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 The company has 1 GST registration on record, which is no longer active.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.
Company details
Contact details
Redmart India Private Limited's registered office is in Bangalore, Karnataka. Its website is redmart.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Redmart India 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
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Redmart India Private Limited, buy the company report.
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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Revenue | ₹6.2 Lakh | ||||
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| EBITDA | -₹86.15 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹81.44 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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To see the full financial statements and ratios of Redmart India Private Limited, buy 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
Redmart India Private Limited is audited by Sudit K. Parekh & Co. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sudit K. Parekh & Co. LLP | FY 2021 | 110512W/W100378 |
Shareholding
The shareholding of Redmart India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Redmart India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Redmart India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Redmart India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Redmart India Private Limited has a workforce of 62 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
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.
To see the full GST registrations and return filing status of Redmart India Private Limited, buy 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 in the company report.
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.