Indwell Retail Private Limited

Indwell Retail Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U73100KA2017PTC106350 Incorporated 13 September 2017 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company internet DPIIT Startup MSME · Small
Revenue · FY 2025
₹37.99 Cr
▲ 10% YoY
Net loss · FY 2025
₹18.82 Cr
Net margin -49.5%
EBITDA · FY 2025
-₹15.72 Cr
EBITDA margin -41.4%
Authorised capital
₹44.12 Lakh
Registered with MCA
Paid-up capital
₹41.87 Lakh
Issued & subscribed
Satisfied charges
₹1 Cr
No open charges
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings

About Indwell Retail Private Limited

Data last updated:

Indwell Retail Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Indus Homes Private Limited and recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 13 September 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U73100KA2017PTC106350. Its GSTIN is 29AAECI6274M1ZX (Karnataka). The company holds 4 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹44.12 Lakh and a paid-up capital of ₹41.87 Lakh. It is led by directors Jai Dilip Bhagchandani and Shrenik Sanjay Ghodawat.

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 Bangalore, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹37.99 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹18.82 Cr (net margin -49.5%) and EBITDA of -₹15.72 Cr (EBITDA margin -41.4%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.

The company is associated with 1 brand: Dusminute. As per MCA filings, the company has satisfied charges of ₹1 Cr on record. Court records list 9 cases involving the company, including 3 filed by the company and 6 filed against it; 1 case is pending. The company has 9 deals on record (7 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹20.74 Cr; the latest was in September 2025. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 127 overdue payments to 23 micro and small suppliers.

Indwell Retail Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0114608). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dusminute.com.

Company details

CIN U73100KA2017PTC106350
Registration Number 106350
Incorporation Date 13 September 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Indus Homes Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0114608
Key People
Jai Dilip Bhagchandani Director Shrenik Sanjay Ghodawat Additional Director

Recognitions & Rankings of Indwell Retail

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0114608

Contact details

Indwell Retail Private Limited's registered office is in Bangalore, Karnataka. Its website is dusminute.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    dusminute.com
  • Apps
  • Registered Address
    #85 2nd Floor 59th Cross, 4th Block, Bangalore, Karnataka, India – 560010
  • Industry
    Internet, Online Service Marketplaces

To see the full contact details of Indwell Retail Private Limited, buy the company report.

Comprehensive company report
Indwell 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Indwell Retail operates one associated brand: Dusminute. Each brand links to its own profile.

BrandDescriptionWebsite
Dusminute
Concierge services for residential community management are provided by Dusminute.dusminute.com

Business activity

The main business activity of Indwell Retail is trade. In detail, this covers retail trading.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG2Retail Trading

To see the full business activity and turnover split of Indwell Retail Private Limited, buy the company report.

Financials of Indwell Retail Private Limited

FY 2025 filings available

Indwell Retail Private Limited reported revenue of ₹37.99 Cr (up 10% YoY) for FY 2025.

Revenue · FY 2025
₹37.99 Cr ▲ 10%
Net loss · FY 2025
₹18.82 Cr margin -49.5%
EBITDA · FY 2025
-₹15.72 Cr margin -41.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▼ 1%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 115%
3 years · compounded
▼ 25%
5 years · compounded
▼ 32%

Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 10% growth in the latest year. EBITDA fell 115% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹15.72 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹18.82 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-41.4%
Net Profit Margin-49.5%
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

To see the full financial statements and ratios of Indwell Retail Private Limited, buy the company report.

Board of directors of Indwell Retail Private Limited

Indwell Retail has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Jai Dilip Bhagchandani
Also directs: Jr Biz Innovations LLP, Jr Financial Consultant Private Limited, Ghodawat Nordstar Private Limited and 2 more
Director30 Aug 20251 Years 2 MonthsCurrent
Shrenik Sanjay Ghodawat
Also directs: Ghodawat Manere Developers LLP, Sanjay Ghodawat Buildcon LLP, SDG Developers LLP and 5 more
Additional Director01 Jan 20260 Years 10 MonthsCurrent
View all directors

Auditor

Indwell Retail Private Limited is audited by Geeta and Company for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Geeta and CompanyFY 2023536343

Shareholding

The shareholding of Indwell Retail Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Indwell Retail Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Others₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
07 Dec 2020100407754Others₹1 CrSatisfied

To see the full charge records of Indwell Retail Private Limited, buy the company report.

Total charge records: 1 View all charges

Deals & funding

Indwell Retail Private Limited has 9 deals on record (7 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹20.74 Cr; the latest was in September 2025.

Total deals
9
Funding rounds
7
Secondary share transfer
1
Acquisition
1
Disclosed funding
₹20.74 Cr

Deals on record (5 of 9)

WhenDealAmountParties
Feb 2022Funding round₹43.9 LakhInvestors: Indian Angel Network Fund, BDG Global, Pratithi Investments, an individual
Feb 2022Funding round₹27 LakhInvestors: Dimensional Securities Pvt. Ltd. , Sparrow Technologies Limited , Primarc iVenture
Jan 2021Funding round · Pre-Series A₹7.01 CrInvestors: Indus Homes Private Limited , Greens Natures Fresh Produce Private Limited , 2 individuals
Dec 2020Secondary share transferUndisclosedBuyer: 4 individuals
Seller: Indus Homes Private Limited
Mar 2020Funding round · Series A₹5.51 CrInvestors: Indus Homes Private Limited

To see the full deal history of Indwell 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.

MSME payment delays

Indwell Retail Private Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 127 overdue payments to 23 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 23)

SupplierAmount dueDue sinceReported on
As Per Attached Document
an individual supplier
Malgudi Farms
A.S.K Foods Private Limited
Cuentas Consulting Private Limited

To see the full MSME payment records of Indwell Retail Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

GST

Indwell Retail has 4 GST registrations: 1 active and 3 cancelled or inactive.

Total GSTINs
4
Active
1
Cancelled / inactive
3
GSTINStateStatusRegistered on
29AAECI6274M1ZXKarnatakaActive12 Oct 2017

To see the full GST registrations and return filing status of Indwell Retail Private Limited, buy the company report.

Recent activity

Indwell Retail Private Limited has 18 board changes on record since 2019: 3 appointments and 15 cessations. The latest: Shrenik Sanjay Ghodawat was appointed as Additional Director on 01 Jan 2026.

Appointed
Shrenik Sanjay Ghodawat was appointed as Additional Director.
AGM
Indwell Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Jai Dilip Bhagchandani ceased to be Additional Director.
Ceased
Srinivas Kolluru ceased to be Additional Director.
Ceased
Apoorva Mishra ceased to be Director.
Appointed
Jai Dilip Bhagchandani was appointed as Director.
Appointed
Srinivas Kolluru was appointed as Director.
Filing
Indwell Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Nirmal Jain ceased to be Additional Director.
Ceased
Paras Jain ceased to be Additional Director.
Ceased
Nikhil Gupta ceased to be Additional Director.
Ceased
Shaileshharan ceased to be Nominee Director.

11 earlier events are in the company report.

News

Amenities platform DusMinute to expand in Chennai
27 Sep 2021 · Thehindubusinessline

Frequently asked questions

Indwell Retail is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 13 September 2017 (9+ years old) and is registered under CIN U73100KA2017PTC106350.

Indwell Retail has 2 current directors:

The latest financial statements of Indwell Retail on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.

The GSTIN of Indwell Retail is 29AAECI6274M1ZX, registered in Karnataka. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.

The CIN (Corporate Identification Number) of Indwell Retail is U73100KA2017PTC106350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Indwell Retail has 9 court cases on record: 3 filed by the company and 6 filed against it. 1 is pending.

Indwell Retail was incorporated on 13 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.

Indwell Retail has 9 deals on record (7 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹20.74 Cr; the latest was in September 2025.

Shrenik Sanjay Ghodawat was appointed as Additional Director on 01 Jan 2026. Jai Dilip Bhagchandani ceased to be Additional Director on 29 Sep 2025. Srinivas Kolluru ceased to be Additional Director on 29 Sep 2025. Indwell Retail has 18 board changes on record in total.

Yes, Indwell Retail is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Indwell Retail is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0114608).