India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Abhishek Narbaria ₹1,100 Cr
Revenue · FY 2025
₹186.2 Cr
▼ 11% YoY
Net loss · FY 2025
₹84.5 Cr
Net margin -45.4%
EBITDA · FY 2025
-₹53.44 Cr
EBITDA margin -28.7%
Authorised capital
₹1,267 Cr
Registered with MCA
Paid-up capital
₹271.81 Cr
Issued & subscribed
Open charges
₹29 Cr
Satisfied ₹120 Cr
Company age
15 yrs
Est. 2011
Directors on board
5
As per MCA filings
About Pepperfry Limited
Data last updated:
Pepperfry Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 25 July 2011 and has been in existence for over 15 years.
Its director Abhishek Narbaria is #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2011PLC220126. Its GSTIN is 27AADCT9282F1Z0 (Maharashtra). The company holds 55 GST registrations, of which 51 are active.
The company has an authorised share capital of ₹1,267 Cr and a paid-up capital of ₹271.81 Cr. It was formerly known as Trendsutra Platform Services Private Limited. It is led by directors including Ashish Dasharath Shah and Mangina Srinivas Rao.
Its last annual general meeting (AGM) was held on 23 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹186.2 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹84.5 Cr (net margin -45.4%) and EBITDA of -₹53.44 Cr (EBITDA margin -28.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years.
Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: Pepperfry. As per MCA filings, the company has open charges of ₹29 Cr and satisfied charges of ₹120 Cr on record. Court records list 8 cases involving the company, including 5 filed by the company and 3 filed against it. The company has 26 deals on record (7 funding rounds, 6 debt financings, 4 rights issues), with disclosed funding of ₹1,029.21 Cr; the latest was in January 2026. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 582 overdue payments to 149 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 pepperfry.com.
Company details
CIN U74990MH2011PLC220126
Registration Number 220126
Incorporation Date 25 July 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 December 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Pepperfry has one previous CIN (Corporate Identification Number): U74990MH2011PTC220126. The current CIN is U74990MH2011PLC220126, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74990MH2011PLC220126 | Current |
| U74990MH2011PTC220126 | Previous |
Key People
Ashish Dasharath Shah Director Mangina Srinivas Rao Additional Director Tarun Dinesh Agarwal Additional Director Recognitions & Rankings of Pepperfry
Contact details
Pepperfry Limited's registered office is in Mumbai, Maharashtra. Its website is pepperfry.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address06 Gbd Industrial Building No. 6 Survey No. 35, Off Village Vikhroli C.T.S. No. 31 Pirojsha Nagar Vikhroli West, Mumbai, Maharashtra, India – 400079
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Pepperfry Limited, buy the company report.
Comprehensive company report
Pepperfry 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
Pepperfry operates one associated brand: Pepperfry. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category home products are offered through an online marketplace. | pepperfry.com |
Business activity
The main business activity of Pepperfry is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Pepperfry Limited, buy the company report.
Financials of Pepperfry Limited
FY 2025 filings availablePepperfry Limited reported revenue of ₹186.2 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹186.2 Cr ▼ 11%
Net loss · FY 2025
₹84.5 Cr margin -45.4%
EBITDA · FY 2025
-₹53.44 Cr margin -28.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 11% over three years, including a 11% fall 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹53.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹84.5 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.7% | ||||
| Net Profit Margin | -45.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Pepperfry Limited, buy the company report.
Board of directors of Pepperfry Limited
Pepperfry has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Dasharath Shah Also directs: Forty Two Ventures Limited, Pepperfry Modular Private Limited, Clouddio Sleep Private Limited and 1 more | Director | 10 May 2022 | 4 Years 5 Months | Current |
| Mangina Srinivas Rao | Additional Director | 08 Dec 2025 | 0 Years 11 Months | Current |
| Tarun Dinesh Agarwal Also directs: Belding India Limited, Ferro Tech India Private Limited, Movira Advisors Private Limited and 4 more | Additional Director | 08 Dec 2025 | 0 Years 11 Months | Current |
| Nikhil Dilipbhai Bhuta Also directs: Belding India Limited, Efc Investment Advisors Private Limited, Efc Aif LLP and 5 more | Additional Director | 08 Dec 2025 | 0 Years 11 Months | Current |
| Abhishek Narbaria | Additional Director | 08 Dec 2025 | 0 Years 11 Months | Current |
Auditor
Pepperfry Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2025 | 117366W/W-100018 |
Shareholding
The shareholding of Pepperfry Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Pepperfry Limited, buy the company report.
Charges & borrowings
Open charges
₹29 Cr
Satisfied charges
₹120 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Nov 2024 | 101011365 | Others | ₹29 Cr | Open | |
| 29 May 2023 | 100733244 | Others | ₹5 Cr | Satisfied | |
| 25 Mar 2022 | 100563789 | Others | ₹40 Cr | Satisfied | |
| 29 Jan 2021 | 100412382 | Others | ₹15 Cr | Satisfied | |
| 29 Jan 2021 | 100412383 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Pepperfry Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Pepperfry Limited has 26 deals on record (7 funding rounds, 6 debt financings, 4 rights issues), with disclosed funding of ₹1,029.21 Cr; the latest was in January 2026.
Total deals
26
Funding rounds
7
Debt financings
6
Rights issues
4
Convertible or debt financings
4
Disclosed funding
₹1,029.21 Cr
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Acquisition | Undisclosed | Buyer: TCC Concept Limited |
| Nov 2024 | Debt financing | ₹29 Cr | Investors: Alteria Capital |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Aarin Capital Seller: Zodius Capital |
| Nov 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Deepak Khimji Chheda Prachi Exports |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Ananta Capital, Dhanvallabh Ventures Fund - Scheme I Seller: 4 individuals |
To see the full deal history of Pepperfry 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
Pepperfry Limited has 8 court cases on record: 5 filed by Pepperfry, 3 filed against it. All cases are disposed.
Total cases
8
Filed by the company
5
Filed against the company
3
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 1 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (4 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Appeal | Filed against the company by M/S Trendsutra Client Services Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by S Ward Shop and Establishment Department (Through Prashant Tukaram Bendhari) | Disposed |
| High Court | Writ petition | Filed by the company against Union of India and 3 others | Disposed |
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed against the company by M/S Virat Infra | Disposed |
To see the full case history of Pepperfry 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
Pepperfry Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 582 overdue payments to 149 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 149)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| B&B Homescape | |||
| Tradebay LLP | |||
| an individual supplier | |||
| Exotel Techcom Private Limited |
To see the full MSME payment records of Pepperfry Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Pepperfry has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Pepperfry Modular Private Limited | U36109MH2021PTC363980 | |
| Clouddio Sleep Private Limited | U36999MH2021PTC364420 | |
| Pepcart Logistics Private Limited | U63090MH2016FTC280363 |
To see the full group structure of Pepperfry Limited, buy the company report.
GST
Pepperfry has 55 GST registrations: 51 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
55
Active
51
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT9282F1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCT9282F1CB | Maharashtra | Active | 16 Oct 2018 |
| 27AADCT9282F2ZZ | Maharashtra | Active | 01 Apr 2025 |
| 29AADCT9282F1C7 | Karnataka | Active | 16 Oct 2018 |
To see the full GST registrations and return filing status of Pepperfry Limited, buy the company report.
Recent activity
Pepperfry Limited has 23 board changes on record since 2011: 9 appointments and 14 cessations. The latest: Abhishek Narbaria was appointed as Additional Director on 08 Dec 2025.
AGM
Pepperfry Limited last Annual general meeting of members was held on 23 Dec 2025 as per latest MCA records.
Appointed
Abhishek Narbaria was appointed as Additional Director.
Appointed
Mangina Srinivas Rao was appointed as Additional Director.
Appointed
Nikhil Dilipbhai Bhuta was appointed as Additional Director.
Appointed
Tarun Dinesh Agarwal was appointed as Additional Director.
Filing
Pepperfry Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Madhusudan Lalchand Bihani was appointed as CFO.
Charges
A charge registered on 29 May 2023 via Charge ID 100733244 with Others was fully satisfied on 29 Nov 2024.
Charges
A charge with Others amounted to Rs. 29.00 Cr with Charge ID 101011365 was registered on 15 Nov 2024.
Charges
A charge registered on 25 Mar 2022 via Charge ID 100563789 with Others was fully satisfied on 03 Sep 2024.
Charges
A charge registered on 29 Jan 2021 via Charge ID 100412382 with Others was fully satisfied on 02 Jul 2024.
Charges
A charge registered on 29 Jan 2021 via Charge ID 100412383 with Others was fully satisfied on 02 Jul 2024.
26 earlier events are in the company report.
News
Frequently asked questions
Pepperfry is an active public limited company based in Mumbai, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 25 July 2011 (15+ years old) and is registered under CIN U74990MH2011PLC220126.
Pepperfry has 5 current directors:
- Ashish Dasharath Shah - Director
- Mangina Srinivas Rao - Additional Director
- Tarun Dinesh Agarwal - Additional Director
- Nikhil Dilipbhai Bhuta - Additional Director
- Abhishek Narbaria - Additional Director
The latest financial statements of Pepperfry on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pepperfry is 27AADCT9282F1Z0, registered in Maharashtra. The company has 55 GST registrations in all, of which 51 are active and 4 are cancelled or inactive. Other active GSTINs include 27AADCT9282F1CB (Maharashtra), 27AADCT9282F2ZZ (Maharashtra), 29AADCT9282F1C7 (Karnataka).
The CIN (Corporate Identification Number) of Pepperfry is U74990MH2011PLC220126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pepperfry has 8 court cases on record: 5 filed by the company and 3 filed against it. Most are in the high courts.
Pepperfry was incorporated on 25 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Pepperfry has 26 deals on record (7 funding rounds, 6 debt financings, 4 rights issues), with disclosed funding of ₹1,029.21 Cr; the latest was in January 2026.
Abhishek Narbaria was appointed as Additional Director on 08 Dec 2025. Mangina Srinivas Rao was appointed as Additional Director on 08 Dec 2025. Nikhil Dilipbhai Bhuta was appointed as Additional Director on 08 Dec 2025. Pepperfry has 23 board changes on record in total.
Pepperfry has 14 MSME Form 1 returns on record between 2019 and 2024, listing 582 overdue payments to 149 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Pepperfry can be reached through the website pepperfry.com. Its registered office is in Mumbai, Maharashtra, India.
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