About Diverse Retails Private Limited
Data last updated:
Diverse Retails Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the sports equipment retail and distribution segment of the consumer goods sector. It was incorporated on 15 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC098488. Its GSTIN is 29AAFCD9426P1ZV (Karnataka). The company holds 40 GST registrations, of which 39 are active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹9.69 Lakh. It is led by directors Devangam Nagaraju Kishore Kumar and Prabhakar Sunder.
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 112 Akr Techpark, Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹288.68 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹10.61 Cr (net margin 3.7%) and EBITDA of ₹10.6 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 82% over three years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 4 brands: Cultsport, Sugarfit, Azani and Cult.fit. As per MCA filings, the company has satisfied charges of ₹90 Lakh on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.29 Cr; the latest was in March 2021. Its 10 peer companies in the Consumer Products industry (Healthcare Equipment Retail and Distribution, Sports Equipment Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Chhattisgarh Medical Services Corporation Limited. The company has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cult.fit.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressBhive Workspace No. 112 Akr Techpark A Block 7th Mile Hosur Road Krishna Reddy Indus, Trial Area, Bangalore, Karnataka, India – 560068
- IndustryConsumer Goods, Sports Equipment Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Diverse Retails Private Limited
The main business activity of Diverse Retails is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Diverse Retails Private Limited FY 2025 filings available
Diverse Retails Private Limited reported revenue of ₹288.68 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Diverse Retails Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 82% over three years, including 3% growth 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 of Diverse Retails Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹288.68 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹10.6 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.61 Cr | •••• | •••• | •••• | •••• |
| 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 of Diverse Retails Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Diverse Retails are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Diverse Retails Private Limited
Diverse Retails Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Healthcare Equipment Retail and Distribution, Sports Equipment Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chhattisgarh Medical Services Corporation Limited | •••• | •••• | •••• | •••• | - | Raipur, Chattisgarh, India |
| Varian Medical Systems International (India) Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Covidien Healthcare India Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| My Healthskape Medicals Private Limited | •••• | •••• | •••• | •••• | 196 | Mumbai, Maharashtra, India |
| Diverse Retails Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Impex Healthcare Private Limited | •••• | •••• | •••• | •••• | 43 | New Delhi, Delhi, India |
| Avenues Pharma Distributors Private Limited | •••• | •••• | •••• | •••• | 193 | Bangalore, Karnataka, India |
| P K International Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Heraeus Technologies India Private Limited | •••• | •••• | •••• | •••• | 158 | Greater Noida, Uttar Pradesh, India |
| Resmed India Private Limited | •••• | •••• | •••• | •••• | 65 | New Delhi, Delhi, India |
| Sai Pharma Distributors Private Limited | •••• | •••• | •••• | •••• | 51 | Secunderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Diverse Retails by revenue in the Consumer Products industry (Healthcare Equipment Retail and Distribution, Sports Equipment Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Diverse Retails Private Limited
Diverse Retails Private Limited is audited by AKK & Associates for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKK & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Diverse Retails Private Limited
Diverse Retails has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devangam Nagaraju Kishore Kumar | Director | 15 Dec 2016 | 9 Years 9 Months | Current |
| Prabhakar Sunder Also directs: Tannin Beverages Private Limited | Director | 26 Jun 2023 | 3 Years 3 Months | Current |
Ownership and Shareholding of Diverse Retails Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Diverse Retails Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Mar 2021 | Axis Bank Limited | ₹90 Lakh | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Diverse Retails Private Limited
Diverse Retails Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.29 Cr; the latest was in March 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2019 | Funding round | ₹1 Cr | Investors: an individual |
| Mar 2017 | Funding round | ₹29.4 Lakh | Investors: an individual |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Diverse Retails Private Limited
Diverse Retails Private Limited has 3 court cases on record: 3 filed by Diverse Retails. 2 cases are pending and 1 is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Diverse Retails Private Limited
Diverse Retails Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ascent HR Technologies Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Lead Tax Management Solutions Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Diverse Retails Private Limited
Diverse Retails operates multiple associated brands including Cultsport, Sugarfit, and Azani. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform selling sportswear, fitness equipment, and accessories for workouts. | cultsport.com | |
| Diabetes care and reversal programs are provided to patients. | sugarfit.com | |
| Beauty and nutrition products are offered via an internet-first model. | azanicare.com | |
| Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | cult.fit |
Employees and EPFO Compliance at Diverse Retails Private Limited
Diverse Retails Private Limited has a workforce of 100 employees as of Feb 11, 2026.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Diverse Retails Private Limited
Recent Activity on Diverse Retails Private Limited
Diverse Retails Private Limited has 6 board changes on record since 2016: 2 appointments and 4 cessations. The latest: Prabhakar Sunder ceased to be Additional Director on 29 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Diverse Retails Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Diverse Retails Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Diverse Retails Private Limited
Diverse Retails has 40 GST registrations: 39 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCD9426P1ZV | Karnataka | Active | 01 Jul 2017 |
| 29AAFCD9426P1C6 | Karnataka | Active | 11 Oct 2018 |
| 29AAFCD9426P2ZU | Karnataka | Active | 01 Jan 2026 |
| 06AAFCD9426P1Z3 | Haryana | Active | 02 Jan 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Diverse Retails Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Diverse Retails Private Limited
Diverse Retails is an active private limited company based in Bangalore, Karnataka, India. The company works in sports equipment retail and distribution, within the consumer goods industry. It was incorporated on 15 December 2016 (10+ years old) and is registered under CIN U74999KA2016PTC098488.
Diverse Retails reported revenue of ₹288.68 Cr for FY 2025 (up 3% YoY).
Diverse Retails has 2 current directors:
- Devangam Nagaraju Kishore Kumar - Director
- Prabhakar Sunder - Director
Diverse Retails reported a net profit of ₹10.61 Cr (net margin 3.7%) and EBITDA of ₹10.6 Cr (EBITDA margin 3.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Diverse Retails is 82% over three years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Diverse Retails is 29AAFCD9426P1ZV, registered in Karnataka. The company has 40 GST registrations in all, of which 39 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAFCD9426P1C6 (Karnataka), 29AAFCD9426P2ZU (Karnataka), 06AAFCD9426P1Z3 (Haryana).
The CIN (Corporate Identification Number) of Diverse Retails is U74999KA2016PTC098488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Diverse Retails has 3 court cases on record: 3 filed by the company. 2 are pending.
Diverse Retails was incorporated on 15 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Diverse Retails has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.29 Cr; the latest was in March 2021.
The peers of Diverse Retails by revenue are Chhattisgarh Medical Services Corporation Limited, Varian Medical Systems International (India) Private Limited, Covidien Healthcare India Private Limited, My Healthskape Medicals Private Limited, Impex Healthcare Private Limited and 5 more, all in the Consumer Products industry (Healthcare Equipment Retail and Distribution, Sports Equipment Retail and Distribution).
Prabhakar Sunder ceased to be Additional Director on 29 Sep 2023. Prabhakar Sunder was appointed as Director on 26 Jun 2023. Peddathimma Srinivas Reddy ceased to be Additional Director on 30 Nov 2021. Diverse Retails has 6 board changes on record in total.