About Savis Retail Private Limited
Data last updated: 26 July 2025
Savis Retail Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Supermarket Grocery Supplies Private Limited and recognised as a startup by DPIIT. 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 specialises in industrial machinery retail and distribution, a part of the broader machinery and industrial equipment sector. Incorporated on 19 October 2016, the company has been in operation for over 10 years.
Registered with ROC Bangalore under CIN U74999KA2016PTC097228.
Capital: an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹7.56 Cr. It is led by directors including Menon Hari and Vipul Mahendra Parekh.
Last AGM: 07 June 2024. Financial statements filed for year ended 31 March 2024. Office: 1St Floor No.7/3 Old Madras Road Above Hdfc Bank C V Raman Nagar, Bangalore, Karnataka, India – 560093.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.37 Lakh, a decline of 94% compared to the previous year.
The company has a workforce of approximately 42 employees as per the latest available data. It operates as a subsidiary of Supermarket Grocery Supplies Private Limited.
The company is associated with 1 brand - Kwik24.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is kwik24.com.
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Registered Address1St Floor No.7/3 Old Madras Road Above Hdfc Bank C V Raman Nagar, Bangalore, Karnataka, India – 560093
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IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Savis Retail Private Limited
Savis Retail Private Limited operates one associated brand: Kwik24. These brands represent Savis Retail Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| IoT-enabled smart vending machines are provided for app-based food purchases. | kwik24.com |
Competitors & Alternatives of Savis Retail Private Limited
Brands and companies operating in the same space as Savis Retail Private Limited include Daalchini, Vendekin, NutriTap and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Daalchini
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Online platform offering smart vending machine retail solutions | Noida, India, India | 2017 |
Vendekin
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Cashless vending solutions are integrated for smart product dispensing. | Pune, India, India | 2015 |
NutriTap
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Smart vending machines for corporates are supplied by NutriTap. | Gurugram, India, India | 2018 |
Cherise Tapri
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Tea and coffee-making machines are provided via an online platform. | Mumbai, India, India | 2019 |
Vendiman
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Vendiman is recognized as a leading vending machine supplier in India. | Mumbai, India, India | 2013 |
Azgo
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IoT-powered snack vending machines for offices | Bengaluru, India, India | 2014 |
Grubox
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Fresh meals are accessed through app-enabled smart vending kiosks. | Gurugram, India, India | 2016 |
Frshly
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Vending machines dispensing prepared meals | Chennai, India, India | 2013 |
Niflr
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Omnichannel grocery retail is operated through self-checkout stores. | Bengaluru, India, India | 2017 |
Cherise
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Offers a direct-to-consumer brand of multi-category tea products and accessories. | Mumbai, India, India | 2018 |
Auditor Details of Savis Retail Private Limited
Savis Retail Private Limited is audited by B S R & Co. LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Savis Retail Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Savis Retail Private Limited
Savis Retail Private Limited is currently managed by 3 directors, with 7 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Menon Hari | Director | 31 Aug 2018 | 7 Years 11 Months | As last reported |
| Vipul Mahendra Parekh | Director | 31 Aug 2018 | 7 Years 11 Months | As last reported |
| Srilakshmi Purushotham | Irp/Rp/Liquidator | 23 Jul 2024 | 2 Years 0 Months | As last reported |
Financials of Savis Retail Private Limited FY 2024 filings available
Savis Retail Private Limited reported revenue of ₹1.37 Lakh (down 94.00% YoY) for FY 2024.
Ten-year financial statements for Savis Retail Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
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Ownership and Shareholding of Savis Retail Private Limited
Shareholding and ownership data for Savis Retail Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings Savis Retail Private Limited
Savis Retail Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Savis Retail Private Limited
Savis Retail Private Limited has a workforce of 42 employees as of Mar 26, 2025.
Employee and EPFO history for Savis Retail Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Savis Retail Private Limited
GST registrations and filing compliance for Savis Retail Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Savis Retail Private Limited
Credit ratings, litigation, and regulatory alerts for Savis Retail Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Savis Retail Private Limited
MSME payment history for Savis Retail Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Savis Retail Private Limited
Corporate group structure for Savis Retail Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Savis Retail Private Limited
MCA filings and documents for Savis Retail Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Savis Retail Private Limited
Recent News on Savis Retail Private Limited
Frequently Asked Questions about Savis Retail Private Limited
Savis Retail Private Limited 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.
Savis Retail Private Limited is a company under liquidation, formerly operating as a private limited company in the machinery and equipment sector based in Bangalore, Karnataka, India. It was incorporated on 19 October 2016 and is registered under CIN U74999KA2016PTC097228. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Savis Retail Private Limited reported revenue of ₹1.37 Lakh for FY 2024 (down 94.00% YoY).
The current directors of Savis Retail Private Limited are:
- Menon Hari - Director
- Vipul Mahendra Parekh - Director
- Srilakshmi Purushotham - Irp/Rp/Liquidator
The CIN (Corporate Identification Number) of Savis Retail Private Limited is U74999KA2016PTC097228. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The primary industry of Savis Retail Private Limited is machinery and equipment. The company specifically operates in industrial machinery retail and distribution.