About QRS Retail Limited
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QRS Retail Limited is a public limited company based in Thiruvananthapuram, Kerala, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 03 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U52334KL2006PLC019890. Its GSTIN is 32AAACQ1665J1ZJ (Kerala).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.38 Cr. It is led by directors including Gauthaman Kanthimathi (Whole-Time Director) and Shenbagamurthy Gauthaman (Whole-Time Director).
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 Tc.25/2424 2nd Floor Raymond Buildings M.G Road, Thiruvananthapuram, Kerala, India – 695001.
As per the financials filed for FY 2025, the company reported a revenue of ₹336.46 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹17.99 Lakh (net margin 0.1%) and EBITDA of ₹12.78 Cr (EBITDA margin 3.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 582 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹85.46 Cr and satisfied charges of ₹135.98 Cr on record. Court records list 25 cases involving the company, including 19 filed by the company and 6 filed against it; 5 cases are pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹14.46 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website qrs.in.
Company details
Contact details
QRS Retail Limited's registered office is in Thiruvananthapuram, Kerala. Its website is qrs.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressTc.25/2424 2nd Floor Raymond Buildings M.G Road, Thiruvananthapuram, Kerala, India – 695001
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of QRS 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
Business activity
The main business activity of QRS 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 QRS Retail Limited, buy the company report.
Financials of QRS Retail Limited
FY 2025 filings availableQRS Retail Limited reported revenue of ₹336.46 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 11% fall in the latest year. EBITDA fell 13% 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 | ₹336.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.99 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| 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 | 3.8% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Quick Ratio | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of QRS Retail Limited, buy the company report.
Board of directors of QRS Retail Limited
QRS Retail has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gauthaman Kanthimathi | Whole-Time Director | 20 Jul 2015 | 11 Years 3 Months | Current |
| Shenbagamurthy Gauthaman Also directs: Lilly Whites Garments Private Limited, QRS Builders Limited, QRS Marketing Private Limited and 1 more | Whole-Time Director | 03 Oct 2006 | 20 Years 0 Months | Current |
| Muralidharan Shunmugam Also directs: Hef Food Products Private Limited, Lilly Whites Garments Private Limited, Omvrm Technologies Private Limited and 3 more | Whole-Time Director | 03 Oct 2006 | 20 Years 0 Months | Current |
| Jayanth Giridharan Also directs: Istara Retail LLP | Director | 01 Apr 2009 | 17 Years 6 Months | Current |
| Ajith Raghavan Also directs: QRS Marketing Private Limited | Director | 01 Apr 2009 | 17 Years 6 Months | Current |
Auditor
QRS Retail Limited is audited by V.SUNODKUMAR AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.SUNODKUMAR AND ASSOCIATES | FY 2023 | 009190S |
Shareholding
The shareholding of QRS Retail Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of QRS Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2026 | 101329962 | The South Indian Bank Limited | ₹2.8 Cr | Open | |
| 06 May 2024 | 100926888 | Others | ₹2 Cr | Open | |
| 06 Oct 2022 | 100619698 | The South Indian Bank Limited | ₹2.5 Lakh | Open | |
| 19 Aug 2022 | 100642086 | Hdfc Bank Limited | ₹8 Cr | Open | |
| 19 Jul 2022 | 100603896 | State Bank of India | ₹6 Cr | Open |
To see the full charge records of QRS Retail Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
QRS Retail Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹14.46 Cr; the latest was in March 2023.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2020 | Funding round | ₹5 Cr | Investors: 2 individuals |
| Mar 2011 | Funding round | ₹1.49 Cr | Investors: 4 individuals |
| Mar 2009 | Funding round | ₹4.95 Cr | Investors: QRS Marketing Private Limited , 3 individuals |
To see the full deal history of QRS Retail 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
QRS Retail Limited has 25 court cases on record: 19 filed by QRS Retail, 6 filed against it. 5 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 3 | 2 |
| District courts | 12 | 3 | 3 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed against the company by The New India Assurance Company Limited | Pending |
| District court, Thiruvananthapuram, Kerala | Execution petition | Filed by the company against The New India Assurance Company Ltd. | Disposed |
| High Court | Writ petition | Filed by the company against Goods & Services Tax Network, and 10 others | Disposed |
| District court, Kottayam, Kerala | Criminal case | Filed by the company against Cynosure Electric Company Pvt. Ltd | Disposed |
| District court, Kottayam, Kerala | Appeal | Filed against the company | Pending |
To see the full case history of QRS 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.
Credit ratings & regulatory alerts
QRS Retail Limited was last rated by Care on 16 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 16 Feb 2026 |
To see the full credit ratings and regulatory alerts of QRS Retail Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for QRS Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
QRS Retail Limited has a workforce of 582 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
QRS Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACQ1665J1ZJ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of QRS Retail Limited, buy the company report.
Recent activity
QRS Retail Limited has 11 board changes on record since 2006: 5 appointments and 6 cessations. The latest: Giridharan Sujay ceased to be Director on 30 Jun 2023.
64 earlier events are in the company report.
Frequently asked questions
QRS Retail is an active public limited company based in Thiruvananthapuram, Kerala, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 03 October 2006 (20+ years old) and is registered under CIN U52334KL2006PLC019890.
QRS Retail has 5 current directors:
- Gauthaman Kanthimathi - Whole-Time Director
- Shenbagamurthy Gauthaman - Whole-Time Director
- Muralidharan Shunmugam - Whole-Time Director
- Jayanth Giridharan - Director
- Ajith Raghavan - Director
The latest financial statements of QRS 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 QRS Retail is 32AAACQ1665J1ZJ, registered in Kerala.
The CIN (Corporate Identification Number) of QRS Retail is U52334KL2006PLC019890. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
QRS Retail has 25 court cases on record: 19 filed by the company and 6 filed against it. 5 are pending. Most are in the high courts.
QRS Retail was incorporated on 03 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ernakulam.
QRS Retail has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹14.46 Cr; the latest was in March 2023.
Giridharan Sujay ceased to be Director on 30 Jun 2023. Gauthaman Kanthimathi ceased to be Additional Director on 30 Sep 2015. Gauthaman Kanthimathi was appointed as Whole-Time Director on 20 Jul 2015. QRS Retail has 11 board changes on record in total.
QRS Retail can be reached through the website qrs.in. Its registered office is in Thiruvananthapuram, Kerala, India.
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