About Grantrail Wholesale Private Limited
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Grantrail Wholesale Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Trustroot Internet Private Limited. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 18 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2019FTC123537. Its GSTIN is 29AAHCG7843H1Z6 (Karnataka). The company holds 13 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹8.19 Cr. It is led by directors Ritesh Kumar Singh (Whole-Time Director) and Piyush Dhudhani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹377.55 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹67.96 Cr (net margin -18%) and EBITDA of -₹69.56 Cr (EBITDA margin -18.4%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹80 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 3 cases are pending. The company has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2023. The company has 7 MSME Form 1 returns on record between 2021 and 2023, listing 141 overdue payments to 41 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grantrailwholesale.com.
Company details
Contact details
Grantrail Wholesale Private Limited's registered office is in Bangalore, Karnataka. Its website is grantrailwholesale.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTwa – Sjr – The Hub 1st Floor Of South Wing Survey Number 8 2 & 9, Sarjapur Main Road Sarjapur – Marathahalli Road Bellandur, Bangalore, Karnataka, India – 560102
- IndustryPharma, Pharmaceutical Retailers & Distributors
To see the full contact details of Grantrail Wholesale Private 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
Business activity
The main business activity of Grantrail Wholesale is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Grantrail Wholesale Private Limited, buy the company report.
Financials of Grantrail Wholesale Private Limited
FY 2025 filings availableGrantrail Wholesale Private Limited reported revenue of ₹377.55 Cr (down 50% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 50% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 84%. 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹377.55 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹69.56 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹67.96 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -18.4% | |||
| Net Profit Margin | -18% | |||
| 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 Grantrail Wholesale Private Limited, buy the company report.
Board of directors of Grantrail Wholesale Private Limited
Grantrail Wholesale has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Dhudhani | Director | 05 Feb 2024 | 2 Years 8 Months | Current |
| Ritesh Kumar Singh | Whole-Time Director | 10 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Grantrail Wholesale Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Grantrail Wholesale Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Grantrail Wholesale Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2023 | 100711994 | Axis Bank Limited | ₹10 Cr | Satisfied | |
| 08 Sep 2021 | 100485186 | Others | ₹30 Cr | Satisfied | |
| 08 Feb 2021 | 100419198 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Satisfied |
To see the full charge records of Grantrail Wholesale Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Grantrail Wholesale Private Limited has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Trustroot Internet Pte Limited Seller: Realsimple Private Limited |
| Oct 2020 | Rights issue | ₹279.78 Cr | Investors: Realsimple Private Limited |
| Jan 2020 | Rights issue | ₹128.66 Cr | Investors: Realsimple Private Limited |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: Realsimple Private Limited Seller: Inventech Private Limited |
| Aug 2019 | Rights issue | ₹49.42 Cr | Investors: Inventech Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Grantrail Wholesale Private Limited has 9 court cases on record: 8 filed by Grantrail Wholesale, 1 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 1 | 2 |
| High courts | 2 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Wardwiz India Solutions Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Fenway Pharmaceuticals Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Badabyte Infotech Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Wardwiz India Solutions Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Wardwiz India Solutions Private Limited and 2 others | Disposed |
To see the full case history of Grantrail Wholesale Private 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
Grantrail Wholesale Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 141 overdue payments to 41 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 41)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tan90 Thermal Solutions Private Limited | |||
| Berggruen Hotels Private Limited | |||
| Adtech Solutions | |||
| Ascensive Digiprint Solutions Private Limited | |||
| Oam Industries (India) Private Limited |
To see the full MSME payment records of Grantrail Wholesale Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Grantrail Wholesale Private Limited has a workforce of 34 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Grantrail Wholesale has 13 GST registrations: 12 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCG7843H1Z6 | Karnataka | Active | 02 Jul 2019 |
| 29AAHCG7843H2Z5 | Karnataka | Active | 26 Feb 2024 |
| 07AAHCG7843H1ZC | Delhi | Active | 12 Sep 2019 |
| 08AAHCG7843H1ZA | Rajasthan | Active | 12 Sep 2019 |
To see the full GST registrations and return filing status of Grantrail Wholesale Private Limited, buy the company report.
Recent activity
Grantrail Wholesale Private Limited has 11 board changes on record since 2019: 2 appointments and 9 cessations. The latest: Piyush Dhudhani ceased to be Additional Director on 26 Sep 2024.
10 earlier events are in the company report.
Frequently asked questions
Grantrail Wholesale is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 18 April 2019 (7+ years old) and is registered under CIN U51909KA2019FTC123537.
Grantrail Wholesale has 2 current directors:
- Ritesh Kumar Singh - Whole-Time Director
- Piyush Dhudhani - Director
The latest financial statements of Grantrail Wholesale on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Grantrail Wholesale is 29AAHCG7843H1Z6, registered in Karnataka. The company has 13 GST registrations in all, of which 12 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAHCG7843H2Z5 (Karnataka), 07AAHCG7843H1ZC (Delhi), 08AAHCG7843H1ZA (Rajasthan).
The CIN (Corporate Identification Number) of Grantrail Wholesale is U51909KA2019FTC123537. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grantrail Wholesale has 9 court cases on record: 8 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.
Grantrail Wholesale was incorporated on 18 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Grantrail Wholesale has 5 deals on record (3 rights issues, 2 secondary share transfers); the latest was in March 2023.
Piyush Dhudhani ceased to be Additional Director on 26 Sep 2024. Piyush Dhudhani was appointed as Director on 05 Feb 2024. Ritesh Kumar Singh ceased to be Additional Director on 07 Sep 2023. Grantrail Wholesale has 11 board changes on record in total.
Grantrail Wholesale has 7 MSME Form 1 returns on record between 2021 and 2023, listing 141 overdue payments to 41 micro and small suppliers. The latest return was filed on 14 Nov 2023.
Grantrail Wholesale can be reached through the website grantrailwholesale.com. Its registered office is in Bangalore, Karnataka, India.
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