Maya Retail Limited
About Maya Retail Limited
Data last updated:
Maya Retail Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Gitanjali Lifestyle Limited. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 12 July 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH2001PLC231441. The company has 6 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24.07 Cr. It was formerly known as Salasar International Private Limited and Salasar Retail Private Limited. It is led by directors including Dhanesh Vrajlal Sheth and Milind Anant Limaye.
Its last annual general meeting (AGM) was held on 26 September 2014, and its latest financial statements are for the year ended 31 March 2015. The registered office is at B – 6 1st Floor Laxmi Towers Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2015, the company reported a revenue of ₹360.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹2.92 Cr (net margin -0.8%) and EBITDA of ₹3.65 Cr (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 132% over three years.
As per MCA filings, the company has open charges of ₹14 Cr on record. Court records list 27 cases involving the company, including 2 filed by the company and 22 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹28 Cr; the latest was in March 2011.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
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- Registered AddressB – 6 1st Floor Laxmi Towers Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- 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
Financials of Maya Retail Limited FY 2015 filings available
Maya Retail Limited reported revenue of ₹360.94 Cr (up 882% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR) of Maya Retail Limited
Revenue has grown at a compounded annual rate (CAGR) of 132% over three years, including 882% growth 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 Maya Retail Limited
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | •••• |
| Other Income | •••• |
| Total Revenue | ₹360.94 Cr |
| Cost of Materials Consumed | •••• |
| Employee Benefit Expense | •••• |
| Finance Costs | •••• |
| Depreciation and Amortisation | •••• |
| Other Expenses | •••• |
| Total Expenses | •••• |
| EBITDA | ₹3.65 Cr |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | -₹2.92 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 of Maya Retail Limited
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 1% |
| Net Profit Margin | -0.8% |
| 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 Maya Retail 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.
Auditor Details of Maya Retail Limited
Maya Retail Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| FORD RHODES PARKS & CO LLP | 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.
Board of Directors of Maya Retail Limited
Maya Retail has 3 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhanesh Vrajlal Sheth Also directs: Gitanjali Gold and Precious LLP, Gitanjali Realtors LLP, Mast Jewellery Distributions LLP and 5 more | Director | 19 Aug 2014 | 12 Years 1 Months | Current |
| Milind Anant Limaye Also directs: MMTC Gitanjali Limited, Hyderabad Gems Sez Limited, Nashik Multi Services Sez Limited and 4 more | Director | 18 Feb 2016 | 10 Years 7 Months | Current |
| Sanjeev Agarwal | Director | 23 Sep 2011 | 15 Years 0 Months | Current |
Ownership and Shareholding of Maya Retail 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 Maya Retail Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Jun 2006 | Canara Bank | ₹14 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Maya Retail Limited
Maya Retail Limited has 5 deals on record (3 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹28 Cr; the latest was in March 2011.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2009 | Secondary share transfer | Undisclosed | Buyer: Gitanjali Lifestyle Limited Seller: Krishna Trade & Commerce Pvt. Ltd. |
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Krishna Trade & Commerce Pvt. Ltd. Seller: Ess Emm Enclaves Private Limited, Edelweiss Retail Finance Limited , Rightaid Consultants Private Limited |
| Mar 2007 | Funding round | ₹8 Cr | Investors: Krishna Trade & Commerce Pvt. Ltd. , Ess Emm Enclaves Private Limited |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Maya Retail Limited
Maya Retail Limited has 27 court cases on record: 2 filed by Maya Retail, 22 filed against it, 3 where it is another party. 3 cases are pending and 24 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 14 | 2 |
| High courts | 9 | 8 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Jharkhand | Court case (C.M.P.) | Filed against the company by Shri Ram Residency Private Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Indian Clothing League Private Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Credo Brands Marketing Private Limited | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Indian Clothing League Private Limited | Disposed |
| High Court of Jharkhand | Court case (A.APPL) | Filed against the company by Shri Ram Residency Private Limited | Disposed |
Full case history
All 27 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Maya Retail Limited
Maya Retail Limited has a workforce of 0 employees as of Mar 31, 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.
Name History of Maya Retail Limited
Maya Retail has undergone 3 name changes throughout its history. The company was previously known as Salasar International Private Limited, Salasar Retail Private Limited, and Salasar Retail Limited. The current legal name is Maya Retail Limited.
| Company Name | Status |
|---|---|
| Maya Retail Limited | Current |
| Salasar International Private Limited | Previous |
| Salasar Retail Private Limited | Previous |
| Salasar Retail Limited | Previous |
CIN History of Maya Retail Limited
Maya Retail has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U99999MH2001PLC231441, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH2001PLC231441 | Current |
| U99999WB2001PLC093452 | Previous |
| U99999DL2001PLC208230 | Previous |
Recent Activity on Maya Retail Limited
Maya Retail Limited has 17 board changes on record since 2009: 3 appointments and 14 cessations. The latest: Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Maya Retail 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 Maya Retail 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 Maya Retail 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 Maya Retail Limited
Maya Retail has 6 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Maya Retail 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 Maya Retail Limited
Maya Retail is an active public limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 12 July 2001 (25+ years old) and is registered under CIN U99999MH2001PLC231441.
Maya Retail reported revenue of ₹360.94 Cr for FY 2015 (up 882% YoY).
Maya Retail has 3 current directors:
- Dhanesh Vrajlal Sheth - Director
- Milind Anant Limaye - Director
- Sanjeev Agarwal - Director
Maya Retail reported a net loss of ₹2.92 Cr (net margin -0.8%) and EBITDA of ₹3.65 Cr (EBITDA margin 1%) for FY 2015, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Maya Retail is 132% over three years. In the latest year (FY 2015) revenue rose 882%. CAGR is the steady yearly rate that links the first and the last year.
No. Maya Retail has 6 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Maya Retail is U99999MH2001PLC231441. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maya Retail has 27 court cases on record: 2 filed by the company and 22 filed against it. 3 are pending. Most are in the district courts.
Maya Retail was incorporated on 12 July 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Maya Retail has 5 deals on record (3 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹28 Cr; the latest was in March 2011.