subscribed
Open charges
₹22.21 Cr
Satisfied ₹5.67 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
44
Provident fund records
About Deepam Silk Retail Private Limited
Data last updated:
Deepam Silk Retail Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 29 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52322KA2008PTC048126. Its GSTIN is 29AADCD0286D1ZU (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹96 Lakh. It is led by directors including Muthaiah Chandrashekar (Whole-Time Director) and Geetharanjani Chandrashekar (Whole-Time Director).
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.99 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹72.78 Lakh (net margin 1.4%) and EBITDA of ₹3.8 Cr (EBITDA margin 7.3%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 2% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Deepam Silks. As per MCA filings, the company has open charges of ₹22.21 Cr and satisfied charges of ₹5.67 Cr on record. Court records list 15 cases involving the company, including 1 filed by the company and 14 filed against it; 12 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹95 Lakh; the latest was in March 2017. Its 3 peer companies in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 1 smaller; the largest is Ajnasys Tech Solutions Private Limited with revenue of ₹55.56 Cr.
Deepam Silk Retail Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0037520). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website deepam.com.
Company details
CIN U52322KA2008PTC048126
Registration Number 048126
Incorporation Date 29 October 2008
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-03-0037520
Key People
Muthaiah Chandrashekar Whole-Time Director Geetharanjani Chandrashekar Whole-Time Director Muthaiah Vijayashekar Whole-Time Director Recognitions & Rankings of Deepam Silk Retail
Contact details
Deepam Silk Retail Private Limited's registered office is in Bangalore, Karnataka. Its website is deepam.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 67 Blu Moon Complex, M G Road, Bangalore, Karnataka, India – 560001
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of Deepam Silk Retail Private Limited, buy the company report.
Comprehensive company report
Deepam Silk 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
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Brands
Deepam Silk Retail operates one associated brand: Deepam Silks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retailing of silk sarees and ethnic wear in Bengaluru. | deepam.com |
Business activity
The main business activity of Deepam Silk 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 Deepam Silk Retail Private Limited, buy the company report.
Financials of Deepam Silk Retail Private Limited
FY 2025 filings availableDeepam Silk Retail Private Limited reported revenue of ₹51.99 Cr (up 8% YoY) for FY 2024.
Revenue · FY 2024
₹51.99 Cr ▲ 8%
Net profit · FY 2024
₹72.78 Lakh margin 1.4%
EBITDA · FY 2024
₹3.8 Cr margin 7.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 16%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 18%
5 years · compounded
▲ 11%
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 5% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹3.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹72.78 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Deepam Silk Retail Private Limited, buy the company report.
Board of directors of Deepam Silk Retail Private Limited
Deepam Silk Retail has 3 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 |
|---|---|---|---|---|
| Muthaiah Chandrashekar Also directs: CVG Retail Business Consultancy Services LLP | Whole-Time Director | 29 Oct 2008 | 18 Years 0 Months | Current |
| Geetharanjani Chandrashekar Also directs: CVG Retail Business Consultancy Services LLP | Whole-Time Director | 29 Oct 2008 | 18 Years 0 Months | Current |
| Muthaiah Vijayashekar | Whole-Time Director | 29 Oct 2008 | 18 Years 0 Months | Current |
Peer comparison
Deepam Silk Retail Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ajnasys Tech Solutions Private Limited | ₹55.56 Cr (FY 2024) | 5.0% | New Delhi, Delhi, India | |||
| Farida Gupta Retail Private Limited | ₹54.26 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Deepam Silk Retail Private Limitedthis company | ₹51.99 Cr (FY 2024) | ₹72.78 Lakh | 1.4% | 8.0% | 44 | Bangalore, Karnataka, India |
| Mila Star Retail Private Limited | ₹50.55 Cr (FY 2025) | -30.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Deepam Silk Retail Private Limited, buy the company report.
Auditor
Deepam Silk Retail Private Limited is audited by SURESH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURESH & CO. | FY 2023 | 004255S |
Shareholding
The shareholding of Deepam Silk Retail Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Deepam Silk Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.21 Cr
Satisfied charges
₹5.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Nov 2025 | 101194471 | Others | ₹4 Cr | Open | |
| 15 Sep 2023 | 100803914 | Others | ₹8.9 Lakh | Open | |
| 15 Sep 2023 | 100803917 | Others | ₹27.75 Lakh | Open | |
| 15 Sep 2023 | 100803944 | Others | ₹1.15 Cr | Open | |
| 29 Jun 2022 | 100587625 | Others | ₹1 Cr | Open |
To see the full charge records of Deepam Silk Retail Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Deepam Silk Retail Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹95 Lakh; the latest was in March 2017.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹95 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2009 | Funding round | ₹95 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Deepam Silk Retail Private Limited has 15 court cases on record: 1 filed by Deepam Silk Retail, 14 filed against it. 12 cases are pending and 3 are disposed.
Total cases
15
Filed by the company
1
Filed against the company
14
Pending
12
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 14 | 12 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Shingora Textiles Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Ummed Saree Centre | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Deepam Silk Retail 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.
Credit ratings & regulatory alerts
Deepam Silk Retail Private Limited was last rated by Crisil on 21 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Feb 2020 |
To see the full credit ratings and regulatory alerts of Deepam Silk Retail Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Deepam Silk Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Deepam Silk Retail Private Limited has a workforce of 44 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
2.33%
GST
Deepam Silk Retail has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCD0286D1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Deepam Silk Retail Private Limited, buy the company report.
Recent activity
Deepam Silk Retail Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Swarup Chandrashekar ceased to be Whole-Time Director on 15 Feb 2016.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101194471 was registered on 07 Nov 2025.
AGM
Deepam Silk Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Deepam Silk 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. 0.09 Cr with Charge ID 100803914 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 0.28 Cr with Charge ID 100803917 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 1.15 Cr with Charge ID 100803944 was registered on 15 Sep 2023.
Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100587625 was registered on 29 Jun 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100428963 was registered on 08 Feb 2021.
Charges
A charge with Others amounted to Rs. 0.31 Cr with Charge ID 100356762 was registered on 30 Jul 2020.
Charges
A charge with Others of Rs. 13.80 Cr registered on 21 Mar 2009 with Charge ID 10150728 was modified on 19 Jun 2020.
Charges
A charge registered on 18 Dec 2012 via Charge ID 10396745 with Bank Of Baroda was fully satisfied on 03 Mar 2017.
Charges
A charge registered on 12 Sep 2012 via Charge ID 10379480 with Bank Of Baroda was fully satisfied on 03 Mar 2017.
23 earlier events are in the company report.
Frequently asked questions
Deepam Silk Retail is an active private limited company based in Bangalore, Karnataka, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 29 October 2008 (18+ years old) and is registered under CIN U52322KA2008PTC048126.
Deepam Silk Retail has 3 current directors:
- Muthaiah Chandrashekar - Whole-Time Director
- Geetharanjani Chandrashekar - Whole-Time Director
- Muthaiah Vijayashekar - Whole-Time Director
The latest financial statements of Deepam Silk 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 2015 are in the company report.
The GSTIN of Deepam Silk Retail is 29AADCD0286D1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Deepam Silk Retail is U52322KA2008PTC048126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Deepam Silk Retail has 15 court cases on record: 1 filed by the company and 14 filed against it. 12 are pending.
Deepam Silk Retail was incorporated on 29 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Deepam Silk Retail has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹95 Lakh; the latest was in March 2017.
The peers of Deepam Silk Retail by revenue are Ajnasys Tech Solutions Private Limited, Farida Gupta Retail Private Limited, Mila Star Retail Private Limited, all in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading).
Swarup Chandrashekar ceased to be Whole-Time Director on 15 Feb 2016. Geetharanjani Chandrashekar ceased to be Director on 01 Dec 2008. Muthaiah Chandrashekar ceased to be Director on 01 Dec 2008. Deepam Silk Retail has 7 board changes on record in total.
Yes, Deepam Silk Retail is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0037520).
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