About Element Retail Private Limited
Data last updated:
Element Retail Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 11 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2015PTC268332. Its GSTIN is 27AAECE0582E1ZV (Maharashtra). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Varun Vasant Bagadiya and Aditya Sanjeev Bafna.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹121.52 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3 Cr (net margin 2.5%) and EBITDA of ₹12.97 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 409% over three years and 16% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Element Retail. As per MCA filings, the company has open charges of ₹83.77 Cr and satisfied charges of ₹2 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2016. Its 10 peer companies in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Allure Enterprises Private Limited. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 128 overdue payments to 63 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 elementretail.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFlat No.404 Casa Grande Senapati Bapat Marg Nr Matulya Mill Compound Lower Parel D, Elisle Rd, Mumbai, Maharashtra, India – 400013
- IndustryFashion and Textile, Fashion Retail
- 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 Element Retail Private Limited
The main business activity of Element Retail 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 Element Retail Private Limited FY 2025 filings available
Element Retail Private Limited reported revenue of ₹121.52 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Element Retail Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA rose 24% 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 Element Retail 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 | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹121.52 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹12.97 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3 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 Element Retail Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.5% | •••• | •••• | •••• | •••• |
| 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 Element Retail are in the company report.
Financial statements from FY 2016
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 Element Retail Private Limited
Element Retail Private Limited is compared with the companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Footwear 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 |
|---|---|---|---|---|---|---|
| Allure Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Goel Retail Products Private Limited | •••• | •••• | •••• | •••• | 39 | New Delhi, Delhi, India |
| Powerlook Apparels Private Limited | •••• | •••• | •••• | •••• | 89 | Goregaon East, Maharashtra, India |
| Torpedo Shoes Private Limited | •••• | •••• | •••• | •••• | 31 | Uttar Pradesh, India |
| Kiaasa Retail Limited | •••• | •••• | •••• | •••• | 197 | Ghaziabad, Uttar Pradesh, India |
| Element Retail Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Damensch Apparel Private Limited | •••• | •••• | •••• | •••• | 85 | Bangalore South, Karnataka, India |
| Rich Cotton Museum Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Srigopal Yarn Trading Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Vedanth.Com Worldwide Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Universal LSS Exports India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Element Retail by revenue in the Apparel industry (Apparel Retail and Distribution, Footwear 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 Element Retail Private Limited
Element Retail Private Limited is audited by C.B CHAJJED & CO for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C.B CHAJJED & CO | 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 Element Retail Private Limited
Element Retail has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Vasant Bagadiya | Director | 26 Nov 2015 | 10 Years 10 Months | Current |
| Aditya Sanjeev Bafna Also directs: Seva Automotive Private Limited, Rushabh Motors Private Limited, Seva Trucking Private Limited and 1 more | Director | 11 Sep 2015 | 11 Years 0 Months | Current |
Ownership and Shareholding of Element Retail 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 Element Retail Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Mar 2025 | Hdfc Bank Limited | ₹5.39 Cr | Open |
| 06 Oct 2018 | Hdfc Bank Limited | ₹7 Cr | Open |
| 05 Jul 2017 | Hdfc Bank Limited | ₹71.39 Cr | Open |
| 21 Feb 2022 | Hdfc Bank Limited | ₹2 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Element Retail Private Limited
Element Retail Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Funding round | ₹99 Lakh | Investors: an individual |
Full deal history
All 1 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 Element Retail Private Limited
Element Retail Private Limited has 2 court cases on record: 2 filed by Element Retail. 1 case is pending and 1 is disposed. Status as checked between 01 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nashik, Maharashtra | Civil suit | Filed by the company against Outlead Solutions | Pending |
| Bombay High Court | Writ petition | Filed by the company against Union of India and 7 others | Disposed |
Full case history
All 2 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 Element Retail Private Limited
Element Retail Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 128 overdue payments to 63 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 63)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shark Shopfits Private Limited | •••• | •••• | •••• |
| KP Actuaries and Consultants LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 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 Element Retail Private Limited
Element Retail operates one associated brand: Element Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retail and contact services in Mumbai. | elementretail.in |
Employees and EPFO Compliance at Element Retail Private Limited
Element Retail Private Limited has a workforce of 18 employees as of Sep 23, 2025.
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.
Recent Activity on Element Retail Private Limited
Element Retail Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Sonu Aditya Bafna ceased to be Additional Director on 29 Sep 2017.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Element Retail 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 Element Retail 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 Element Retail Private Limited
Element Retail has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE0582E1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AAECE0582E2ZU | Maharashtra | Active | 01 Jan 2024 |
| 23AAECE0582E1Z3 | Madhya Pradesh | Active | 23 Aug 2018 |
| 22AAECE0582E1Z5 | Chattisgarh | Active | 05 Jun 2019 |
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 Element Retail 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 Element Retail Private Limited
Element Retail is an active private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 11 September 2015 (11+ years old) and is registered under CIN U74120MH2015PTC268332.
Element Retail reported revenue of ₹121.52 Cr for FY 2025 (down 3% YoY).
Element Retail has 2 current directors:
- Varun Vasant Bagadiya - Director
- Aditya Sanjeev Bafna - Director
Element Retail reported a net profit of ₹3 Cr (net margin 2.5%) and EBITDA of ₹12.97 Cr (EBITDA margin 10.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Element Retail is 409% over three years and 16% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Element Retail is 27AAECE0582E1ZV, registered in Maharashtra. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECE0582E2ZU (Maharashtra), 23AAECE0582E1Z3 (Madhya Pradesh), 22AAECE0582E1Z5 (Chattisgarh).
The CIN (Corporate Identification Number) of Element Retail is U74120MH2015PTC268332. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Element Retail has 2 court cases on record: 2 filed by the company. 1 is pending. Most are in the high courts.
Element Retail was incorporated on 11 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Element Retail has 1 deal on record (1 funding round), with disclosed funding of ₹99 Lakh; the latest was in February 2016.
The peers of Element Retail by revenue are Allure Enterprises Private Limited, Goel Retail Products Private Limited, Powerlook Apparels Private Limited, Torpedo Shoes Private Limited, Kiaasa Retail Limited and 5 more, all in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution).
Sonu Aditya Bafna ceased to be Additional Director on 29 Sep 2017. Mayurkumar Ramanlal Meher ceased to be Director on 03 Feb 2017. Varun Vasant Bagadiya was appointed as Director on 26 Nov 2015. Element Retail has 4 board changes on record in total.