About Innovative Retail Concepts Private Limited
Data last updated: 10 February 2026
Innovative Retail Concepts Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Supermarket Grocery Supplies Private Limited. It specialises in online grocery platforms, a part of the broader e-commerce sector. Incorporated on 15 January 2010, the company has been in operation for over 16 years.
Registered with ROC Bangalore under CIN U74130KA2010PTC052192.
Capital: 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.
Last AGM: 23 June 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹7,717.43 Cr, a decline of 3% compared to the previous year.
The company has a workforce of approximately 21,189 employees as per the latest available data. It operates as a subsidiary of Supermarket Grocery Supplies Private Limited.
The company is associated with 4 brands - Bbdaily, Down2earthorganics, Kngd Mart, Bigbasket. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹75 Cr on record.
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.
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Email*****@*****.com
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Telephone+91-****-******
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Registered AddressRanka Junction No. 224 (Old Sy No.80/3) 4Th Floor Vijinapura Old Madras Road, K R Puram, Bangalore, Karnataka, India – 560016
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IndustryE-Commerce, Online Grocery Platforms
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited operates multiple associated brands including Bbdaily, Down2Earthorganics, and KNGD Mart. These brands represent Innovative Retail Concepts Private Limited's diversified market presence and brand portfolio.
| 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 |
Competitors & Alternatives of Innovative Retail Concepts Private Limited
Brands and companies operating in the same space as Innovative Retail Concepts Private Limited include Swiggy, Blinkit, Dunzo and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Swiggy
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Food and grocery items are ordered via an online network. | Bengaluru, India, India | 2014 |
Blinkit
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Instant delivery of groceries and essentials is facilitated online. | Gurugram, India, India | 2013 |
Dunzo
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Operates an on-demand hyperlocal delivery app for food and groceries. | Bengaluru, India, India | 2014 |
Otipy
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Grocery products are provided via an online digital storefront. | Gurugram, India, India | 2020 |
Milkbasket
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Daily grocery essentials are delivered through an online subscription platform. | Gurugram, India, India | 2015 |
Ondoor
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Provider of online platform offering grocery, household items, cakes, and flowers | Bhopal, India, India | 2014 |
UnORG
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Multi-category grocery products are provided through an app-based marketplace platform. | Lucknow, India, India | 2022 |
Daily Ninja
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Daily essentials are delivered through hyper-local subscriptions. | Bengaluru, India, India | 2015 |
FTH Daily
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Delivers fresh milk, dairy, fruits, veggies, staples via subscription to homes daily. | Bengaluru, India, India | 2019 |
DailyMoo
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Offers a platform for subscription-based dairy products delivery. | Bhubaneswar, India, India | 2018 |
Business Activity of Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | ********* |
Auditor Details of Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited is audited by PKF Sridhar & Santhanam LLP for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PKF Sridhar & Santhanam LLP | blur-value | blur-value | blur-value |
Board of Directors of Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited is currently managed by 4 directors, with 10 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Menon Hari | Director | 28 May 2021 | 5 Years 1 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 1 Months | Current |
Financials of Innovative Retail Concepts Private Limited FY 2025 filings available
Innovative Retail Concepts Private Limited reported revenue of ₹7,717.43 Cr (down 3% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of Innovative Retail Concepts Private Limited
As of FY 2023, Innovative Retail Concepts Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings of Innovative Retail Concepts Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2021 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
| 18 Dec 2017 | Others | ₹25 Cr | Satisfied |
| 29 Mar 2017 | Others | ₹45 Cr | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited has a workforce of 21,189 employees as of Feb 10, 2026.
Employee Count & EPFO Data of Innovative Retail Concepts Private Limited
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GST Compliance of Innovative Retail Concepts Private Limited
GSTIN & GST Filing Data of Innovative Retail Concepts Private Limited
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Credit Ratings, Litigation & Regulatory Alerts for Innovative Retail Concepts Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Innovative Retail Concepts Private Limited
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MSME Payment Delays by Innovative Retail Concepts Private Limited
MSME Payment Delays by Innovative Retail Concepts Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Innovative Retail Concepts Private Limited
Subsidiaries & Group Companies of Innovative Retail Concepts Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Innovative Retail Concepts Private Limited with ownership details.
MCA Filings & Documents of Innovative Retail Concepts Private Limited
MCA Filings & Documents of Innovative Retail Concepts Private Limited
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Recent Activity on Innovative Retail Concepts Private Limited
Recent News on Innovative Retail Concepts Private Limited
Frequently Asked Questions about Innovative Retail Concepts Private Limited
Innovative Retail Concepts Private Limited is an active private limited company in the e-commerce sector based in Bangalore, Karnataka, India. It was incorporated on 15 January 2010 (16+ years old) and is registered under CIN U74130KA2010PTC052192. The company has 21,189 employees.
Innovative Retail Concepts Private Limited reported revenue of ₹7,717.43 Cr for FY 2025 (down 3.00% YoY).
The current directors of Innovative Retail Concepts Private Limited are:
- Menon Hari
- Vipul Mahendra Parekh
- Sneha Singh
- Manish Bajoria
The primary industry of Innovative Retail Concepts Private Limited is e-commerce. The company specifically operates in online grocery platforms. The company is currently active in this sector.
Innovative Retail Concepts Private Limited can be reached at the registered office: Ranka Junction No. 224 Old Sy No.803 4Th Floor Vijinapura Old Madras Road, K R Puram, Bangalore, Karnataka, India – 560016, or through the website bigbasket.com.
The authorised capital is ₹9,000 Cr, and the paid-up capital is ₹2,859.34 Cr.