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 25 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.
Company details
Name history
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
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 |
Contact details
Maya Retail Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressB – 6 1st Floor Laxmi Towers Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Maya 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
Financials of Maya Retail Limited
FY 2015 filings availableMaya Retail Limited reported revenue of ₹360.94 Cr (up 882% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
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
| 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
| 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 | |
To see the full financial statements and ratios of Maya Retail Limited, buy the company report.
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 2 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 8 Months | Current |
| Sanjeev Agarwal | Director | 23 Sep 2011 | 15 Years 1 Months | Current |
Auditor
Maya Retail Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FORD RHODES PARKS & CO LLP | FY 2015 | 102860W |
Shareholding
The shareholding of Maya Retail Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Maya Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jun 2006 | 90345488 | Canara Bank | ₹14 Cr | Open |
To see the full charge records of Maya Retail Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
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 |
To see the full deal history of Maya 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
Maya Retail Limited has 27 court cases on record: 2 filed by Maya Retail, 25 filed against it. 3 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 17 | 2 |
| High courts | 9 | 8 | 1 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kamrup Metro, Assam | Civil suit | Filed against the company by M/S Ottis Associates Pvt Ltd and 9 others | Disposed |
| High Court, JHARKHAND | Court case (C.M.P.) | Filed against the company by Shri Ram Residency Pvt Ltd Through Its Legal and Liaison Ashok Kumar Upadhyay | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed against the company by Ms Indian Clothing League Pvt Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by M/S Credo Brands Marketing Pvt Ltd | Disposed |
| Bombay High Court | Company petition | Filed against the company by Indian Clothing League Pvt. Ltd. Cin No. U17290ch1987ptc026669 | Disposed |
To see the full case history of Maya 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maya Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Maya Retail Limited has 1 active EPFO establishment as of Mar 31, 2024.
GST
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.
To see the full GST registrations and return filing status of Maya Retail Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors:
- Dhanesh Vrajlal Sheth - Director
- Milind Anant Limaye - Director
- Sanjeev Agarwal - Director
The latest financial statements of Maya Retail on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 26 September 2014. Year-wise statements from 2015 are in the company report.
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 25 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.
Dhanesh Vrajlal Sheth ceased to be Director on 26 Sep 2020. Sanjeev Agarwal ceased to be Director on 10 Jun 2017. Milind Anant Limaye ceased to be Additional Director on 28 Sep 2016. Maya Retail has 17 board changes on record in total.
The registered office of Maya Retail is at B – 6 1st Floor Laxmi Towers Bandra – Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.