About Redmart India Private Limited
Data last updated:
Redmart India Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Redmart Limited. 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 general e-commerce platforms segment of the e-commerce sector. It was incorporated on 04 July 2014.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014FTC075208. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1.44 Lakh. It is led by directors including Vadiraja Srinivasa Murthy Peddapalli and Chun Ming Li.
Its last annual general meeting (AGM) was held on 15 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2021, the company reported a revenue of ₹6.2 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹81.44 Lakh and EBITDA of -₹86.15 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 63% over five years.
The company has about 62 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: RedMart.
The last known website on record is redmart.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3rd Floor No 1139 Maruthi Complex 3rd Stage Beml Layout Rajarajeshwarinagar Halagevader, Ahally, Bangalore, Karnataka, India – 560098
- IndustryE-Commerce, General E-Commerce Platforms
- 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
Associated Brands
Redmart India operates one associated brand: RedMart. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online grocery delivery services are operated in Singapore. | redmart.com |
Business Activity
The main business activity of Redmart India is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Redmart India Private Limited
FY 2021 filings availableRedmart India Private Limited reported revenue of ₹6.2 Lakh (down 100% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years. 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹6.2 Lakh | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹86.15 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹81.44 Lakh | |
| 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 2020-21 | FY 2016-17 to FY 2019-20in the company report |
|---|---|---|
| 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, and every line for FY 2016-17 to FY 2019-20, 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 Redmart India are in the company report.
: available in the company report
Board of Directors of Redmart India Private Limited
Redmart India has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vadiraja Srinivasa Murthy Peddapalli | Director | 11 Mar 2020 | 6 Years 7 Months | As last reported |
| Chun Ming Li | Director | 26 Aug 2019 | 7 Years 1 Months | As last reported |
| Rohan Ghosh Roy Also directs: Hooot Technologies Private Limited | Director | 11 Mar 2020 | 6 Years 7 Months | As last reported |
Auditor Details
Redmart India Private Limited is audited by Sudit K. Parekh & Co. LLP for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sudit K. Parekh & Co. LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Redmart India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Redmart India Private Limited has a workforce of 62 employees as of Apr 08, 2024.
: available in the company report
Recent Activity
Redmart India Private Limited has 10 board changes on record since 2017: 3 appointments and 7 cessations. The latest: Rohan Ghosh Roy ceased to be Additional Director on 31 Dec 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Redmart India has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Redmart India 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.
Redmart India is a company under liquidation, formerly operating as a foreign private limited company based in Bangalore, Karnataka, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 04 July 2014 and is registered under CIN U74900KA2014FTC075208. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Redmart India has 3 current directors:
- Vadiraja Srinivasa Murthy Peddapalli - Director
- Chun Ming Li - Director
- Rohan Ghosh Roy - Director
The latest financial statements of Redmart India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 15 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Redmart India is U74900KA2014FTC075208. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Redmart India was incorporated on 04 July 2014. It is registered with the Registrar of Companies, Bangalore.
Rohan Ghosh Roy ceased to be Additional Director on 31 Dec 2020. Vadiraja Srinivasa Murthy Peddapalli ceased to be Additional Director on 31 Dec 2020. Sanjeev Laxman Bijapur ceased to be Whole-Time Director on 31 Mar 2020. Redmart India has 10 board changes on record in total.
Redmart India can be reached through the website redmart.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Redmart India is at 3rd Floor No 1139 Maruthi Complex 3rd Stage Beml Layout Rajarajeshwarinagar Halagevader, Ahally, Bangalore, Karnataka, India – 560098.
No. Redmart India has 1 GST registration on record and it is cancelled or inactive.