About Innovative Retail Concepts Private Limited
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Innovative Retail Concepts Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Supermarket Grocery Supplies Private Limited. It operates in the online grocery platforms segment of the e-commerce sector. It was incorporated on 15 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74130KA2010PTC052192. Its GSTIN is 29AACCI2053A1Z3 (Karnataka). The company holds 45 GST registrations, of which 44 are active.
The company has an authorised share capital of ₹9,000 Cr and a paid-up capital of ₹2,859.34 Cr. It is led by directors Menon Hari and Vipul Mahendra Parekh.
Its last annual general meeting (AGM) was held on 23 June 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 2026, the company reported a revenue of ₹8,328.75 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹3,073.12 Cr (net margin -36.9%) and EBITDA of -₹2,030.89 Cr (EBITDA margin -24.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company has about 21,189 employees on its provident fund (EPFO) records.
The company is associated with 4 brands: Bbdaily, Down2Earthorganics, KNGD Mart and Bigbasket. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹75 Cr on record. Court records list 44 cases involving the company, including 6 filed by the company and 38 filed against it; 23 cases are pending. The company has 12 deals on record (5 secondary share transfers, 3 debt financings, 2 acquisitions), with disclosed funding of ₹272 Cr; the latest was in November 2025. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 3 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bigbasket.com.
Company details
Contact details
Innovative Retail Concepts Private Limited's registered office is in Bangalore, Karnataka. Its website is bigbasket.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressRanka Junction No. 224 (Old Sy No.80/3) 4th Floor Vijinapura Old Madras Road, K R Puram, Bangalore, Karnataka, India – 560016
- IndustryE-Commerce, Online Grocery Platforms
To see the full contact details of Innovative Retail Concepts 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
Innovative Retail Concepts operates multiple associated brands including Bbdaily, Down2Earthorganics, and KNGD Mart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online platform for convenient milk and grocery delivery services. | bbdaily.com | |
| Personal and household products are delivered via an e-commerce platform. | bigbasket.com | |
| Sells groceries, spices, and organic items through an online platform. | down2earthorganics.com | |
| A convenience store chain providing daily essentials in India. | kngdmart.com |
Business activity
The main business activity of Innovative Retail Concepts 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 Innovative Retail Concepts Private Limited, buy the company report.
Financials of Innovative Retail Concepts Private Limited
FY 2025 filings availableInnovative Retail Concepts Private Limited reported revenue of ₹8,328.75 Cr (up 8% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 8% growth in the latest year. EBITDA fell 61% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | -₹2,030.89 Cr | ||||
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| Net Profit (PAT) | -₹3,073.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | -24.4% | ||||
| Net Profit Margin | -36.9% | ||||
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To see the full financial statements and ratios of Innovative Retail Concepts Private Limited, buy the company report.
Board of directors and KMP of Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited currently reports 2 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Menon Hari | Director | 28 May 2021 | 5 Years 4 Months | Current |
| Vipul Mahendra Parekh Also directs: Lake-Side Partners Advisory LLP, Supermarket Grocery Supplies Private Limited, Excubator Consulting Private Limited and 2 more | Director | 28 May 2021 | 5 Years 4 Months | Current |
| Manish Bajoria Also directs: Working Backwards Private Limited | Cfo | 30 Jun 2025 | 1 Years 3 Months | Current |
Auditor
Innovative Retail Concepts Private Limited is audited by PKF Sridhar & Santhanam LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PKF Sridhar & Santhanam LLP | FY 2025 | 003990S/S200018 |
Shareholding
The shareholding of Innovative Retail Concepts 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Innovative Retail Concepts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2021 | 100544374 | Hdfc Bank Limited | ₹5 Cr | Satisfied | |
| 18 Dec 2017 | 100168992 | Others | ₹25 Cr | Satisfied | |
| 29 Mar 2017 | 100099125 | Others | ₹45 Cr | Satisfied |
To see the full charge records of Innovative Retail Concepts Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Innovative Retail Concepts Private Limited has 12 deals on record (5 secondary share transfers, 3 debt financings, 2 acquisitions), with disclosed funding of ₹272 Cr; the latest was in November 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Debt financing | ₹200 Cr | Investors: DBS Bank Limited |
| Mar 2022 | Acquisition | ₹2,756 Cr | Buyer: Supermarket Grocery Supplies Private Limited |
| Sep 2021 | Rights issue | ₹500 Cr | Investors: Supermarket Grocery Supplies Private Limited |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: Supermarket Grocery Supplies Private Limited , Supermarket Grocery Supplies Private Limited & Vipul Parekh Seller: 3 individuals |
| May 2021 | Acquisition | ₹500 Cr | Buyer: Supermarket Grocery Supplies Private Limited |
To see the full deal history of Innovative Retail Concepts 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
Innovative Retail Concepts Private Limited has 44 court cases on record: 6 filed by Innovative Retail Concepts, 38 filed against it. 23 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 31 | 20 |
| High courts | 8 | 7 | 3 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Civil suit | Filed against the company by Nona Lifestyle Pvt Ltd | Pending |
| District court, Hyderabad CCC, Telangana | Court case (COP) | Filed by the company against Sandhya Hotels Private Ltd (Formerly Known As Sandhya Constructions and Estates Private Limited) and 2 others | Pending |
| District court, South East, Delhi | Civil suit | Filed by the company against M/S Darima Farms Cheese Pvt Ltd and 1 other | Pending |
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by SMFG India Credit Company Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S Town Essentials Private Limited | Disposed |
To see the full case history of Innovative Retail Concepts 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
Innovative Retail Concepts Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Global Cold Chain Solutions India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Innovative Retail Concepts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Innovative Retail Concepts Private Limited has a workforce of 21,189 employees on its EPFO records as of Feb 10, 2026, across 1 active EPFO establishment.
GST
Innovative Retail Concepts has 45 GST registrations: 44 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI2053A1Z3 | Karnataka | Active | 01 Jul 2017 |
| 29AACCI2053A2Z2 | Karnataka | Active | 17 Aug 2017 |
| 29AACCI2053A1CE | Karnataka | Active | 14 Feb 2025 |
| 03AACCI2053A1ZH | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innovative Retail Concepts Private Limited, buy the company report.
Recent activity
Innovative Retail Concepts Private Limited has 15 board changes on record since 2010: 9 appointments and 6 cessations. The latest: Manish Bajoria was appointed as CFO on 30 Jun 2025.
12 earlier events are in the company report.
News
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Frequently asked questions
Innovative Retail Concepts is an active private limited company based in Bangalore, Karnataka, India. The company works in online grocery platforms, within the e-commerce industry. It was incorporated on 15 January 2010 (16+ years old) and is registered under CIN U74130KA2010PTC052192.
Innovative Retail Concepts has 3 current directors and KMP:
- Menon Hari - Director
- Vipul Mahendra Parekh - Director
- Manish Bajoria - Cfo
The latest financial statements of Innovative Retail Concepts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Innovative Retail Concepts is 29AACCI2053A1Z3, registered in Karnataka. The company has 45 GST registrations in all, of which 44 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCI2053A2Z2 (Karnataka), 29AACCI2053A1CE (Karnataka), 03AACCI2053A1ZH (Punjab).
The CIN (Corporate Identification Number) of Innovative Retail Concepts is U74130KA2010PTC052192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Retail Concepts has 44 court cases on record: 6 filed by the company and 38 filed against it. 23 are pending. Most are in the district courts.
Innovative Retail Concepts was incorporated on 15 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Innovative Retail Concepts has 12 deals on record (5 secondary share transfers, 3 debt financings, 2 acquisitions), with disclosed funding of ₹272 Cr; the latest was in November 2025.
Manish Bajoria was appointed as CFO on 30 Jun 2025. Menon Hari was appointed as Director on 28 May 2021. Nagaraju Kesari Balasubramanyam ceased to be Director on 28 May 2021. Innovative Retail Concepts has 15 board changes on record in total.
Innovative Retail Concepts has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 31 Oct 2019.
Innovative Retail Concepts can be reached through the website bigbasket.com. Its registered office is in Bangalore, Karnataka, India.