About Planet 'M' Retail Limited
Data last updated:
Planet 'M' Retail Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 06 February 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70102MH2007PLC167606. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1.1 Cr. It was formerly known as Magicbrix.Com Limited. It is led by directors including Gregary Herald Fernandes and Amit Chandrashekhar Poddar (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2016, the company reported a revenue of ₹34.13 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹13.06 Cr (net margin -38.3%) and EBITDA of -₹9.46 Cr (EBITDA margin -27.7%).
The company is associated with 1 brand: Planet M. Court records list 93 cases involving the company, including 51 filed by the company and 42 filed against it; 11 cases are pending.
The last known website on record is magicbricks.com.
Company details
Contact details
Planet 'M' Retail Limited's registered office is in Mumbai, Maharashtra. Its website is magicbricks.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConsumer Goods, Accessories Retail & Distribution
To see the full contact details of Planet 'M' 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
Brands
Planet 'M' Retail operates one associated brand: Planet M. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hosting services for web applications are provided by Planet M. | planetm.in |
Business activity
The main business activity of Planet 'M' Retail 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 Planet 'M' Retail Limited, buy the company report.
Financials of Planet 'M' Retail Limited
FY 2016 filings availablePlanet 'M' Retail Limited reported revenue of ₹34.13 Cr (down 78% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 78% in the latest year. EBITDA rose 19% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹34.13 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹9.46 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹13.06 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -27.7% | |
| Net Profit Margin | -38.3% | |
| 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 Planet 'M' Retail Limited, buy the company report.
Board of directors of Planet 'M' Retail Limited
Planet 'M' Retail has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gregary Herald Fernandes Also directs: Sadguru Multitrade Private Limited, Conifer Textiles Private Limited, Synlene Packaging and Electronics Private Limited and 3 more | Director | 30 Jun 2014 | 12 Years 3 Months | As last reported |
| Amit Chandrashekhar Poddar | Irp/Rp/Liquidator | 08 Nov 2023 | 2 Years 11 Months | As last reported |
| Suresh Maruti Patil Also directs: The Invex Private Limited, Akai Consumer Electronics India Limited, Videocon Realty Private Limited and 5 more | Director | 09 May 2014 | 12 Years 5 Months | As last reported |
| Sanjay Kumar | Director | 28 Mar 2015 | 11 Years 6 Months | As last reported |
Peer comparison
Planet 'M' Retail Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Gopala Sales Private Limited | ₹35.54 Cr (FY 2025) | 54.0% | New Delhi, Delhi, India | |||
| Harshvardhan Retailing Private Limited | ₹34.83 Cr (FY 2025) | 25.0% | Jaipur, Rajasthan, India | |||
| Planet 'M' Retail Limitedthis company | ₹34.13 Cr (FY 2016) | -₹13.06 Cr | -38.3% | -78.0% | Mumbai, Maharashtra, India | |
| Rama Stores Private Limited | ₹33.15 Cr (FY 2025) | -12.0% | Chandigarh, India |
To see the full peer comparison of Planet 'M' Retail Limited, buy the company report.
Auditor
Planet 'M' Retail Limited is audited by K S S & COMPANY for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S S & COMPANY | FY 2016 | 126322W |
Shareholding
The shareholding of Planet 'M' Retail Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Planet 'M' Retail Limited, buy the company report.
Legal cases
Planet 'M' Retail Limited has 93 court cases on record: 51 filed by Planet 'M' Retail, 42 filed against it. 11 cases are pending and 82 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 61 | 30 | 10 |
| High courts | 30 | 10 | 1 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Lucknow, Uttar Pradesh | Court case (Regular Suit) | Filed by the company against Sahara India Commercial Corporation Ltd. | Disposed |
| District court, Lucknow, Uttar Pradesh | Arbitration matter | Filed by the company against Sahara India Commercial Corporation Ltd. | Disposed |
| District court, Kamrup Metro, Assam | Court case (Complaint Case C.R.) | Filed against the company by Mridul Properties Pvt.Ltd | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Black Pearl Hotels (Pvt) Ltd | Disposed |
| District court, Lucknow, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against Sahara India Commercial Corporation Ltd. | Disposed |
To see the full case history of Planet 'M' 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 Planet 'M' Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Planet 'M' Retail Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Planet 'M' Retail has 10 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 Planet 'M' Retail Limited, buy the company report.
Recent activity
Planet 'M' Retail Limited has 16 board changes on record since 2007: 4 appointments and 12 cessations. The latest: Amit Chandrashekhar Poddar was appointed as Irp/Rp/Liquidator on 08 Nov 2023.
7 earlier events are in the company report.
News
Frequently asked questions
Planet 'M' Retail is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Planet 'M' Retail is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 06 February 2007 and is registered under CIN U70102MH2007PLC167606. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Planet 'M' Retail has 4 current directors:
- Gregary Herald Fernandes - Director
- Suresh Maruti Patil - Director
- Sanjay Kumar - Director
- Amit Chandrashekhar Poddar - Irp/Rp/Liquidator
The latest financial statements of Planet 'M' Retail on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Planet 'M' Retail is U70102MH2007PLC167606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Planet 'M' Retail has 93 court cases on record: 51 filed by the company and 42 filed against it. 11 are pending. Most are in the district courts.
Planet 'M' Retail was incorporated on 06 February 2007. It is registered with the Registrar of Companies, Mumbai.
The peers of Planet 'M' Retail by revenue are Gopala Sales Private Limited, Harshvardhan Retailing Private Limited, Rama Stores Private Limited, all in the Consumer Products industry (Accessories Retail and Distribution), with the same principal business activity (retail trading).
Amit Chandrashekhar Poddar was appointed as Irp/Rp/Liquidator on 08 Nov 2023. Sanjay Kumar ceased to be Additional Director on 30 Sep 2015. Sanjay Kumar was appointed as Director on 28 Mar 2015. Planet 'M' Retail has 16 board changes on record in total.
Planet 'M' Retail can be reached through the website magicbricks.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Planet 'M' Retail is at 171 – C 17th Floor Mittal Court C Wing Nariman Point, Mumbai, Maharashtra, India – 400021.