About Shapos Services Private Limited
Data last updated:
Shapos Services Private Limited is a private limited company based in Bangalore, Karnataka, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 13 May 2020.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74110KA2020PTC134121. Its GSTIN is 29ABDCS6598J1ZH (Karnataka). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹20.51 Lakh and a paid-up capital of ₹6.06 Lakh. It is led by directors including Ravindra Beleyur (Irp/Rp/Liquidator) and Mayank Tiwari.
Its last annual general meeting (AGM) was held on 14 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹415.66 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹58.62 Cr (net margin -14.1%) and EBITDA of -₹53.84 Cr (EBITDA margin -13%).
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: ReshaMandi and Reshamandi. As per MCA filings, the company has open charges of ₹285.26 Cr and satisfied charges of ₹69.5 Cr on record. Court records list 79 cases involving the company, including 52 filed by the company and 27 filed against it; 25 cases are pending. The company has 12 deals on record (7 funding rounds, 3 debt financings, 1 secondary share transfer), with disclosed funding of ₹534.55 Cr; the latest was in June 2023. Its 6 peer companies in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 5 smaller; the largest is Sandesh Yarn Trading Compnay Private Limited with revenue of ₹416.06 Cr.
The last known website on record is reshamandi.com.
Company details
CIN history
Shapos Services has one previous CIN (Corporate Identification Number): U72900KA2020PTC134121. The current CIN is U74110KA2020PTC134121, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110KA2020PTC134121 | Current |
| U72900KA2020PTC134121 | Previous |
Contact details
Shapos Services Private Limited's registered office is in Bangalore, Karnataka. Its website is reshamandi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address1207/343 9th Main 7th Sector Hsr Layout, India, Bangalore, Karnataka, India – 560102
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Shapos Services 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
Shapos Services operates two associated brands: ReshaMandi and Reshamandi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers a platform specializing in silk-based textiles and fabrics. | reshamandi.co | |
| Provider of digital supply chain management solution for sericulture farmers and silk reelers | reshamandi.com |
Business activity
The main business activity of Shapos Services is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Shapos Services Private Limited, buy the company report.
Financials of Shapos Services Private Limited
FY 2022 filings availableShapos Services Private Limited reported revenue of ₹415.66 Cr (up 1917% YoY) for FY 2022.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹415.66 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | -₹53.84 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹58.62 Cr | |
| 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 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -13% | |
| Net Profit Margin | -14.1% | |
| 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 | ||
To see the full financial statements and ratios of Shapos Services Private Limited, buy the company report.
Board of directors of Shapos Services Private Limited
Shapos Services has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Beleyur Also directs: Beleyur Resolutions Private Limited | Irp/Rp/Liquidator | 25 Oct 2024 | 2 Years 0 Months | As last reported |
| Mayank Tiwari | Director | 13 May 2020 | 6 Years 5 Months | As last reported |
| Saurabh Kumar Agarwal | Director | 01 Jun 2020 | 6 Years 4 Months | As last reported |
Peer comparison
Shapos Services Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sandesh Yarn Trading Compnay Private Limited | ₹416.06 Cr (FY 2025) | 15.0% | Indore, Madhya Pradesh, India | |||
| Shapos Services Private Limitedthis company | ₹415.66 Cr (FY 2022) | -₹58.62 Cr | -14.1% | 1917.0% | Bangalore, Karnataka, India | |
| Gopal Rayon Industries Private Limited | ₹413.15 Cr (FY 2025) | 13.0% | Surat, Gujarat, India | |||
| Shringar Synthetics Private Limited | ₹413.06 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Aadhidev Polytex Private Limited | ₹407.83 Cr (FY 2025) | -39.0% | Surat, Gujarat, India | |||
| Sharman Fibers Private Limited | ₹406.54 Cr (FY 2025) | 49.0% | Ludhiana, Punjab, India | |||
| Murugan Textiles Private Limited | ₹405.12 Cr (FY 2017) | -10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Shapos Services Private Limited, buy the company report.
Auditor
Shapos Services Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2022 | 001076N/N500013 |
Shareholding
The shareholding of Shapos Services Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shapos Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2023 | 100707201 | Others | ₹7 Cr | Open | |
| 23 Mar 2023 | 100699360 | State Bank of India | ₹4.75 Cr | Open | |
| 16 Jan 2023 | 100671692 | Others | ₹12.5 Cr | Open | |
| 13 Jan 2023 | 100670958 | Others | ₹10 Cr | Open | |
| 12 Jan 2023 | 100672858 | Others | ₹12 Cr | Open |
To see the full charge records of Shapos Services Private Limited, buy the company report.
Total charge records: 24 View all charges
Deals & funding
Shapos Services Private Limited has 12 deals on record (7 funding rounds, 3 debt financings, 1 secondary share transfer), with disclosed funding of ₹534.55 Cr; the latest was in June 2023.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Debt financing | ₹50.01 Cr | Investors: Stride Ventures |
| Mar 2022 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2022 | Funding round | ₹23.83 Cr | Investors: Creation Investments Social Ventures |
| Oct 2021 | Funding round · Series A | ₹158.76 Cr | Investors: Creation Investments Social Ventures, Z Nation Lab, 100Unicorns (9Unicorns) |
| May 2021 | Debt financing | ₹7.25 Cr | Investors: InnoVen Capital |
To see the full deal history of Shapos Services Private 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
Shapos Services Private Limited has 79 court cases on record: 52 filed by Shapos Services, 27 filed against it. 25 cases are pending and 54 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 76 | 25 | 25 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 79)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Northern Arc Capital Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Northern Arc Capital Limited Rep by Authorised Representative Kumaran C | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Metropolitan Media Company Ltd | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Incred Financial Services Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Blacksoil Capital Private Limited | Pending |
To see the full case history of Shapos Services Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shapos Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Shapos Services has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Shapos Farms Private Limited | U51909KA2022PTC159010 | |
| Reshamudra Finance Private Limited | U65990KA2022PTC158558 |
To see the full group structure of Shapos Services Private Limited, buy the company report.
GST
Shapos Services has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS6598J1ZH | Karnataka | Active | 02 Jun 2020 |
| 29ABDCS6598J2ZG | Karnataka | Active | 18 Oct 2022 |
| 33ABDCS6598J1ZS | Tamil Nadu | Active | 24 Jul 2021 |
| 07ABDCS6598J1ZN | Delhi | Active | 01 Aug 2021 |
To see the full GST registrations and return filing status of Shapos Services Private Limited, buy the company report.
Recent activity
Shapos Services Private Limited has 7 board changes on record since 2020: 3 appointments and 4 cessations. The latest: Ravindra Beleyur was appointed as Irp/Rp/Liquidator on 25 Oct 2024.
33 earlier events are in the company report.
News
Frequently asked questions
Shapos Services is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Shapos Services is a company under insolvency, formerly operating as a private limited company based in Bangalore, Karnataka, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 13 May 2020 and is registered under CIN U74110KA2020PTC134121. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Shapos Services has 3 current directors:
- Mayank Tiwari - Director
- Saurabh Kumar Agarwal - Director
- Ravindra Beleyur - Irp/Rp/Liquidator
The latest financial statements of Shapos Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 14 December 2022. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of Shapos Services is U74110KA2020PTC134121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shapos Services has open charges of ₹285.26 Cr and satisfied charges of ₹69.5 Cr as per latest MCA filings.
Shapos Services has 79 court cases on record: 52 filed by the company and 27 filed against it. 25 are pending. Most are in the district courts.
Shapos Services was incorporated on 13 May 2020. It is registered with the Registrar of Companies, Bangalore.
Shapos Services has 12 deals on record (7 funding rounds, 3 debt financings, 1 secondary share transfer), with disclosed funding of ₹534.55 Cr; the latest was in June 2023.
The peers of Shapos Services by revenue are Sandesh Yarn Trading Compnay Private Limited, Gopal Rayon Industries Private Limited, Shringar Synthetics Private Limited, Aadhidev Polytex Private Limited, Sharman Fibers Private Limited and 1 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Ravindra Beleyur was appointed as Irp/Rp/Liquidator on 25 Oct 2024. John Tyler Day ceased to be Nominee Director on 12 Sep 2023. Saurabh Kumar Agarwal ceased to be Additional Director on 31 Dec 2021. Shapos Services has 7 board changes on record in total.