About Gi Retail Private Limited
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Gi Retail Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 24 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72900TN2009PTC072064. Its GSTIN is 33AADCG4893R1ZW (Tamil Nadu). The company holds 15 GST registrations, all of them active.
The company has an authorised share capital of ₹6.01 Cr and a paid-up capital of ₹5.29 Cr. It was formerly known as Game Stars Techsol Private Limited. It is led by directors Ramu Annamalai Ramasamy (Managing Director) and Palaniyapan Ramasamy (Whole-Time Director).
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 is at 3rd Floor No C9 T. V. K Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032.
As per the financials filed for FY 2024, the company reported a revenue of ₹98.46 Lakh, a growth of 94% compared to the previous year. For the same year it recorded a net loss of ₹3.58 Cr (net margin -363.5%) and EBITDA of -₹82.59 Lakh (EBITDA margin -83.9%). Revenue has declined at a compounded annual rate (CAGR) of 25% over three years and 36% over five years.
The company has about 20 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: GI Retail. As per MCA filings, the company has open charges of ₹13.16 Cr and satisfied charges of ₹5.35 Cr on record. Court records list 65 cases involving the company, including 53 filed by the company and 12 filed against it; 6 cases are pending. The company has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹45.15 Cr; the latest was in March 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website giretail.com.
Company details
Contact details
Gi Retail Private Limited's registered office is in Chennai, Tamil Nadu. Its website is giretail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor No C9 T. V. K Industrial Estate Guindy, Chennai, Tamil Nadu, India – 600032
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Gi 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
Gi Retail operates one associated brand: GI Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Technology-enabled solutions are provided for logistics, hospitality, and financial services. | giretail.com |
Business activity
The main business activity of Gi Retail is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Gi Retail Private Limited, buy the company report.
Financials of Gi Retail Private Limited
FY 2024 filings availableGi Retail Private Limited reported revenue of ₹98.46 Lakh (up 94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 94% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 36%. EBITDA rose 69% 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 |
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| EBITDA | -₹82.59 Lakh | ||||
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| Net Profit (PAT) | -₹3.58 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -83.9% | ||||
| Net Profit Margin | -363.5% | ||||
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To see the full financial statements and ratios of Gi Retail Private Limited, buy the company report.
Board of directors of Gi Retail Private Limited
Gi Retail has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramu Annamalai Ramasamy Also directs: Gi Smartrealties Private Limited, Gi Smart Parking Tech Private Limited, Gi Technology Private Limited and 1 more | Managing Director | 13 Oct 2014 | 12 Years 0 Months | Current |
| Palaniyapan Ramasamy Also directs: Gi Smartrealties Private Limited, Gi Smart Parking Tech Private Limited, Gi Technology Private Limited and 1 more | Whole-Time Director | 13 Oct 2014 | 12 Years 0 Months | Current |
Auditor
Gi Retail Private Limited is audited by KURIACHAN &NOVA for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KURIACHAN &NOVA | FY 2022 | 006064S |
Shareholding
The shareholding of Gi 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Gi Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 May 2018 | 100189139 | Others | ₹3 Cr | Open | |
| 15 May 2018 | 100189140 | Others | ₹10.16 Cr | Open | |
| 31 Mar 2017 | 100108130 | Hdfc Bank Limited | ₹5.35 Cr | Satisfied |
To see the full charge records of Gi Retail Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Gi Retail Private Limited has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹45.15 Cr; the latest was in March 2017.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: New Enterprises Limited, 3 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Seller: GI Holding Company Private Limited |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sanron Management Services LLP , 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Sanron Management Services LLP |
| Dec 2009 | Funding round | ₹3 Cr | Investors: Sanron Management Services LLP , an individual |
To see the full deal history of Gi 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
Gi Retail Private Limited has 65 court cases on record: 53 filed by Gi Retail, 12 filed against it. 6 cases are pending and 59 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 63 | 12 | 6 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed by the company against Hermes I Tickets Pvt Ltd and 5 others | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed against the company by Hermes I-Tickets Private Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Guindy Industrial Estate Infrastructure Upgradation Company (Gieiuc) | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Guindy Industrial Estate Infrastructure Upgradation Company (Gieiuc) | Disposed |
| Madras High Court | Appeal | Filed by the company against The Income Tax Officer | Pending |
To see the full case history of Gi 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
No delayed payments to MSME suppliers are on our record for Gi Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gi Retail has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Gi Smart E Cargoes Private Limited | U72900TN2016PTC112832 |
To see the full group structure of Gi Retail Private Limited, buy the company report.
Employees & EPFO
Gi Retail Private Limited has a workforce of 20 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Gi Retail has 15 GST registrations: 15 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCG4893R1ZW | Tamil Nadu | Active | 01 Jul 2017 |
| 07AADCG4893R1ZR | Delhi | Active | 20 Nov 2017 |
| 27AADCG4893R1ZP | Maharashtra | Active | 20 Nov 2017 |
| 29AADCG4893R1ZL | Karnataka | Active | 20 Nov 2017 |
To see the full GST registrations and return filing status of Gi Retail Private Limited, buy the company report.
Recent activity
Gi Retail Private Limited has 7 board changes on record since 2014: 2 appointments and 5 cessations. The latest: Ramu Annamalai Umaiyal Radhai ceased to be Director on 10 Dec 2014.
4 earlier events are in the company report.
Frequently asked questions
Gi Retail is an active private limited company based in Chennai, Tamil Nadu, India. The company works in software development and support services, within the information technology industry. It was incorporated on 24 June 2009 (17+ years old) and is registered under CIN U72900TN2009PTC072064.
Gi Retail has 2 current directors:
- Ramu Annamalai Ramasamy - Managing Director
- Palaniyapan Ramasamy - Whole-Time Director
The latest financial statements of Gi 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 2015 are in the company report.
The GSTIN of Gi Retail is 33AADCG4893R1ZW, registered in Tamil Nadu. The company has 15 GST registrations in all, of which 15 are active. Other active GSTINs include 07AADCG4893R1ZR (Delhi), 27AADCG4893R1ZP (Maharashtra), 29AADCG4893R1ZL (Karnataka).
The CIN (Corporate Identification Number) of Gi Retail is U72900TN2009PTC072064. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gi Retail has 65 court cases on record: 53 filed by the company and 12 filed against it. 6 are pending. Most are in the high courts.
Gi Retail was incorporated on 24 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Gi Retail has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 acquisition), with disclosed funding of ₹45.15 Cr; the latest was in March 2017.
Ramu Annamalai Umaiyal Radhai ceased to be Director on 10 Dec 2014. Sudhasomasundaram ceased to be Director on 10 Dec 2014. Palaniyapan Ramasamy ceased to be Additional Director on 25 Nov 2014. Gi Retail has 7 board changes on record in total.
Gi Retail can be reached through the website giretail.com. Its registered office is in Chennai, Tamil Nadu, India.