MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-HR-05-0044810
Mayasheel Retail India Limited - consumer services in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹157.95 Cr
▼ 10% YoY
Net profit · FY 2023
₹96.3 Lakh
Net margin 0.6%
EBITDA · FY 2023
₹6.38 Cr
EBITDA margin 4%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹30 Cr
Issued & subscribed
Open charges
₹36.3 Cr
Satisfied ₹20.05 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
937
Provident fund records
About Mayasheel Retail India Limited
Data last updated:
Mayasheel Retail India Limited is a public limited company based in New Delhi, Delhi, India. It operates in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52599DL2018PLC333450. Its GSTIN is 06AALCM8166F1Z6 (Haryana). The company holds 17 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹30 Cr. It is led by directors including Atul Garg (Managing Director) and Sushil Kumar Karwa.
Its last annual general meeting (AGM) was held on 30 December 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 5709 Gali No 6 Subhash Mohalla Gandhi Nagar, New Delhi, Delhi, India – 110031.
As per the financials filed for FY 2023, the company reported a revenue of ₹157.95 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹96.3 Lakh (net margin 0.6%) and EBITDA of ₹6.38 Cr (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
The company has about 937 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Bazar India. As per MCA filings, the company has open charges of ₹36.3 Cr and satisfied charges of ₹20.05 Cr on record. Court records list 349 cases involving the company, including 36 filed by the company and 313 filed against it; 160 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.05 Cr; the latest was in March 2022. Its 5 peer companies in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 2 smaller; the largest is Namdhari Agro-Fresh Private Limited with revenue of ₹159.92 Cr. The company has 15 MSME Form 1 returns on record between 2019 and 2024, listing 392 overdue payments to 64 micro and small suppliers.
Mayasheel Retail India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0044810). For more details, the company can be reached via its website bazarindia.co.in.
Company details
CIN U52599DL2018PLC333450
Registration Number 333450
Incorporation Date 04 May 2018
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 December 2023
Date of Balance Sheet 31 March 2023
MSME Classification Medium
Udyam Registration UDYAM-HR-05-0044810
Recognitions & Rankings of Mayasheel Retail India
Contact details
Mayasheel Retail India Limited's registered office is in New Delhi, Delhi. Its website is bazarindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5709 Gali No 6 Subhash Mohalla Gandhi Nagar, New Delhi, Delhi, India – 110031
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Mayasheel Retail India Limited, buy the company report.
Comprehensive company report
Mayasheel Retail India 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
Mayasheel Retail India operates one associated brand: Bazar India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retail chain of consumer products | bazarindia.co.in |
Business activity
The main business activity of Mayasheel Retail India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Mayasheel Retail India Limited, buy the company report.
Financials of Mayasheel Retail India Limited
FY 2023 filings availableMayasheel Retail India Limited reported revenue of ₹157.95 Cr (down 10% YoY) for FY 2023.
Revenue · FY 2023
₹157.95 Cr ▼ 10%
Net profit · FY 2023
₹96.3 Lakh margin 0.6%
EBITDA · FY 2023
₹6.38 Cr margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 68%
3 years · compounded
▲ 19%
Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 10% fall in the latest year. EBITDA fell 68% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹157.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹96.3 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Mayasheel Retail India Limited, buy the company report.
Board of directors of Mayasheel Retail India Limited
Mayasheel Retail India has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushil Kumar Karwa Also directs: Mayasheel Infra Private Limited | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Atul Garg Also directs: Mayasheel Infra Private Limited | Managing Director | 04 May 2018 | 8 Years 5 Months | Current |
| Neha Garg | Director | 05 Nov 2020 | 5 Years 11 Months | Current |
Peer comparison
Mayasheel Retail India Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hypermarkets), 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 |
|---|---|---|---|---|---|---|
| Namdhari Agro-Fresh Private Limited | ₹159.92 Cr (FY 2025) | 16.0% | Bangalore, Karnataka, India | |||
| Megashop Retail Private Limited | ₹159.9 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Praxis Home Retail Limited | ₹158.12 Cr (FY 2025) | -30.0% | Jogeshwari East, Maharashtra, India | |||
| Mayasheel Retail India Limitedthis company | ₹157.95 Cr (FY 2023) | ₹96.3 Lakh | 0.6% | -10.0% | 937 | New Delhi, Delhi, India |
| Nysaa Retail Venture Private Limited | ₹153.19 Cr (FY 2024) | -30.0% | Delhi, India | |||
| Arambagh Foodmart Private Limited | ₹147.4 Cr (FY 2025) | 11.0% | Arambagh, West Bengal, India |
To see the full peer comparison of Mayasheel Retail India Limited, buy the company report.
Auditor
Mayasheel Retail India Limited is audited by AKNR & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AKNR & Co. | FY 2023 | 023076C |
Shareholding
The shareholding of Mayasheel Retail India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mayasheel Retail India Limited, buy the company report.
Charges & borrowings
Open charges
₹36.3 Cr
Satisfied charges
₹20.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Dec 2022 | 100673719 | Yes Bank Limited | ₹36.3 Cr | Open | |
| 20 Feb 2020 | 100330446 | Others | ₹2 Cr | Satisfied | |
| 25 Apr 2019 | 100263177 | Others | ₹1.95 Cr | Satisfied | |
| 12 Mar 2019 | 100250305 | Hdfc Bank Limited | ₹49.75 Lakh | Satisfied | |
| 23 Oct 2018 | 100229863 | Others | ₹18 Lakh | Satisfied |
To see the full charge records of Mayasheel Retail India Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Mayasheel Retail India Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.05 Cr; the latest was in March 2022.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹9.05 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹5.05 Cr | Investors: Planify Capital Limited |
| Feb 2022 | Funding round | ₹4 Cr | Investors: 4 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mayasheel Retail India Limited has 349 court cases on record: 36 filed by Mayasheel Retail India, 313 filed against it. 160 cases are pending and 189 are disposed.
Total cases
349
Filed by the company
36
Filed against the company
313
Pending
160
Disposed
189
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 332 | 307 | 155 |
| High courts | 15 | 5 | 3 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 349)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Writ petition | Filed against the company by Yes Bank Ltd and 1 other | Pending |
| District court, Shahdara, Delhi | Commercial suit | Filed against the company by Hello Brother Fashion LLP | Pending |
| District court, Shahdara, Delhi | Commercial suit | Filed against the company by Fulltoss Creemz India LLP | Pending |
| High Court | Interim or miscellaneous application | Filed by the company against Rukmani Buildtech Limited and 1 other | Pending |
| District court, Patna, Bihar | Court case (EXECUITION CASES) | Filed by the company against M/S City Ventures India Limited and Another and 1 other | Pending |
To see the full case history of Mayasheel Retail India 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
Mayasheel Retail India Limited was last rated by Crisil on 27 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 27 May 2020 |
To see the full credit ratings and regulatory alerts of Mayasheel Retail India Limited, buy the company report.
MSME payment delays
Mayasheel Retail India Limited has 15 MSME Form 1 returns on record between 2019 and 2024, listing 392 overdue payments to 64 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 64)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Anand Mangal Enterprise | |||
| an individual supplier | |||
| East Coast Distributors Private Limited |
To see the full MSME payment records of Mayasheel Retail India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mayasheel Retail India Limited has a workforce of 937 employees on its EPFO records as of Apr 09, 2025, across 1 active EPFO establishment.
Employee count
937
Active EPFO establishments
1
Employee growth
-8.05%
GST
Mayasheel Retail India has 17 GST registrations: 11 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
11
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AALCM8166F1Z6 | Haryana | Active | 01 Jun 2018 |
| 09AALCM8166F1Z0 | Uttar Pradesh | Active | 01 Jun 2018 |
| 10AALCM8166F1ZH | Bihar | Active | 01 Jun 2018 |
| 12AALCM8166F1ZD | Arunachal Pradesh | Active | 01 Jun 2018 |
To see the full GST registrations and return filing status of Mayasheel Retail India Limited, buy the company report.
Recent activity
Mayasheel Retail India Limited has 17 board changes on record since 2018: 4 appointments and 13 cessations. The latest: Sanjeev Agarwal ceased to be CFO on 01 May 2024.
Charges
A charge registered on 12 Mar 2019 via Charge ID 100250305 with Hdfc Bank Limited was fully satisfied on 15 Jun 2024.
Ceased
Sanjeev Agarwal ceased to be CFO.
AGM
Mayasheel Retail India Limited last Annual general meeting of members was held on 30 Dec 2023 as per latest MCA records.
Ceased
Deepak Chauhan ceased to be Additional Director.
Charges
A charge with Yes Bank Limited of Rs. 36.30 Cr registered on 29 Dec 2022 with Charge ID 100673719 was modified on 30 Sep 2023.
Ceased
Puneet Kalani ceased to be Director.
Ceased
Sunil Kumar Karwa ceased to be Director.
Filing
Mayasheel Retail India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.
Charges
A charge registered on 25 Apr 2019 via Charge ID 100263177 with Others was fully satisfied on 29 Mar 2023.
Ceased
Sandeep Verma ceased to be Additional Director.
Charges
A charge registered on 11 Oct 2018 via Charge ID 100211228 with Others was fully satisfied on 09 Feb 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 36.30 Cr with Charge ID 100673719 was registered on 29 Dec 2022.
28 earlier events are in the company report.
Frequently asked questions
Mayasheel Retail India is an active public limited company based in New Delhi, Delhi, India. The company works in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U52599DL2018PLC333450.
Mayasheel Retail India has 3 current directors:
- Atul Garg - Managing Director
- Sushil Kumar Karwa - Director
- Neha Garg - Director
The latest financial statements of Mayasheel Retail India on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 December 2023. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Mayasheel Retail India is 06AALCM8166F1Z6, registered in Haryana. The company has 17 GST registrations in all, of which 11 are active and 6 are cancelled or inactive. Other active GSTINs include 09AALCM8166F1Z0 (Uttar Pradesh), 10AALCM8166F1ZH (Bihar), 12AALCM8166F1ZD (Arunachal Pradesh).
The CIN (Corporate Identification Number) of Mayasheel Retail India is U52599DL2018PLC333450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayasheel Retail India has 349 court cases on record: 36 filed by the company and 313 filed against it. 160 are pending. Most are in the district courts.
Mayasheel Retail India was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Mayasheel Retail India has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.05 Cr; the latest was in March 2022.
The peers of Mayasheel Retail India by revenue are Namdhari Agro-Fresh Private Limited, Megashop Retail Private Limited, Praxis Home Retail Limited, Nysaa Retail Venture Private Limited, Arambagh Foodmart Private Limited, all in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading).
Sanjeev Agarwal ceased to be CFO on 01 May 2024. Deepak Chauhan ceased to be Additional Director on 29 Dec 2023. Puneet Kalani ceased to be Director on 29 Sep 2023. Mayasheel Retail India has 17 board changes on record in total.
Yes, Mayasheel Retail India is registered as a medium enterprise under Udyam registration (number: UDYAM-HR-05-0044810).
Mayasheel Retail India has 15 MSME Form 1 returns on record between 2019 and 2024, listing 392 overdue payments to 64 micro and small suppliers. The latest return was filed on 01 May 2024.
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