About Hypercity Retail (India) Limited
Data last updated:
Hypercity Retail (India) Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kalap Fabtraders Private 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 hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 27 May 2004.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U52510MH2004PLC146577. The company has 9 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹625 Cr and a paid-up capital of ₹151.03 Cr. It was led by directors including Rohit Kalyani (Managing Director) and Jayesh Merchant Vijay.
Its last annual general meeting (AGM) was held on 13 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at Umang Tower 2nd Floor Mindspace Off. Link Road Malad (West), Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2019, the company reported a revenue of ₹17.27 Cr, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹5.51 Cr (net margin -31.9%) and EBITDA of ₹25.82 Lakh (EBITDA margin 1.5%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years and 55% over five years.
The company had about 2,492 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: HyperCITY Retail. As per MCA filings, the company had satisfied charges of ₹633.83 Cr on record. Court records list 45 cases involving the company, including 23 filed by the company and 23 filed against it; 7 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in October 2017.
The last known website on record is hypercityindia.com.
Company details
CIN history
Hypercity Retail (India) has one previous CIN (Corporate Identification Number): U52510MH2004PTC146577. The current CIN is U52510MH2004PLC146577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52510MH2004PLC146577 | Current |
| U52510MH2004PTC146577 | Previous |
Contact details
Hypercity Retail (India) Limited's registered office is in Mumbai, Maharashtra. Its website is hypercityindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUmang Tower 2nd Floor Mindspace Off. Link Road Malad (West), Mumbai, Maharashtra, India – 400064
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Hypercity Retail (India) 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
Hypercity Retail (India) operates one associated brand: HyperCITY Retail. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Retail products are offered through hypermarket stores in India. | hypercityindia.com |
Business activity
The main business activity of Hypercity Retail (India) is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Hypercity Retail (India) Limited, buy the company report.
Financials of Hypercity Retail (India) Limited
FY 2019 filings availableHypercity Retail (India) Limited reported revenue of ₹17.27 Cr (down 98% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 98% fall in the latest year. EBITDA rose 104% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹17.27 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.51 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -31.9% | ||||
| 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 Hypercity Retail (India) Limited, buy the company report.
Board of directors of Hypercity Retail (India) Limited
Hypercity Retail (India) has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayesh Merchant Vijay | Director | 02 May 2019 | 7 Years 5 Months | As last reported |
| Vijai Singh Dugar | Director | 01 Dec 2017 | 8 Years 10 Months | As last reported |
| Rohit Kalyani Also directs: Swift Business Services LLP, Rampal Trading Private Limited | Managing Director | 01 Jul 2018 | 8 Years 3 Months | As last reported |
| Nidhi Bajaj Also directs: Riyanshi Consultancy Services Private Limited | Director | 14 Jan 2019 | 7 Years 9 Months | As last reported |
Auditor
Hypercity Retail (India) Limited is audited by Harshil shah & Company for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Harshil shah & Company | FY 2019 | 141179W |
Shareholding
The shareholding of Hypercity Retail (India) Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hypercity Retail (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jun 2017 | 100103389 | Others | ₹80 Cr | Satisfied | |
| 29 Mar 2017 | 100089663 | Others | ₹70 Cr | Satisfied | |
| 22 Mar 2017 | 100091690 | Yes Bank Limited | ₹20 Cr | Satisfied | |
| 07 Dec 2016 | 100065842 | Others | ₹15 Cr | Satisfied | |
| 06 Jun 2016 | 100032140 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Hypercity Retail (India) Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Hypercity Retail (India) Limited has 2 deals on record (1 secondary share transfer, 1 acquisition); the latest was in October 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Acquisition | ₹649.22 Cr | Buyer: Future Retail Limited |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: Shoppers Stop Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hypercity Retail (India) Limited has 45 court cases on record: 23 filed by Hypercity Retail (India), 23 filed against it. 7 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 12 | 1 |
| District courts | 18 | 10 | 5 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 45)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by M/S Flair Writing Industries Ltd., | Pending |
| Supreme Court | Court case (2405-Indirect Taxation : Service Tax) | Filed against the company by Shoppers Stop Ltd., A Company Incorporated Under the Provisions of the Companies Act, 1956 Through Its Authorized Signatory Mr. Prashant Mehta, Having Its Registered Office at Eureka Towers, B Wing 9Th Floor, Mindspace, Link Road, Malad (West) ,Mumbai , Maharashtra and 2 others | Pending |
| Supreme Court | Court case (2405-Indirect Taxation : Service Tax) | Filed by the company against Khandelwal Estates Pvt. Ltd. Through Its Director, Office at Sani Armaa, Raut Lane, Near Iscon Temple, Juhu, Vile Parle (West) ,Mumbai , Maharashtra and 22 others | Pending |
| District court, West, Delhi | Execution petition | Filed against the company by M/S Okaya Power Pvt. Ltd. | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Punjabi Ghasitaram Halwai Pvt. Ltd. | Disposed |
To see the full case history of Hypercity 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hypercity Retail (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hypercity Retail (India) Limited has a workforce of 2,492 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Hypercity Retail (India) has 9 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 Hypercity Retail (India) Limited, buy the company report.
Recent activity
Hypercity Retail (India) Limited has 25 board changes on record since 2010: 4 appointments and 21 cessations. The latest: Jayesh Merchant Vijay ceased to be Additional Director on 13 Sep 2019.
59 earlier events are in the company report.
News
Frequently asked questions
Hypercity Retail (India) 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.
Hypercity Retail (India) was a public limited company based in Mumbai, Maharashtra, India. The company worked in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 27 May 2004 and is registered under CIN U52510MH2004PLC146577. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Hypercity Retail (India) was incorporated on 27 May 2004. It is registered with the Registrar of Companies, Mumbai.
Hypercity Retail (India) had 4 directors:
- Rohit Kalyani - Managing Director
- Jayesh Merchant Vijay - Director
- Vijai Singh Dugar - Director
- Nidhi Bajaj - Director
The CIN (Corporate Identification Number) of Hypercity Retail (India) is U52510MH2004PLC146577. 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 Hypercity Retail (India) is at Umang Tower 2nd Floor Mindspace Off. Link Road Malad West, Mumbai, Maharashtra, India – 400064.
Hypercity Retail (India) can be reached through the website hypercityindia.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Hypercity Retail (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 13 September 2019. Year-wise statements from 2015 are in the company report.
No. Hypercity Retail (India) has 9 GST registrations on record and all of them are cancelled or inactive.
Hypercity Retail (India) operated in the consumer services industry, in the hypermarkets and large retail chains segment.