India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #394 Suresh Patni ₹9,400 Cr
- #408 Ashok Patni ₹9,100 Cr
Revenue · FY 2025
₹411.36 Cr
▼ 6% YoY
Net loss · FY 2025
₹7.6 Cr
Net margin -1.8%
EBITDA · FY 2025
₹8.48 Cr
EBITDA margin 2.1%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹20 Cr
Issued & subscribed
Open charges
₹147.24 Cr
Satisfied ₹80.91 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
844
Provident fund records
About Quest Retail Private Limited
Data last updated:
Quest Retail Private Limited is a private limited company based in Jaipur, Rajasthan, India, a subsidiary of Lotus Retail Private Limited. It operates in the personal care and skincare products segment of the FMCG sector. It was incorporated on 25 November 2005 and has been in existence for over 21 years.
Its director Suresh Patni is #394 among India's richest people (2026). Its director Ashok Patni is #408 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U52190RJ2005PTC021656. Its GSTIN is 08AAACQ1315K1ZL (Rajasthan). The company holds 29 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹20 Cr. It is led by directors including Surender Sharma and Ritu Sharma.
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 G – 10 Ground Floor City Pulse Narain Singh Circle Tonk Road, Jaipur, Rajasthan, India – 302004.
As per the financials filed for FY 2025, the company reported a revenue of ₹411.36 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹7.6 Cr (net margin -1.8%) and EBITDA of ₹8.48 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company has about 844 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: The Body Shop India. As per MCA filings, the company has open charges of ₹147.24 Cr and satisfied charges of ₹80.91 Cr on record. Court records list 54 cases involving the company, including 20 filed by the company and 34 filed against it; 17 cases are pending. The company has 3 deals on record (1 convertible or debt financing, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹16.9 Cr; the latest was in February 2024. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 7 overdue payments to 4 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 thebodyshop.in.
Company details
CIN U52190RJ2005PTC021656
Registration Number 021656
Incorporation Date 25 November 2005
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Lotus Retail Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of Quest Retail
Contact details
Quest Retail Private Limited's registered office is in Jaipur, Rajasthan. Its website is thebodyshop.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 10 Ground Floor City Pulse Narain Singh Circle Tonk Road, Jaipur, Rajasthan, India – 302004
- IndustryFMCG, Personal Care & Skincare Products
To see the full contact details of Quest Retail Private Limited, buy the company report.
Comprehensive company report
Quest Retail Private 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
Quest Retail operates one associated brand: The Body Shop India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cruelty-free beauty and body care products are retailed in India. | thebodyshop.in |
Business activity
The main business activity of Quest 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 Quest Retail Private Limited, buy the company report.
Financials of Quest Retail Private Limited
FY 2025 filings availableQuest Retail Private Limited reported revenue of ₹411.36 Cr (down 6% YoY) for FY 2025.
Revenue · FY 2025
₹411.36 Cr ▼ 6%
Net loss · FY 2025
₹7.6 Cr margin -1.8%
EBITDA · FY 2025
₹8.48 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 70%
3 years · compounded
▼ 43%
5 years · compounded
▼ 34%
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 70% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹411.36 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.6 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | -1.8% | ||||
| 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 Quest Retail Private Limited, buy the company report.
Board of directors of Quest Retail Private Limited
Quest Retail has 6 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surender Sharma Also directs: House of Beauty Private Limited, Pragya Welfare Foundation | Director | 17 Jul 2013 | 13 Years 3 Months | Current |
| Ritu Sharma Also directs: House of Beauty Private Limited | Director | 01 Oct 2021 | 5 Years 0 Months | Current |
| Suresh Patni Also directs: Emerald Family Ventures LLP, Wonder Family Ventures LLP, Patni Family Ventures LLP and 5 more | Director | 11 May 2007 | 19 Years 5 Months | Current |
| Ashok Patni | Director | 11 May 2007 | 19 Years 5 Months | Current |
| Shriti Malhotra Also directs: Fashionwalk Retail Private Limited, Lotus Retail Private Limited, Felix Retail Creations Private Limited and 1 more | Director | 27 Jan 2011 | 15 Years 8 Months | Current |
| Rahul Shanker Also directs: Rasa Verticals Private Limited | Additional Director | 22 Apr 2026 | 0 Years 6 Months | Current |
Auditor
Quest Retail Private Limited is audited by R. MOHNAT & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. MOHNAT & CO. LLP | FY 2023 | 001654C/C400008 |
Shareholding
The shareholding of Quest Retail Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Quest Retail Private Limited, buy the company report.
Charges & borrowings
Open charges
₹147.24 Cr
Satisfied charges
₹80.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2026 | 101235806 | Hdfc Bank Limited | ₹1.14 Cr | Open | |
| 05 Apr 2025 | 101081096 | Hdfc Bank Limited | ₹80.13 Lakh | Open | |
| 21 Nov 2024 | 101016360 | Axis Bank Limited | ₹30 Cr | Open | |
| 24 Apr 2023 | 100727441 | Hdfc Bank Limited | ₹72.49 Lakh | Open | |
| 17 Apr 2023 | 100724879 | Hdfc Bank Limited | ₹20.07 Lakh | Open |
To see the full charge records of Quest Retail Private Limited, buy the company report.
Total charge records: 23 View all charges
Deals & funding
Quest Retail Private Limited has 3 deals on record (1 convertible or debt financing, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹16.9 Cr; the latest was in February 2024.
Total deals
3
Convertible or debt financing
1
Secondary share transfer
1
Acquisition
1
Disclosed funding
₹16.9 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Lotus Retail Private Limited , Lotus Retail Private Limited & Arun Bhardwaj Seller: 2 individuals |
| Mar 2007 | Acquisition | ₹4.95 Cr | Buyer: Lotus Retail Private Limited |
To see the full deal history of Quest Retail Private 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
Quest Retail Private Limited has 54 court cases on record: 20 filed by Quest Retail, 34 filed against it. 17 cases are pending and 37 are disposed.
Total cases
54
Filed by the company
20
Filed against the company
34
Pending
17
Disposed
37
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 26 | 16 |
| High courts | 17 | 7 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Elpro International Ltd Through Amit Mantri | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Elpro International Limited Through Mr. A.M. Mathew | Pending |
| Allahabad High Court | Arbitration matter | Filed against the company by M/S. India Housing, Through Its Authorized Representative Shri Virendra Nath Shukla | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Elpro International Limited Through Its | Disposed |
| District court, Pune, Maharashtra | Court case (M.C.A.) | Filed by the company against Elpro International Limited | Disposed |
To see the full case history of Quest Retail 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.
Credit ratings & regulatory alerts
Quest Retail Private Limited was last rated by Crisil on 12 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Nov 2020 |
To see the full credit ratings and regulatory alerts of Quest Retail Private Limited, buy the company report.
MSME payment delays
Quest Retail Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 7 overdue payments to 4 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 (4 of 4)
To see the full MSME payment records of Quest Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Quest Retail Private Limited has a workforce of 844 employees on its EPFO records as of Sep 22, 2024, across 1 active EPFO establishment.
Employee count
844
Active EPFO establishments
1
Employee growth
6.43%
GST
Quest Retail has 29 GST registrations: 28 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
29
Active
28
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACQ1315K1ZL | Rajasthan | Active | 01 Jul 2017 |
| 03AAACQ1315K1ZV | Punjab | Active | 01 Jul 2017 |
| 04AAACQ1315K1ZT | Chandigarh | Active | 01 Jul 2017 |
| 05AAACQ1315K1ZR | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Quest Retail Private Limited, buy the company report.
Recent activity
Quest Retail Private Limited has 14 board changes on record since 2007: 7 appointments and 7 cessations. The latest: Rahul Shanker was appointed as Additional Director on 22 Apr 2026.
Appointed
Rahul Shanker was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.14 Cr with Charge ID 101235806 was registered on 30 Jan 2026.
AGM
Quest Retail Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 15 Feb 2022 via Charge ID 100556735 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 13 Aug 2025.
Charges
A charge registered on 11 Mar 2020 via Charge ID 100340677 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 24 Jun 2025.
Charges
A charge registered on 17 Jul 2023 via Charge ID 100772268 with Axis Bank Limited was fully satisfied on 19 Jun 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 2.05 Cr registered on 04 Oct 2014 with Charge ID 10526124 was modified on 29 Apr 2025.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 41.00 Cr registered on 28 Aug 2014 with Charge ID 10519124 was modified on 29 Apr 2025.
Charges
A charge registered on 15 Mar 2023 via Charge ID 100726263 with Hdfc Bank Limited was fully satisfied on 16 Apr 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.80 Cr with Charge ID 101081096 was registered on 05 Apr 2025.
Filing
Quest Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge with Hdfc Bank Limited of Rs. 68.50 Cr registered on 19 Oct 2011 with Charge ID 10312859 was modified on 15 Feb 2025.
47 earlier events are in the company report.
News
Frequently asked questions
Quest Retail is an active private limited company based in Jaipur, Rajasthan, India. The company works in personal care and skincare products, within the FMCG industry. It was incorporated on 25 November 2005 (21+ years old) and is registered under CIN U52190RJ2005PTC021656.
Quest Retail has 6 current directors:
- Surender Sharma - Director
- Ritu Sharma - Director
- Suresh Patni - Director
- Ashok Patni - Director
- Shriti Malhotra - Director
- Rahul Shanker - Additional Director
The latest financial statements of Quest Retail 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 2015 are in the company report.
The GSTIN of Quest Retail is 08AAACQ1315K1ZL, registered in Rajasthan. The company has 29 GST registrations in all, of which 28 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAACQ1315K1ZV (Punjab), 04AAACQ1315K1ZT (Chandigarh), 05AAACQ1315K1ZR (Uttarakhand).
The CIN (Corporate Identification Number) of Quest Retail is U52190RJ2005PTC021656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quest Retail has 54 court cases on record: 20 filed by the company and 34 filed against it. 17 are pending. Most are in the district courts.
Quest Retail was incorporated on 25 November 2005, making it 21+ years old. It is registered with the Registrar of Companies, Jaipur.
Quest Retail has 3 deals on record (1 convertible or debt financing, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹16.9 Cr; the latest was in February 2024.
Rahul Shanker was appointed as Additional Director on 22 Apr 2026. Shriti Malhotra ceased to be Director on 31 Mar 2022. Ritu Sharma ceased to be Additional Director on 15 Nov 2021. Quest Retail has 14 board changes on record in total.
Quest Retail has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 7 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Sep 2020.
Quest Retail can be reached through the website thebodyshop.in. Its registered office is in Jaipur, Rajasthan, India.