About GFM Retail Private Limited
Data last updated:
GFM Retail Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the retail trading segment of the trading and commerce sector. It was incorporated on 06 October 2015.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2015PTC102467. Its GSTIN is 33AAGCG1284K2ZJ (Tamil Nadu). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹35.88 Lakh and a paid-up capital of ₹2.82 Lakh. It is led by directors including Chandrasekaran Mutharasapuram Ganesan (Irp/Rp/Liquidator) and Varun Prasad Ravichandran.
Its last annual general meeting (AGM) was held on 27 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at No 2 4th Cross 1st Main Road S.V.S Nagar Valsarvakkam, Chennai, Tamil Nadu, India – 600087.
As per the financials filed for FY 2022, the company reported a revenue of ₹132.16 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net loss of ₹126.85 Cr (net margin -96%) and EBITDA of -₹116.94 Cr (EBITDA margin -88.5%). Revenue has grown at a compounded annual rate (CAGR) of 93% over three years and 106% over five years.
The company has about 1,208 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: TenderCuts. As per MCA filings, the company has open charges of ₹56.56 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 28 cases involving the company, including 28 filed against it; 2 cases are pending. The company has 17 deals on record (7 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹399.87 Cr; the latest was in April 2026. The company has 6 MSME Form 1 returns on record between 2020 and 2022, listing 144 overdue payments to 36 micro and small suppliers.
The last known website on record is tendercuts.in.
Company details
Contact details
GFM Retail Private Limited's registered office is in Chennai, Tamil Nadu. Its website is tendercuts.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressNo 2 4th Cross 1st Main Road S.V.S Nagar Valsarvakkam, Chennai, Tamil Nadu, India – 600087
- IndustryTrading, Retail Trading, Retailers
To see the full contact details of GFM Retail Private Limited, buy the company report.
- 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
Brands
GFM Retail operates one associated brand: TenderCuts. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online app-based retailer for meat and poultry products | tendercuts.in |
Business activity
The main business activity of GFM 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 GFM Retail Private Limited, buy the company report.
Financials of GFM Retail Private Limited
FY 2022 filings availableGFM Retail Private Limited reported revenue of ₹132.16 Cr (up 69% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 106% over five years, including 69% growth in the latest year. EBITDA fell 338% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹132.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹116.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹126.85 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -88.5% | ||||
| Net Profit Margin | -96% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 GFM Retail Private Limited, buy the company report.
Board of directors and KMP of GFM Retail Private Limited
GFM Retail Private Limited currently reports 3 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandrasekaran Mutharasapuram Ganesan Also directs: AAA Insolvency Professionals LLP | Irp/Rp/Liquidator | 16 Jan 2025 | 1 Years 9 Months | As last reported |
| Varun Prasad Ravichandran Also directs: Aks Research Solutions Private Limited | Director | 13 Mar 2020 | 6 Years 7 Months | As last reported |
| Nishanth Ravichandran Also directs: Visuai Solutions Private Limited | Ceo | 02 Dec 2022 | 3 Years 11 Months | As last reported |
| Hitesh Narayanprasad Agrawal Also directs: Vcan Resolve Ipe LLP, V C A N & Co LLP, Seedbid Corporate Advisors Private Limited and 2 more | Irp/Rp/Liquidator | 17 Apr 2024 | 2 Years 6 Months | As last reported |
Auditor
GFM Retail Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of GFM Retail Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GFM Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Mar 2023 | 100706830 | Others | ₹1.56 Cr | Open | |
| 19 Jan 2023 | 100677239 | Hdfc Bank Limited | ₹15 Cr | Open | |
| 23 Feb 2022 | 100556888 | Others | ₹10 Cr | Open | |
| 04 Dec 2021 | 100531312 | Others | ₹30 Cr | Open | |
| 09 Nov 2017 | 100140975 | Others | ₹4.5 Cr | Satisfied |
To see the full charge records of GFM Retail Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
GFM Retail Private Limited has 17 deals on record (7 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹399.87 Cr; the latest was in April 2026.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2026 | Funding round | ₹110 Cr | Investors: Paragon Partners, NABVENTURES |
| Apr 2026 | Debt financing | ₹18.72 Cr | Investors: Lakme Finance |
| Sep 2023 | Acquisition | Undisclosed | Buyer: Good to Go Foodworks Private Limited Seller: Stride Ventures |
| Feb 2022 | Debt financing | ₹10 Cr | Investors: Stride Ventures |
| Mar 2020 | Other deal · Pre-Series A | ₹12.5 Cr | Buyer: NS Trading and Investments LLP |
To see the full deal history of GFM Retail Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GFM Retail Private Limited has 28 court cases on record: 28 filed against it. 2 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 22 | 1 |
| District courts | 4 | 4 | 1 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by Spi Cinemas Private Limited, and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Puretech Internet Private Limited | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed against the company by M/S Cut2cut Ventures LLP, Rep.By Mr.Nitin Siva, | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by an individual | Pending |
| Madras High Court | Appeal | Filed against the company by an individual | Disposed |
To see the full case history of GFM 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.
MSME payment delays
GFM Retail Private Limited has 6 MSME Form 1 returns on record between 2020 and 2022, listing 144 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Juspay Technologies Private Limited | |||
| Star Labels and Solutions | |||
| Ozonetel Communications Private Limited | |||
| an individual supplier |
To see the full MSME payment records of GFM Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
GFM Retail Private Limited has a workforce of 1,208 employees on its EPFO records as of Jul 25, 2024, across 1 active EPFO establishment.
GST
GFM Retail has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCG1284K2ZJ | Tamil Nadu | Active | 22 Mar 2021 |
| 33AAGCG1284K1CV | Tamil Nadu | Active | 31 Mar 2023 |
To see the full GST registrations and return filing status of GFM Retail Private Limited, buy the company report.
Recent activity
GFM Retail Private Limited has 12 board changes on record since 2016: 4 appointments and 8 cessations. The latest: Chandrasekaran Mutharasapuram Ganesan was appointed as Irp/Rp/Liquidator on 16 Jan 2025.
11 earlier events are in the company report.
News
Frequently asked questions
GFM Retail is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
GFM Retail is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in retail trading, within the trading industry. It was incorporated on 06 October 2015 and is registered under CIN U74900TN2015PTC102467. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
GFM Retail has 4 current directors and KMP:
- Varun Prasad Ravichandran - Director
- Chandrasekaran Mutharasapuram Ganesan - Irp/Rp/Liquidator
- Nishanth Ravichandran - Ceo
- Hitesh Narayanprasad Agrawal - Irp/Rp/Liquidator
The latest financial statements of GFM Retail on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 December 2022. Year-wise statements from FY 2016 are in the company report.
The CIN (Corporate Identification Number) of GFM Retail is U74900TN2015PTC102467. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GFM Retail has open charges of ₹56.56 Cr and satisfied charges of ₹4.5 Cr as per latest MCA filings.
GFM Retail has 28 court cases on record: 28 filed against it. 2 are pending. Most are in the high courts.
GFM Retail was incorporated on 06 October 2015. It is registered with the Registrar of Companies, Chennai.
GFM Retail has 17 deals on record (7 funding rounds, 3 debt financings, 3 convertible or debt financings), with disclosed funding of ₹399.87 Cr; the latest was in April 2026.
Chandrasekaran Mutharasapuram Ganesan was appointed as Irp/Rp/Liquidator on 16 Jan 2025. Hitesh Narayanprasad Agrawal was appointed as Irp/Rp/Liquidator on 17 Apr 2024. Mukund Anil Khetan ceased to be Nominee Director on 07 Jul 2023. GFM Retail has 12 board changes on record in total.
GFM Retail has 6 MSME Form 1 returns on record between 2020 and 2022, listing 144 overdue payments to 36 micro and small suppliers. The latest return was filed on 31 Oct 2022.
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