About Primeside Retail Private Limited
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Primeside Retail Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 28 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52399TN2013PTC091902. Its GSTIN is 33AAHCP2548N1Z3 (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Latha Narendran and Soundarajan Narendran.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at No.27 Senthil Andavar Street Dhanalakshmi Colony Vadapalani, Chennai, Tamil Nadu, India – 600026.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.03 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹68.31 Lakh (net margin -16.9%) and EBITDA of -₹47.82 Lakh (EBITDA margin -11.9%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: MattressBox and Parisera. As per MCA filings, the company has open charges of ₹1 Cr on record. Court records list 22 cases involving the company, including 7 filed by the company and 15 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website parisera.com.
Company details
Contact details
Primeside Retail Private Limited's registered office is in Chennai, Tamil Nadu. Its website is parisera.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.27 Senthil Andavar Street Dhanalakshmi Colony Vadapalani, Chennai, Tamil Nadu, India – 600026
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Primeside Retail 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
Brands
Primeside Retail operates two associated brands: MattressBox and Parisera. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online store for personalized and readymade mattresses with delivery and trials. | mattressbox.in | |
| Operates an online store specializing in handcrafted jewelry and handwoven saris. | parisera.com |
Business activity
The main business activity of Primeside 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 Primeside Retail Private Limited, buy the company report.
Financials of Primeside Retail Private Limited
FY 2019 filings availablePrimeside Retail Private Limited reported revenue of ₹4.03 Cr (down 60% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over three years, including a 60% fall in the latest year. EBITDA fell 118% 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 | ₹4.03 Cr | ||||
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| EBITDA | -₹47.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹68.31 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.9% | ||||
| Net Profit Margin | -16.9% | ||||
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To see the full financial statements and ratios of Primeside Retail Private Limited, buy the company report.
Board of directors of Primeside Retail Private Limited
Primeside Retail has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Latha Narendran | Director | 20 Apr 2018 | 8 Years 6 Months | Current |
| Soundarajan Narendran | Director | 02 Sep 2016 | 10 Years 1 Months | Current |
Peer comparison
Primeside Retail Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution, Textile 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 |
|---|---|---|---|---|---|---|
| Sardarji Saree Wala Private Limited | ₹4.04 Cr (FY 2025) | 10.0% | Lucknow, Uttar Pradesh, India | |||
| Primeside Retail Private Limitedthis company | ₹4.03 Cr (FY 2019) | -₹68.31 Lakh | -16.9% | -60.0% | 30 | Chennai, Tamil Nadu, India |
| Shraddha Material Private Limited | ₹4.03 Cr (FY 2019) | -19.0% | Mumbai, Maharashtra, India | |||
| Abirami Silks Private Limited | ₹4.03 Cr (FY 2025) | -11.0% | Thoothukudi, Tamil Nadu, India |
To see the full peer comparison of Primeside Retail Private Limited, buy the company report.
Auditor
Primeside Retail Private Limited is audited by D M S RAJAN & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D M S RAJAN & ASSOCIATES | FY 2019 | 016089S |
Shareholding
The shareholding of Primeside Retail Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Primeside Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Apr 2018 | 100180147 | Bank of India | ₹1 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Primeside Retail Private Limited has 22 court cases on record: 7 filed by Primeside Retail, 15 filed against it. 4 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 13 | 4 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Criminal case | Filed against the company by PNB Housing Finance Ltd. | Pending |
| District court, Chengalpattu, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Kotak Mahindra Bank Ltd, Rep by Its Authorised Officer Mr Velmurugan | Disposed |
| District court, South West, Delhi | Criminal case | Filed against the company by PNB Housing Finance Limited | Disposed |
| District court, Hyderabad Central, Telangana | Court case (CC - NI) | Filed against the company by M/S Vanity Box Rep.By Its Ms. Vinti Agarwal Goenka | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
To see the full case history of Primeside 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Primeside Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Primeside Retail Private Limited has a workforce of 30 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Primeside Retail has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCP2548N1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Primeside Retail Private Limited, buy the company report.
Recent activity
Primeside Retail Private Limited has 9 board changes on record since 2014: 2 appointments and 7 cessations. The latest: Latha Narendran was appointed as Director on 20 Apr 2018.
1 earlier event is in the company report.
Frequently asked questions
Primeside Retail is an active private limited company based in Chennai, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 28 June 2013 (13+ years old) and is registered under CIN U52399TN2013PTC091902.
Primeside Retail has 2 current directors:
- Latha Narendran - Director
- Soundarajan Narendran - Director
The latest financial statements of Primeside Retail on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Primeside Retail is 33AAHCP2548N1Z3, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Primeside Retail is U52399TN2013PTC091902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primeside Retail has 22 court cases on record: 7 filed by the company and 15 filed against it. 4 are pending. Most are in the district courts.
Primeside Retail was incorporated on 28 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Primeside Retail by revenue are Sardarji Saree Wala Private Limited, Shraddha Material Private Limited, Abirami Silks Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (retail trading).
Latha Narendran was appointed as Director on 20 Apr 2018. Swathanthra Sakthivel ceased to be Director on 01 Jul 2017. Sathya Srikumar ceased to be Additional Director on 30 Sep 2016. Primeside Retail has 9 board changes on record in total.
Primeside Retail can be reached through the website parisera.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Primeside Retail is at No.27 Senthil Andavar Street Dhanalakshmi Colony Vadapalani, Chennai, Tamil Nadu, India – 600026.