India's Most Valuable Companies 2025 edition · Source: Hurun India
- Valuation
- ₹66,360 Cr
2024 #145 2023 #325 2022 #418
Zepto Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹23,128 Cr
▲ 99% YoY
Net loss · FY 2026
₹5,905.19 Cr
Net margin -25.5%
EBITDA · FY 2026
-₹4,746.15 Cr
EBITDA margin -20.5%
Authorised capital
₹20,700 Cr
Registered with MCA
Paid-up capital
₹6,301.6 Cr
Issued & subscribed
Open charges
₹880.01 Cr
Satisfied ₹202.81 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
4,580
Provident fund records
About Zepto Limited
Data last updated:
Zepto Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Kiranakart Pte. Ltd.. It operates in the online grocery platforms segment of the e-commerce sector. It was incorporated on 05 December 2020 and has been in existence for over 6 years.
Its director Aadit Palicha is #852 among India's richest people (2026). Its director Kaivalya Vohra is #1,028 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U46909MH2020PLC351339. Its GSTIN is 27AAICK4821A1ZV (Maharashtra). The company holds 19 GST registrations, of which 18 are active.
The company has an authorised share capital of ₹20,700 Cr and a paid-up capital of ₹6,301.6 Cr. It was formerly known as Zepto Private Limited. It is led by directors including Aadit Kavit Palicha (Managing Director) and Ramesh Bafna (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹23,128 Cr, a growth of 99% compared to the previous year. For the same year it recorded a net loss of ₹5,905.19 Cr (net margin -25.5%) and EBITDA of -₹4,746.15 Cr (EBITDA margin -20.5%). Revenue has grown at a compounded annual rate (CAGR) of 123% over three years.
The company has about 4,580 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Kiranakart and Zepto Now. As per MCA filings, the company has open charges of ₹880.01 Cr and satisfied charges of ₹202.81 Cr on record. Court records list 27 cases involving the company, including 11 filed by the company and 16 filed against it; 11 cases are pending. The company has 21 deals on record (10 funding rounds, 5 rights issues, 4 debt financings), with disclosed funding of ₹7,353.08 Cr; the latest was in October 2025. Its 10 peer companies in the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 5 smaller; the largest is KLJ Resources Ltd with revenue of ₹4,609.85 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2024, listing 320 overdue payments to 26 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 kiranakart.app.
Company details
CIN U46909MH2020PLC351339
Registration Number 351339
Incorporation Date 05 December 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Kiranakart Pte. Ltd.
Compliance Status Active Compliant
CIN history
Zepto has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U46909MH2020PLC351339, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46909MH2020PLC351339 | Current |
| U46909MH2020PTC351339 | Previous |
| U72900MH2020PTC351339 | Previous |
Key People
Aadit Kavit Palicha Managing Director Ramesh Bafna Whole-Time Director Kaivalya Vohra Whole-Time Director Recognitions & Rankings of Zepto
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #852 Aadit Palicha ₹3,500 Cr
- #1,028 Kaivalya Vohra ₹2,600 Cr
Contact details
Zepto Limited's registered office is in Mumbai, Maharashtra. Its website is kiranakart.app. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressHiranandani Lighthall A Wing 6 Flr, Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryE-Commerce, Online Grocery Platforms
To see the full contact details of Zepto Limited, buy the company report.
Comprehensive company report
Zepto 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
Zepto operates two associated brands: Kiranakart and Zepto Now. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as an online grocery retailer serving customers in Hyderabad. | kiranakart.in | |
| Multi-category products are delivered quickly through an online platform. | zeptonow.com |
Business activity
The main business activities of Zepto are trade and transport and storage. In detail, this covers wholesale trading and warehousing and storage. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Zepto Limited, buy the company report.
Financials of Zepto Limited
FY 2025 filings availableZepto Limited reported revenue of ₹23,128 Cr (up 99% YoY) for FY 2026.
Revenue · FY 2026
₹23,128 Cr ▲ 99%
Net loss · FY 2026
₹5,905.19 Cr margin -25.5%
EBITDA · FY 2026
-₹4,746.15 Cr margin -20.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 99%
3 years · compounded
▲ 123%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 60%
5 years · compounded
▼ 414%
Revenue has grown at a compounded annual rate (CAGR) of 123% over three years, including 99% growth in the latest year. EBITDA fell 14% 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 | -₹4,746.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5,905.19 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.5% | ||||
| Net Profit Margin | -25.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Zepto Limited, buy the company report.
Board of directors and KMP of Zepto Limited
Zepto Limited currently reports 6 directors and 1 key managerial person. 4 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Bafna | Whole-Time Director | 05 Dec 2025 | 0 Years 10 Months | Current |
| Samad Iqbal Shariff Also directs: Freshland Farms LLP | Company Secretary | 03 Dec 2024 | 1 Years 10 Months | Current |
| Kaivalya Vohra Also directs: Iron Crest Solutions LLP, Zepto Commerce Private Limited, Kiranakart Wholesale Private Limited and 4 more | Whole-Time Director | 30 Aug 2021 | 5 Years 2 Months | Current |
| Akhil Kumar Gupta Also directs: Lodha Developers Limited, 360 One Wam Limited, Inversion Advisory Services Private Limited and 5 more | Director | 10 Apr 2025 | 1 Years 6 Months | Current |
| Aadit Kavit Palicha | Managing Director | 04 Feb 2025 | 1 Years 8 Months | Current |
| Paul Joseph Hudson | Nominee Director | 05 Dec 2025 | 0 Years 10 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Zepto Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zepto Limitedthis company | ₹23,128 Cr (FY 2026) | -₹5,905.19 Cr | -25.5% | 99.0% | 4,580 | Mumbai, Maharashtra, India |
| KLJ Resources Ltd | ₹4,609.85 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Shyamdhan Traders Private Limited | ₹4,599.62 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India | |||
| Toyota Tsusho India Private Limited | ₹4,574.66 Cr (FY 2025) | -54.0% | Ramanagara, Karnataka, India | |||
| Glovis India Private Limited | ₹4,540.37 Cr (FY 2025) | 20.0% | Sriperumbudur, Tamil Nadu, India | |||
| Renault India Private Limited | ₹4,536.88 Cr (FY 2025) | -10.0% | Sriperumbudur, Tamil Nadu, India | |||
| Everbest Consultancy Services Private Limited | ₹4,486.65 Cr (FY 2024) | -15.0% | Mumbai, Maharashtra, India | |||
| Sree Behariji Mills Private Limited | ₹4,478.17 Cr (FY 2024) | 6.0% | Patna, Bihar, India | |||
| Bunge India Trading Private Limited | ₹4,476.03 Cr (FY 2019) | -36.0% | Mumbai, Maharashtra, India | |||
| Cofco International India Private Limited | ₹4,454.91 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Imcd India Private Limited | ₹4,453.12 Cr (FY 2025) | 17.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Zepto Limited, buy the company report.
Auditor
Zepto Limited is audited by S. R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. R. Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Zepto Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Zepto Limited, buy the company report.
Charges & borrowings
Open charges
₹880.01 Cr
Satisfied charges
₹202.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jun 2026 | 101336562 | Others | ₹50 Cr | Open | |
| 18 Mar 2026 | 101258325 | Axis Bank Limited | ₹150 Cr | Open | |
| 21 Nov 2025 | 101199195 | Others | ₹100 Cr | Open | |
| 29 May 2025 | 101113139 | Standard Chartered Bank | ₹120 Cr | Open | |
| 09 Apr 2025 | 101084178 | Others | ₹100 Cr | Open |
To see the full charge records of Zepto Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Zepto Limited has 21 deals on record (10 funding rounds, 5 rights issues, 4 debt financings), with disclosed funding of ₹7,353.08 Cr; the latest was in October 2025.
Total deals
21
Funding rounds
10
Rights issues
5
Debt financings
4
Secondary share transfers
2
Disclosed funding
₹7,353.08 Cr
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Funding round | ₹25 Cr | Investors: C.E. Info Systems Limited |
| Jul 2025 | Funding round | ₹7.5 Cr | Investors: Elcid Investments Limited |
| May 2025 | Secondary share transfer | Undisclosed | Buyer: 2 individuals |
| Sep 2024 | Rights issue | ₹3,126.3 Cr | Investors: KiranaKart Pte Limited |
| Jun 2024 | Rights issue | ₹5,825.93 Cr | Investors: KiranaKart Pte Limited |
To see the full deal history of Zepto 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
Zepto Limited has 27 court cases on record: 11 filed by Zepto, 16 filed against it. 11 cases are pending and 16 are disposed.
Total cases
27
Filed by the company
11
Filed against the company
16
Pending
11
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 16 | 7 |
| High courts | 7 | 0 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Stellar Value Chain Solutions Pvt Ltd | Disposed |
| NCLT, Principal Bench | Court case (TA(IBC)) | Filed by the company against Stellar Value Chain Solutions Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (REFER-T-LC) | Filed against the company by an individual | Pending |
To see the full case history of Zepto 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
Zepto Limited has 5 MSME Form 1 returns on record between 2022 and 2024, listing 320 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Young Hats Private Limited | |||
| Theorganic Carbon Private Limited | |||
| an individual supplier | |||
| Qans Consumer Products Private Limited | |||
| Asna Agencies |
To see the full MSME payment records of Zepto Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Zepto has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kiranakart Wholesale Private Limited | U51909MH2022PTC381370 |
To see the full group structure of Zepto Limited, buy the company report.
Employees & EPFO
Zepto Limited has a workforce of 4,580 employees on its EPFO records as of Dec 02, 2025, across 1 active EPFO establishment.
Employee count
4,580
Active EPFO establishments
1
Employee growth
31.5%
GST
Zepto has 19 GST registrations: 18 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
19
Active
18
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICK4821A1ZV | Maharashtra | Active | 29 Jan 2021 |
| 27AAICK4821A2ZU | Maharashtra | Active | 20 Feb 2024 |
| 29AAICK4821A1ZR | Karnataka | Active | 19 Sep 2021 |
| 07AAICK4821A1ZX | Delhi | Active | 08 Oct 2021 |
To see the full GST registrations and return filing status of Zepto Limited, buy the company report.
Recent activity
Zepto Limited has 11 board changes on record since 2021: 7 appointments and 4 cessations. The latest: Anulakshmi Hariharan was appointed as Director on 06 Dec 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 26 Jun 2026 with Charge ID 101336562 was modified on 17 Jul 2026.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101336562 was registered on 26 Jun 2026.
Charges
A charge with Others of Rs. 100.00 Cr registered on 09 Apr 2025 with Charge ID 101084178 was modified on 17 Apr 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101258325 was registered on 18 Mar 2026.
Charges
A charge with Others of Rs. 150.00 Cr registered on 14 Aug 2024 with Charge ID 100968901 was modified on 16 Jan 2026.
Appointed
Anulakshmi Hariharan was appointed as Director.
Appointed
Paul Joseph Hudson was appointed as Nominee Director.
Appointed
Ramesh Bafna was appointed as Whole-Time Director.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101199195 was registered on 21 Nov 2025.
AGM
Zepto Limited last Annual general meeting of members was held on 11 Aug 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 160.00 Cr registered on 01 Jun 2023 with Charge ID 100730684 was modified on 25 Jun 2025.
Charges
A charge with Standard Chartered Bank amounted to Rs. 120.00 Cr with Charge ID 101113139 was registered on 29 May 2025.
26 earlier events are in the company report.
News
From our blog
- India's 100 Largest Unlisted Companies by FY2024-25 Total Income16 Oct 2026
- Quick Commerce: Blinkit, Instamart and Zepto by the Numbers21 Sep 2026
- Top Food Start-ups in India in 2026, Ranked by Revenue06 Jul 2021
- Top E-commerce Companies in India in 2026, Ranked by Revenue22 Jun 2021
- What Are Series Funding Rounds? Seed to Pre-IPO in India (2026)05 Sep 2020
Frequently asked questions
Zepto is an active public limited company based in Mumbai, Maharashtra, India. The company works in online grocery platforms, within the e-commerce industry. It was incorporated on 05 December 2020 (6+ years old) and is registered under CIN U46909MH2020PLC351339.
Zepto has 7 current directors and KMP:
- Aadit Kavit Palicha - Managing Director
- Ramesh Bafna - Whole-Time Director
- Kaivalya Vohra - Whole-Time Director
- Akhil Kumar Gupta - Director
- Paul Joseph Hudson - Nominee Director
- Anulakshmi Hariharan - Director
- Samad Iqbal Shariff - Company Secretary
The latest financial statements of Zepto on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Zepto is 27AAICK4821A1ZV, registered in Maharashtra. The company has 19 GST registrations in all, of which 18 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAICK4821A2ZU (Maharashtra), 29AAICK4821A1ZR (Karnataka), 07AAICK4821A1ZX (Delhi).
The CIN (Corporate Identification Number) of Zepto is U46909MH2020PLC351339. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zepto has 27 court cases on record: 11 filed by the company and 16 filed against it. 11 are pending. Most are in the district courts.
Zepto was incorporated on 05 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Zepto has 21 deals on record (10 funding rounds, 5 rights issues, 4 debt financings), with disclosed funding of ₹7,353.08 Cr; the latest was in October 2025.
The peers of Zepto by revenue are KLJ Resources Ltd, Shyamdhan Traders Private Limited, Toyota Tsusho India Private Limited, Glovis India Private Limited, Renault India Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Anulakshmi Hariharan was appointed as Director on 06 Dec 2025. Paul Joseph Hudson was appointed as Nominee Director on 05 Dec 2025. Ramesh Bafna was appointed as Whole-Time Director on 05 Dec 2025. Zepto has 11 board changes on record in total.
Zepto has 5 MSME Form 1 returns on record between 2022 and 2024, listing 320 overdue payments to 26 micro and small suppliers. The latest return was filed on 15 Apr 2024.
Zepto can be reached through the website kiranakart.app. Its registered office is in Mumbai, Maharashtra, India.