DPIIT recognised startup Government of India
Startup India
Gully Network Retail Private Limited - business outsourcing in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.56 Cr
▼ 91% YoY
Net profit · FY 2024
₹3.47 Cr
Net margin 97.6%
EBITDA · FY 2024
₹3.48 Cr
EBITDA margin 97.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.81 Lakh
Issued & subscribed
Satisfied charges
₹25 Lakh
No open charges
Company age
7 yrs
Est. 2019
Employees · EPFO
55
Provident fund records
About Gully Network Retail Private Limited
Data last updated:
Gully Network Retail Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the supply chain outsourcing services segment of the business process outsourcing sector. It was incorporated on 15 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2019PTC124343. Its GSTIN is 29AAHCG8207D1ZM (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.81 Lakh. It is led by directors Prateek Chaturvedi and Ajay Nain.
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 No. 56 Survey No. 11 Ground Floor Grape Garden Sm Road Prashanth Nagar T Dasarahalli, Bengaluru, Karnataka, India – 560057.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.56 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net profit of ₹3.47 Cr (net margin 97.6%) and EBITDA of ₹3.48 Cr (EBITDA margin 97.6%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company has about 55 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gully Network. As per MCA filings, the company has satisfied charges of ₹25 Lakh on record. The company has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹28.65 Cr; the latest was in September 2022.
For more details, the company can be reached via its website gullynetwork.com.
Company details
CIN U74110KA2019PTC124343
Registration Number 124343
Incorporation Date 15 May 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
DPIIT Recognition Recognised Startup
CIN history
Gully Network Retail has one previous CIN (Corporate Identification Number): U15400KA2019PTC124343. The current CIN is U74110KA2019PTC124343, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2019PTC124343 | Current |
| U15400KA2019PTC124343 | Previous |
Key People
Prateek Chaturvedi Director Ajay Nain Director Recognitions & Rankings of Gully Network Retail
Contact details
Gully Network Retail Private Limited's registered office is in Bengaluru, Karnataka. Its website is gullynetwork.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 56 Survey No. 11 Ground Floor Grape Garden Sm Road Prashanth Nagar T Dasarahalli, Bengaluru, Karnataka, India – 560057
- IndustryBusiness Outsourcing, Supply Chain Outsourcing Services
To see the full contact details of Gully Network Retail Private Limited, buy the company report.
Comprehensive company report
Gully Network 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
Gully Network Retail operates one associated brand: Gully Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Gully Network provides comprehensive omnichannel solutions for retail stores. | gullynetwork.com |
Financials of Gully Network Retail Private Limited
FY 2024 filings availableGully Network Retail Private Limited reported revenue of ₹3.56 Cr (down 91% YoY) for FY 2024.
Revenue · FY 2024
₹3.56 Cr ▼ 91%
Net profit · FY 2024
₹3.47 Cr margin 97.6%
EBITDA · FY 2024
₹3.48 Cr margin 97.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 91%
3 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 172%
3 years · compounded
▲ 39%
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 91% fall in the latest year. EBITDA rose 172% 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 | ₹3.48 Cr | ||||
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| Net Profit (PAT) | ₹3.47 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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| Profitability | |||||
| EBITDA Margin | 97.6% | ||||
| Net Profit Margin | 97.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Gully Network Retail Private Limited, buy the company report.
Board of directors of Gully Network Retail Private Limited
Gully Network Retail has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prateek Chaturvedi | Director | 15 May 2019 | 7 Years 5 Months | Current |
| Ajay Nain Also directs: Green Acre Assets LLP | Director | 15 May 2019 | 7 Years 5 Months | Current |
Auditor
Gully Network Retail Private Limited is audited by RAHUL R KOTHARI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHUL R KOTHARI & ASSOCIATES | FY 2021 | 022664S |
Shareholding
The shareholding of Gully Network Retail Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gully Network Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹25 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2020 | 100380398 | Others | ₹25 Lakh | Satisfied |
To see the full charge records of Gully Network Retail Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Gully Network Retail Private Limited has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹28.65 Cr; the latest was in September 2022.
Total deals
8
Funding rounds
5
Secondary share transfers
3
Disclosed funding
₹28.65 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Funding round | ₹7.96 Cr | Investors: an individual |
| Jan 2022 | Funding round | ₹6.15 Cr | Investors: Orios Venture Partners, 3 individuals |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Inflection Point Ventures |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Nov 2020 | Funding round | ₹7.54 Cr | Investors: Capitalpitch 2020 Pty Limited, Inflection Point Ventures, 2 individuals |
To see the full deal history of Gully Network 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
No court or tribunal cases involving Gully Network 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 Gully Network Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gully Network Retail Private Limited has a workforce of 55 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
55
Active EPFO establishments
1
Employee growth
-9.84%
GST
Gully Network Retail has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCG8207D1ZM | Karnataka | Active | 01 Jul 2019 |
To see the full GST registrations and return filing status of Gully Network Retail Private Limited, buy the company report.
Recent activity
Gully Network Retail Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Ajay Nain was appointed as Director on 15 May 2019.
AGM
Gully Network Retail Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Gully Network Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 19 May 2020 via Charge ID 100380398 with Others was fully satisfied on 23 Jul 2021.
Charges
A charge with Others amounted to Rs. 25.00 Lakh with Charge ID 100380398 was registered on 19 May 2020.
Appointed
Ajay Nain was appointed as Director.
Appointed
Prateek Chaturvedi was appointed as Director.
Incorporation
15 May 2019
Gully Network Retail Private Limited was registered on 15 May 2019 with Roc Bangalore & aged 7 years 5 months as per MCA records.
News
Frequently asked questions
Gully Network Retail is an active private limited company based in Bengaluru, Karnataka, India. The company works in supply chain outsourcing services, within the business outsourcing industry. It was incorporated on 15 May 2019 (7+ years old) and is registered under CIN U74110KA2019PTC124343.
Gully Network Retail has 2 current directors:
- Prateek Chaturvedi - Director
- Ajay Nain - Director
The latest financial statements of Gully Network 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 2020 are in the company report.
The GSTIN of Gully Network Retail is 29AAHCG8207D1ZM, registered in Karnataka.
The CIN (Corporate Identification Number) of Gully Network Retail is U74110KA2019PTC124343. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gully Network Retail was incorporated on 15 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Gully Network Retail has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹28.65 Cr; the latest was in September 2022.
Ajay Nain was appointed as Director on 15 May 2019. Prateek Chaturvedi was appointed as Director on 15 May 2019.
Yes, Gully Network Retail is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Gully Network Retail can be reached through the website gullynetwork.com. Its registered office is in Bengaluru, Karnataka, India.