Primus Retail Private Limited
About Primus Retail Private Limited
Data last updated:
Primus Retail Private Limited is a private limited company based in Bangalore, Karnataka, 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 fashion retail segment of the fashion and textiles sector. It was incorporated on 29 November 1995.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA1995PTC019281. The company has 7 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹199.02 Cr and a paid-up capital of ₹99.5 Cr. It was formerly known as Gitanjali Lifestyle Products Private Limited. and Gitanjali Investments Private Limited. It is led by directors including Balaji Venugopal Bhat (Managing Director) and Palepu Sudhir Rao.
Its last annual general meeting (AGM) was held on 31 March 2011, and its latest financial statements are for the year ended 30 September 2010. The registered office is at No. 7 Plot No. 940 (Old 740) Gate No.11 Eshwari Industrial Estate Hulimavu, Bangalore, Karnataka, India – 560076.
As per MCA filings, the company has open charges of ₹77.53 Cr and satisfied charges of ₹54.76 Cr on record. Court records list 152 cases involving the company, including 36 filed by the company and 97 filed against it; 11 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹99.5 Cr; the latest was in March 2011.
Name History of Primus Retail Private Limited
Primus Retail has undergone 2 name changes throughout its history. The company was previously known as Gitanjali Lifestyle Products Private Limited., and Gitanjali Investments Private Limited. The current legal name is Primus Retail Private Limited.
| Company Name | Status |
|---|---|
| Primus Retail Private Limited | Current |
| Gitanjali Lifestyle Products Private Limited. | Previous |
| Gitanjali Investments Private Limited | Previous |
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- Social Media
- Registered AddressNo. 7 Plot No. 940 (Old 740) Gate No.11 Eshwari Industrial Estate Hulimavu, Bangalore, Karnataka, India – 560076
- IndustryFashion and Textile, Fashion Retail
- 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
- One PDF report, delivered after checkout
Financials of Primus Retail Private Limited FY 2010 filings available
Financial Statement Summary of Primus Retail Private Limited
| Metrics | FY 2009-10 |
|---|---|
| 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 | •••• |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | •••• |
| 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 of Primus Retail Private Limited
| Metrics | FY 2009-10 |
|---|---|
| Profitability | |
| EBITDA Margin | •••• |
| Net Profit Margin | •••• |
| 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 | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Primus Retail are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Primus Retail Private Limited
Primus Retail has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palepu Sudhir Rao Also directs: Indusage Capital Managers LLP, Indusage Seed Capital LLP, Celesta India Aif LLP and 5 more | Director | 04 Nov 2006 | 19 Years 11 Months | As last reported |
| Raju Mohandas Mahtaney | Additional Director | 12 Sep 2011 | 15 Years 1 Months | As last reported |
| Balaji Venugopal Bhat | Managing Director | 30 Sep 2005 | 21 Years 0 Months | As last reported |
Charges & Borrowings of Primus Retail Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2011 | Rodman Technologies Private Limited. | ₹3 Cr | Open |
| 27 Aug 2010 | Epsilon Ventures Private Limited | ₹8 Cr | Open |
| 24 Jun 2010 | Religare Finvest Limited | ₹3 Cr | Open |
| 18 Jan 2010 | Andhra Bank | ₹5 Cr | Open |
| 17 Dec 2009 | Allahabad Bank | ₹7.25 Cr | Open |
Total charge records: 12 View all charges
Deals & Funding of Primus Retail Private Limited
Primus Retail Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹99.5 Cr; the latest was in March 2011.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Primus Employees Stock Option Trust |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Growsafe Securities Private Limited, Aambind Private Limited Seller: Firefly Holdings Private Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: Primus Employees Stock Option Trust, an individual |
| May 2007 | Funding round · Series B | ₹65 Cr | Investors: K Mohan and Company (Exports) Private Limited , Ascent Capital Advisors India, 2 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Firefly Holdings Private Limited, Aambind Private Limited Seller: K Mohan and Company (Exports) Private Limited |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Primus Retail Private Limited
Primus Retail Private Limited has 152 court cases on record: 36 filed by Primus Retail, 97 filed against it, 19 where it is another party. 11 cases are pending and 141 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 84 | 72 | 9 |
| High courts | 68 | 25 | 2 |
Cases on record (5 of 152)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Acknit Industries Limited | Pending |
| District court, Calcutta, West Bengal | Court case (CN) | Filed against the company by Deoki Hosiery Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Acg Pharma Technologies Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed against the company by Studio 18 Media Private Limited | Pending |
| High Court of Karnataka | Court case (RP) | Filed by the company against Personality Limited | Disposed |
Full case history
All 152 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Primus Retail Private Limited
Employment history and EPFO contributions of people linked to Primus Retail.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Primus Retail Private Limited
Primus Retail Private Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: Raju Mohandas Mahtaney was appointed as Additional Director on 12 Sep 2011.
21 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Primus Retail Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Primus Retail Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Primus Retail Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Primus Retail Private Limited
Primus Retail has 7 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Primus Retail Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Primus Retail Private Limited
Primus 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.
Primus Retail is a company under liquidation, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 29 November 1995 and is registered under CIN U65999KA1995PTC019281. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Primus Retail has 3 current directors:
- Balaji Venugopal Bhat - Managing Director
- Palepu Sudhir Rao - Director
- Raju Mohandas Mahtaney - Additional Director
The CIN (Corporate Identification Number) of Primus Retail is U65999KA1995PTC019281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Primus Retail has open charges of ₹77.53 Cr and satisfied charges of ₹54.76 Cr as per latest MCA filings.
Primus Retail has 152 court cases on record: 36 filed by the company and 97 filed against it. 11 are pending. Most are in the district courts.
Primus Retail was incorporated on 29 November 1995. It is registered with the Registrar of Companies, Bangalore.
Primus Retail has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹99.5 Cr; the latest was in March 2011.
Raju Mohandas Mahtaney was appointed as Additional Director on 12 Sep 2011. Raju Mohandas Mahtaney ceased to be Director on 07 Sep 2011. Ajay Subhash Mittal ceased to be Nominee Director on 11 Apr 2011. Primus Retail has 8 board changes on record in total.
The registered office of Primus Retail is at No. 7 Plot No. 940 Old 740 Gate No.11 Eshwari Industrial Estate Hulimavu, Bangalore, Karnataka, India – 560076.