About Mahindra Retail Limited
Data last updated:
Mahindra Retail Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Mahindra Engineering And Chemical Products Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the online baby products retail segment of the e-commerce sector. It was incorporated on 03 September 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U52190MH2007PLC173762. Its GSTIN is 27AAFCM2868L1ZY (Maharashtra). The company held 24 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹967 Cr and a paid-up capital of ₹961.66 Cr. It was formerly known as Mahindra Retail Private Limited. It was led by directors including Ajay Natvarbhai Mehta and Zhooben Dossabhoy Bhiwandiwala.
Its last annual general meeting (AGM) was held on 15 July 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2021, the company reported a revenue of ₹87.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹22.84 Cr (net margin -26.2%) and EBITDA of -₹18.08 Cr (EBITDA margin -20.7%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
The company had about 199 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Mahindra Retail. As per MCA filings, the company had satisfied charges of ₹138.5 Cr on record. Court records list 20 cases involving the company, including 11 filed by the company and 9 filed against it. The company has 15 deals on record (6 rights issues, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.28 Cr; the latest was in January 2021. Its 7 peer companies in the Ecommerce and Internet industry (Baby Products), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 5 smaller; the largest is Mother Sparsh Baby Care Private Limited with revenue of ₹99.92 Cr.
The last known website on record is mahindraretail.com.
Company details
CIN history
Mahindra Retail has one previous CIN (Corporate Identification Number): U52190MH2007PTC173762. The current CIN is U52190MH2007PLC173762, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52190MH2007PLC173762 | Current |
| U52190MH2007PTC173762 | Previous |
Contact details
Mahindra Retail Limited's registered office is in Mumbai, Maharashtra. Its website is mahindraretail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018
- IndustryE-Commerce, Online Baby Products Retail
To see the full contact details of Mahindra Retail 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
Mahindra Retail operates one associated brand: Mahindra Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retailer of mom and baby care products | mahindraretail.com |
Financials of Mahindra Retail Limited
FY 2021 filings availableMahindra Retail Limited reported revenue of ₹87.28 Cr (up 436300% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years. EBITDA rose 21% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹87.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹18.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.84 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
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.7% | ||||
| Net Profit Margin | -26.2% | ||||
| 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 Mahindra Retail Limited, buy the company report.
Board of directors of Mahindra Retail Limited
Mahindra Retail has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Natvarbhai Mehta Also directs: Mahindra Auto Steel Private Limited, Mahindra MSTC Recycling Private Limited, Lords Freight (India) Private Limited and 1 more | Director | 08 Feb 2017 | 9 Years 8 Months | As last reported |
| Zhooben Dossabhoy Bhiwandiwala Also directs: Wild Mandarin Cancer Connect LLP, Ekatra Hospitality Ventures Private Limited, Mahindra Holdings Limited and 2 more | Director | 03 Sep 2007 | 19 Years 1 Months | As last reported |
| Chandra Lakshminarayan Iyer | Director | 08 May 2020 | 6 Years 5 Months | As last reported |
Peer comparison
Mahindra Retail Limited is compared with the 7 companies closest to it by revenue in the Ecommerce and Internet industry (Baby Products), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mother Sparsh Baby Care Private Limited | ₹99.92 Cr (FY 2025) | 70.0% | Ambala, Haryana, India | |||
| Wholsum Foods Private Limited | ₹97.43 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Mahindra Retail Limitedthis company | ₹87.28 Cr (FY 2021) | -₹22.84 Cr | -26.2% | 436300.0% | 199 | Mumbai, Maharashtra, India |
| Navashya Consumer Products Private Limited | ₹84.32 Cr (FY 2025) | 54.0% | Thane, Maharashtra, India | |||
| Pace E-Commerce Ventures Limited | ₹74.15 Cr (FY 2025) | 69.0% | Pune, Maharashtra, India | |||
| Miarcus Retails Private Limited | ₹60.85 Cr (FY 2025) | 90.0% | Bholapur, Punjab, India | |||
| All Things Baby India Private Limited | ₹40.77 Cr (FY 2024) | 60.0% | Mumbai, Maharashtra, India | |||
| Toddlers Retail (India) Private Limited | ₹37.88 Cr (FY 2024) | 36.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Mahindra Retail Limited, buy the company report.
Auditor
Mahindra Retail Limited is audited by B S R & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2021 | 101248W/W-100022 |
Shareholding
The shareholding of Mahindra Retail Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2011 | 10306531 | Vijaya Bank | ₹122 Cr | Satisfied | |
| 22 Jul 2009 | 10171974 | Mahindra and Mahindra Financial Services Limited | ₹6.5 Cr | Satisfied | |
| 16 May 2009 | 10161023 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Mahindra Retail Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Mahindra Retail Limited has 15 deals on record (6 rights issues, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.28 Cr; the latest was in January 2021.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Rights issue | ₹3.2 Cr | Investors: Mahindra Engineering and Chemical Products Limited |
| Jul 2018 | Rights issue | ₹116 Cr | Investors: Mahindra Engineering and Chemical Products Limited |
| Sep 2017 | Rights issue | ₹94 Cr | Investors: Mahindra Engineering and Chemical Products Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Mahindra Engineering and Chemical Products Limited Seller: Techno Park Advisors Private Limited |
| Dec 2016 | Rights issue | ₹60 Cr | Investors: Mahindra Engineering and Chemical Products Limited |
To see the full deal history of Mahindra Retail 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
Mahindra Retail Limited has 20 court cases on record: 11 filed by Mahindra Retail, 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 6 | 0 |
| District courts | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed against the company by MNM Marketing Private Ltd. and Anr | Disposed |
| Bombay High Court | Court case (NMCA) | Filed against the company by MNM Marketing Private Ltd. and Anr | Disposed |
| Bombay High Court | Court case (COMIP) | Filed against the company by Mahindra and Mahindra Ltd.And Anr | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Mahindra Retail 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.
Credit ratings & regulatory alerts
Mahindra Retail Limited was last rated by Crisil on 17 Jul 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Jul 2019 |
To see the full credit ratings and regulatory alerts of Mahindra Retail Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahindra Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahindra Retail has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Employees & EPFO
Mahindra Retail Limited has a workforce of 199 employees on its EPFO records as of Mar 30, 2024, across 2 active EPFO establishments.
GST
Mahindra Retail has 24 GST registrations: 2 active and 22 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCM2868L1ZY | Maharashtra | Active | 01 Jul 2017 |
| 29AAFCM2868L1ZU | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahindra Retail Limited, buy the company report.
Recent activity
Mahindra Retail Limited has 21 board changes on record since 2007: 3 appointments and 18 cessations. The latest: Ajay Natvarbhai Mehta ceased to be Director on 07 Feb 2022.
19 earlier events are in the company report.
News
Frequently asked questions
Mahindra Retail has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mahindra Retail was a public limited company based in Mumbai, Maharashtra, India. The company worked in online baby products retail, within the e-commerce industry. It was incorporated on 03 September 2007 and is registered under CIN U52190MH2007PLC173762. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mahindra Retail was incorporated on 03 September 2007. It is registered with the Registrar of Companies, Mumbai.
Mahindra Retail had 3 directors:
- Ajay Natvarbhai Mehta - Director
- Zhooben Dossabhoy Bhiwandiwala - Director
- Chandra Lakshminarayan Iyer - Director
The CIN (Corporate Identification Number) of Mahindra Retail is U52190MH2007PLC173762. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mahindra Retail is at Mahindra Towers P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400018.
Mahindra Retail can be reached through the website mahindraretail.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Mahindra Retail on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 July 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra Retail is 27AAFCM2868L1ZY, registered in Maharashtra. The company has 24 GST registrations in all, of which 2 are active and 22 are cancelled or inactive. Other active GSTINs include 29AAFCM2868L1ZU (Karnataka).
Mahindra Retail operated in the e-commerce industry, in the online baby products retail segment.
Mahindra Retail has 15 deals on record (6 rights issues, 4 funding rounds, 3 secondary share transfers), with disclosed funding of ₹331.28 Cr; the latest was in January 2021.