About Diverse Retails Private Limited
Data last updated: 11 February 2026
Diverse Retails Private Limited is a private limited company based in Bangalore, Karnataka, India. It specialises in sports equipment retail and distribution, a part of the broader consumer goods sector. Incorporated on 15 December 2016, the company has been in operation for over 10 years.
Registered with ROC Bangalore under CIN U74999KA2016PTC098488.
Capital: 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.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 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 3.18% compared to the previous year.
The company has a workforce of approximately 100 employees as per the latest available data.
The company is associated with 4 brands — Cultsport, Sugarfit, Azani, Cult.Fit. As per MCA filings, the company has satisfied charges of ₹90 Lakh on record.
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.
-
Email*****@*****.com
-
Telephone+91-****-******
-
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
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Diverse Retails Private Limited
Diverse Retails Private Limited operates multiple associated brands including Cultsport, Sugarfit, and Azani. These brands represent Diverse Retails Private Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Diverse Retails Private Limited
Brands and companies operating in the same space as Diverse Retails Private Limited include MyGlamm, Kapiva, BeatO and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
MyGlamm
|
Online platform selling beauty products, makeup, skincare, and cosmetics in India. | Mumbai, India, India | 2015 |
Kapiva
|
Ayurvedic healthcare and nutritional products are provided by Kapiva. | Bengaluru, India, India | 2016 |
BeatO
|
Smartphone-enabled glucometers and diabetes management apps are provided. | Delhi, India, India | 2015 |
Mamaearth
|
Online brand offering multi-category natural skin care and makeup products | Gurugram, India, India | 2016 |
HealthifyMe
|
AI-powered personalized nutrition and fitness coaching is provided. | Bengaluru, India, India | 2012 |
Deconstruct
|
Multi-category skincare products are offered through an online platform. | Bengaluru, India, India | 2020 |
Minimalist
|
Manufacturer of skincare, haircare, and baby care products addressing various skin and hair concerns | Jaipur, India, India | 2018 |
Goqii
|
Provider of a wearable wristband integrated with personalized coaching | Redwood City, United States, United States | 2014 |
Plum
|
Vegan skincare, haircare, and body care products are provided. | Thane, India, India | 2013 |
WOW Skin Science
|
Organic beauty products are offered by an internet-first brand. | Bengaluru, India, India | 2014 |
Business Activity of Diverse Retails Private Limited
Diverse Retails Private Limited operates primarily in the trade sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| ********* | Trade | ********* | Retail Trading | ********* |
Auditor Details of Diverse Retails Private Limited
Diverse Retails Private Limited is audited by AKK & Associates for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKK & Associates | blur-value | blur-value | blur-value |
Board of Directors of Diverse Retails Private Limited
Diverse Retails Private Limited is currently managed by 2 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devangam Nagaraju Kishore Kumar | Director | 15 Dec 2016 | 9 Years 6 Months | Current |
|
Prabhakar Sunder
Also directs:
Tannin Beverages Private Limited
|
Director | 26 Jun 2023 | 3 Years 0 Months | Current |
Financials of Diverse Retails Private Limited FY 2025 filings available
Diverse Retails Private Limited reported revenue of ₹288.53 Cr (up 3.18% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue from Operations | ***** | ***** | ***** | ***** | ***** |
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Other Income | ***** | ***** | ***** | ***** | ***** |
| Total Revenue | ***** | ***** | ***** | ***** | ***** |
| Expenses | |||||
| Total Expenses | ***** | ***** | ***** | ***** | ***** |
| Raw Material Cost | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory FG | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory WIP | ***** | ***** | ***** | ***** | ***** |
| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
| Employee Cost | ***** | ***** | ***** | ***** | ***** |
| Managerial Remuneration | ***** | ***** | ***** | ***** | ***** |
| Audit Fees | ***** | ***** | ***** | ***** | ***** |
| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| EBITDA (Operating Profit) | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| Exceptional Items | ***** | ***** | ***** | ***** | ***** |
| Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Exceptional & Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Tax & Net Profit | |||||
| Tax Expense | ***** | ***** | ***** | ***** | ***** |
| Current Tax | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax | ***** | ***** | ***** | ***** | ***** |
| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Tax on Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Profit | ***** | ***** | ***** | ***** | ***** |
| Net Margin % | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Shareholders' Funds | |||||
| Total Shareholders' Funds | ***** | ***** | ***** | ***** | ***** |
| Equity Capital | ***** | ***** | ***** | ***** | ***** |
| Reserves & Surplus | ***** | ***** | ***** | ***** | ***** |
| Money Against Warrants | ***** | ***** | ***** | ***** | ***** |
| Other Equity | ***** | ***** | ***** | ***** | ***** |
| Non-Current Liabilities | |||||
| Total Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Current Liabilities | |||||
| Total Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
| Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Tangible Assets | ***** | ***** | ***** | ***** | ***** |
| Intangible Assets | ***** | ***** | ***** | ***** | ***** |
| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
| Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Investments | ***** | ***** | ***** | ***** | ***** |
| Inventories | ***** | ***** | ***** | ***** | ***** |
| Trade Receivables | ***** | ***** | ***** | ***** | ***** |
| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
| +/- Inventory | ***** | ***** | ***** | ***** | ***** |
| +/- Debtors | ***** | ***** | ***** | ***** | ***** |
| +/- Creditors | ***** | ***** | ***** | ***** | ***** |
| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFO (Cash from Operations) | ***** | ***** | ***** | ***** | ***** |
| Cash from Investing Activities (CFI) | |||||
| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Capex | ***** | ***** | ***** | ***** | ***** |
| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
| Cash from Financing Activities (CFF) | |||||
| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
| Debt Raised | ***** | ***** | ***** | ***** | ***** |
| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
| Net Cash Position | |||||
| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio | ***** | ***** | ***** | ***** | ***** |
| Quick Ratio | ***** | ***** | ***** | ***** | ***** |
| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
| Growth | |||||
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Leverage | |||||
| Equity Multiplier | ***** | ***** | ***** | ***** | ***** |
| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
| Solvency | |||||
| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Diverse Retails Private Limited
As of FY 2024, Diverse Retails Private Limited's shareholding pattern shows 80.64% by promoters, 19.36% by public shareholders. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
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
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 Count & EPFO Data of Diverse Retails Private Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Diverse Retails Private Limited
GSTIN & GST Filing Data of Diverse Retails Private Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Diverse Retails Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Diverse Retails Private Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Diverse Retails Private Limited
MSME Payment Delays by Diverse Retails Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Diverse Retails Private Limited
Subsidiaries & Group Companies of Diverse Retails Private Limited
See the full corporate group — holding company, subsidiaries, associates and joint ventures of Diverse Retails Private Limited with ownership details.
MCA Filings & Documents of Diverse Retails Private Limited
MCA Filings & Documents of Diverse Retails Private Limited
Download official documents filed with the Ministry of Corporate Affairs — from incorporation papers to the latest annual filings.
Recent Activity on Diverse Retails Private Limited
Recent News on Diverse Retails Private Limited
Frequently Asked Questions about Diverse Retails Private Limited
Diverse Retails Private Limited is an active private limited company in the consumer goods sector based in Bangalore, Karnataka, India. It was incorporated on 15 December 2016 (10+ years old) and is registered under CIN U74999KA2016PTC098488. The company has 100 employees.
Diverse Retails Private Limited reported revenue of ₹288.68 Cr for FY 2025 (up 3.18% YoY).
The current directors of Diverse Retails Private Limited are:
The primary industry of Diverse Retails Private Limited is consumer goods. The company specifically operates in sports equipment retail and distribution. The company is currently active in this sector.
Diverse Retails Private Limited can be reached at the registered office: Bhive Workspace No. 112 Akr Techpark A Block 7Th Mile Hosur Road Krishna Reddy Indus, Trial Area, Bangalore, Karnataka, India – 560068, or through the website cult.fit.
The authorised capital is ₹20 Lakh, and the paid-up capital is ₹9.69 Lakh.