Laxmi Retails Private Limited
About Laxmi Retails Private Limited
Data last updated:
Laxmi Retails Private Limited is a private limited company based in Cuttack, Odisha, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 28 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U52322OR2012PTC015578. Its GSTIN is 21AACCL2934P1ZF (Odisha).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.8 Cr. It is led by directors Piyush Budhia and Ajit Kumar Panda.
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 Banka Bazar Cuttack, Odisha, India – 753002.
As per the financials filed for FY 2024, the company reported a revenue of ₹40.91 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.63 Lakh (net margin 0.3%) and EBITDA of ₹70.29 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 360% over three years and 67% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.2 Cr and satisfied charges of ₹13.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
- Social MediaLocked
- Registered AddressBanka Bazar Cuttack, Odisha, India – 753002
- IndustryFashion and Textile, Fashion Retail
- 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
- One PDF report, delivered after checkout
Business Activity of Laxmi Retails Private Limited
The main business activity of Laxmi Retails is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Laxmi Retails Private Limited FY 2024 filings available
Laxmi Retails Private Limited reported revenue of ₹40.91 Cr (up 6315% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Laxmi Retails Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 67% over five years. EBITDA rose 100% 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 of Laxmi Retails Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹70.29 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.63 Lakh | •••• | •••• | •••• | •••• |
| 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 of Laxmi Retails Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Laxmi Retails are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Laxmi Retails Private Limited
Laxmi Retails has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Budhia | Director | 28 Jun 2012 | 14 Years 3 Months | Current |
| Ajit Kumar Panda | Director | 17 Apr 2023 | 3 Years 6 Months | Current |
Peer Comparison of Laxmi Retails Private Limited
Laxmi Retails Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Suri Sales Private Limited | ₹41.11 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Bareilly, Uttar Pradesh, India |
| Alagendran Auto Agencies Private Limited | ₹41.11 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Madurai, Tamil Nadu, India |
| Akc Bharti Motors Private Limited | ₹41.09 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Biharsharif, Bihar, India |
| Phoenix Motors (Motor Cycles Division) Private Limited | ₹41.04 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Telangana, India |
| Daasarathy Enterprises Private Limited | ₹40.94 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Kumbakonam, Tamil Nadu, India |
| Laxmi Retails Private Limited this company | ₹40.91 Cr (FY 2024) | •••• | •••• | 6315.0% | •••• | Cuttack, Odisha, India |
| D M Gattani Sons Private Limited | ₹40.9 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Janjgir, Chhattisgarh, India |
| Susee Auto Zone Private Limited | ₹40.89 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Tirunelveli, Tamil Nadu, India |
| Jadwet Trading Company Private Limited | ₹40.88 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Andaman and Nicobar Islands, India |
| Rithvikaa Cars Private Limited | ₹40.83 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Anantapur, Andhra Pradesh, India |
| Maa Santoshi Automobile Private Limited | ₹40.8 Cr (FY 2024) | •••• | •••• | 52.0% | •••• | Cooch Behar, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Laxmi Retails by revenue in the Automobiles industry (Auto and Components Dealers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Laxmi Retails Private Limited
Laxmi Retails Private Limited is audited by BKA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BKA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Laxmi Retails Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Laxmi Retails Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2024 | Hdfc Bank Limited | ₹8.2 Cr | Open |
| 28 Nov 2023 | State Bank of India | ₹6.4 Cr | Satisfied |
| 31 May 2023 | State Bank of India | ₹6.4 Cr | Satisfied |
| 09 Feb 2015 | Axis Bank Limited | ₹50 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Laxmi Retails Private Limited
Laxmi Retails Private Limited has a workforce of 20 employees as of Mar 28, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Laxmi Retails Private Limited
Laxmi Retails Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Sarita Budhia ceased to be Director on 18 Apr 2023.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Laxmi Retails Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Laxmi Retails Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Laxmi Retails Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Laxmi Retails Private Limited
Laxmi Retails has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AACCL2934P1ZF | Odisha | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Laxmi Retails Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Laxmi Retails Private Limited
Laxmi Retails is an active private limited company based in Cuttack, Odisha, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 28 June 2012 (14+ years old) and is registered under CIN U52322OR2012PTC015578.
Laxmi Retails reported revenue of ₹40.91 Cr for FY 2024 (up 6315% YoY).
Laxmi Retails has 2 current directors:
- Piyush Budhia - Director
- Ajit Kumar Panda - Director
Laxmi Retails reported a net profit of ₹10.63 Lakh (net margin 0.3%) and EBITDA of ₹70.29 Lakh (EBITDA margin 1.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Laxmi Retails is 360% over three years and 67% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Laxmi Retails is 21AACCL2934P1ZF, registered in Odisha.
The CIN (Corporate Identification Number) of Laxmi Retails is U52322OR2012PTC015578. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Laxmi Retails was incorporated on 28 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Laxmi Retails by revenue are Suri Sales Private Limited, Alagendran Auto Agencies Private Limited, Akc Bharti Motors Private Limited, Phoenix Motors (Motor Cycles Division) Private Limited, Daasarathy Enterprises Private Limited and 5 more, all in the Automobiles industry (Auto and Components Dealers).
Sarita Budhia ceased to be Director on 18 Apr 2023. Ajit Kumar Panda was appointed as Director on 17 Apr 2023. Abhisek Budhia ceased to be Director on 01 Feb 2017. Laxmi Retails has 4 board changes on record in total.
The registered office of Laxmi Retails is at Banka Bazar Cuttack, Odisha, India – 753002.