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Freshmart Exclusive Retail Private Limited
Freshmart Exclusive Retail Private Limited - internet in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹19,129
▲ 45% YoY
Net loss · FY 2024
₹9,001
Net margin -47.1%
EBITDA · FY 2024
-₹9,001
EBITDA margin -47.1%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4.11 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Freshmart Exclusive Retail Private Limited
Data last updated:
Freshmart Exclusive Retail Private Limited was a private limited company based in Bangalore, Karnataka, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the online entertainment platforms segment of the internet and digital services sector. It was incorporated on 29 September 2017.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2017PTC106851. Its GSTIN is 29AADCF2155K2ZG (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4.11 Lakh. It was formerly known as Vernacon Entertainment Private Limited and Framelessart Retail Private Limited. It was led by directors Manipanda Aiyanna Ganapathi and Kusugolli Manjappa Gowda Vivekananda.
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 was at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹19,129, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹9,001 (net margin -47.1%) and EBITDA of -₹9,001 (EBITDA margin -47.1%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 39% over five years.
The company was associated with 1 brand: Nayatel.
Company details
CIN U74110KA2017PTC106851
Registration Number 106851
Incorporation Date 29 September 2017
ROC Bangalore
Listing Status Unlisted
Company Status Struck Off
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Name history
Freshmart Exclusive Retail has undergone 2 name changes throughout its history. The company was previously known as Vernacon Entertainment Private Limited, and Framelessart Retail Private Limited. The current legal name is Freshmart Exclusive Retail Private Limited.
| Company Name | Status |
|---|---|
| Freshmart Exclusive Retail Private Limited | Current |
| Vernacon Entertainment Private Limited | Previous |
| Framelessart Retail Private Limited | Previous |
CIN history
Freshmart Exclusive Retail has one previous CIN (Corporate Identification Number): U74999KA2017PTC106851. The current CIN is U74110KA2017PTC106851, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2017PTC106851 | Current |
| U74999KA2017PTC106851 | Previous |
Recognitions & Rankings of Freshmart Exclusive Retail
Contact details
Freshmart Exclusive Retail Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 23 2nd Cross Sai Green Apartment Road Babusabpalya Kalyan Nagar Post Outer R, Ing Road, Bangalore, Karnataka, India – 560043
- IndustryInternet, Online Entertainment Platforms
To see the full contact details of Freshmart Exclusive Retail Private Limited, buy the company report.
Comprehensive company report
Freshmart Exclusive 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
Freshmart Exclusive Retail operates one associated brand: Nayatel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides fiber internet, cable TV, and telephone services across Pakistan. | nayatel.com |
Financials of Freshmart Exclusive Retail Private Limited
FY 2024 filings availableFreshmart Exclusive Retail Private Limited reported revenue of ₹19,129 (up 45% YoY) for FY 2024.
Revenue · FY 2024
₹19,129 ▲ 45%
Net loss · FY 2024
₹9,001 margin -47.1%
EBITDA · FY 2024
-₹9,001 margin -47.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▼ 57%
5 years · compounded
▲ 39%
EBITDA CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 88%
5 years · compounded
▲ 73%
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 45% growth in the latest year. EBITDA rose 75% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9,001 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹9,001 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -47.1% | ||||
| Net Profit Margin | -47.1% | ||||
| 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 Freshmart Exclusive Retail Private Limited, buy the company report.
Board of directors of Freshmart Exclusive Retail Private Limited
Freshmart Exclusive Retail has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manipanda Aiyanna Ganapathi | Director | 25 Oct 2021 | 5 Years 0 Months | As last reported |
| Kusugolli Manjappa Gowda Vivekananda Also directs: Falcon Defsol Private Limited, Jewels Online Distribution India Private Limited, Pra AI Technologies Private Limited and 5 more | Director | 18 Jun 2022 | 4 Years 4 Months | As last reported |
Peer comparison
Freshmart Exclusive Retail Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Entertainment), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laughing Buddha Entertainment Knowledge Private Limited | ₹19,448 (FY 2021) | 59.0% | Mumbai, Maharashtra, India | |||
| Freshmart Exclusive Retail Private Limitedthis company | ₹19,129 (FY 2024) | -₹9,001 | -47.1% | 45.0% | Bangalore, Karnataka, India | |
| Hathway Cable Entertainment Private Limited | ₹19,000 (FY 2025) | Mumbai, Maharashtra, India | ||||
| P N A Entertainment Private Limited | ₹18,791 (FY 2019) | 10.0% | New Delhi, Delhi, India |
To see the full peer comparison of Freshmart Exclusive Retail Private Limited, buy the company report.
Auditor
Freshmart Exclusive Retail Private Limited is audited by B M MANJUNATH & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B M MANJUNATH & ASSOCIATES | FY 2020 | 007546S |
Shareholding
The shareholding of Freshmart Exclusive Retail Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Freshmart Exclusive Retail Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Freshmart Exclusive Retail Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Freshmart Exclusive Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Freshmart Exclusive Retail has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCF2155K2ZG | Karnataka | Active | 24 Apr 2021 |
To see the full GST registrations and return filing status of Freshmart Exclusive Retail Private Limited, buy the company report.
Recent activity
Freshmart Exclusive Retail Private Limited has 8 board changes on record since 2017: 5 appointments and 3 cessations. The latest: Kusugolli Manjappa Gowda Vivekananda was appointed as Director on 18 Jun 2022.
AGM
Freshmart Exclusive Retail Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Freshmart Exclusive Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Appointed
Kusugolli Manjappa Gowda Vivekananda was appointed as Director.
Ceased
Srinivas Anumolu ceased to be Director.
Ceased
Kiran Goudappa Patil ceased to be Director.
Appointed
Manipanda Aiyanna Ganapathi was appointed as Director.
Ceased
Shobha Narayan ceased to be Director.
Appointed
Srinivas Anumolu was appointed as Director.
Appointed
Kiran Goudappa Patil was appointed as Director.
Appointed
Shobha Narayan was appointed as Director.
Incorporation
29 Sep 2017
Freshmart Exclusive Retail Private Limited was registered on 29 Sep 2017 with Roc Bangalore & aged 9 years 1 month as per MCA records.
News
Frequently asked questions
Freshmart Exclusive Retail has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Freshmart Exclusive Retail was a private limited company based in Bangalore, Karnataka, India. The company worked in online entertainment platforms, within the internet industry. It was incorporated on 29 September 2017 and is registered under CIN U74110KA2017PTC106851. The company has been struck off by the Registrar of Companies and is no longer operational.
Freshmart Exclusive Retail had 2 directors:
- Manipanda Aiyanna Ganapathi - Director
- Kusugolli Manjappa Gowda Vivekananda - Director
The CIN (Corporate Identification Number) of Freshmart Exclusive Retail is U74110KA2017PTC106851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Freshmart Exclusive Retail is at No. 23 2nd Cross Sai Green Apartment Road Babusabpalya Kalyan Nagar Post Outer R, Ing Road, Bangalore, Karnataka, India – 560043.
Freshmart Exclusive Retail was incorporated on 29 September 2017. It is registered with the Registrar of Companies, Bangalore.
Yes, Freshmart Exclusive Retail is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The latest financial statements of Freshmart Exclusive Retail 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 Freshmart Exclusive Retail is 29AADCF2155K2ZG, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Freshmart Exclusive Retail operated in the internet industry, in the online entertainment platforms segment. It worked in this industry before it was struck off.
The peers of Freshmart Exclusive Retail by revenue are Laughing Buddha Entertainment Knowledge Private Limited, Hathway Cable Entertainment Private Limited, P N A Entertainment Private Limited, all in the Ecommerce and Internet industry (Entertainment), with the same principal business activity (motion picture, video and television programme production, sound recording and music publishing activities).
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