India's Richest People 2026 edition · 1 director · Source: Hurun India
- #278 SD Shibulal & family ₹13,700 Cr
Revenue · FY 2024
₹31.15 Cr
▲ 29% YoY
Net loss · FY 2024
₹21.29 Cr
Net margin -68.4%
EBITDA · FY 2024
-₹20.16 Cr
EBITDA margin -64.7%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Employees · EPFO
227
Provident fund records
Directors on board
4
As per MCA filings
About Sowparnika Retail Private Limited
Data last updated:
Sowparnika Retail Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 25 August 2014 and has been in existence for over 12 years.
Its director SD Shibulal and family are #278 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52590KA2014PTC076005. Its GSTIN is 29AAUCS8751R1ZV (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sowparnika Organic World Retail Private Limited. It is led by directors including Pravin Udhyavara Bhadya Rao and Sarojini Shibulal Damodaran.
Its last annual general meeting (AGM) was held on 13 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 58 15th Cross 2nd Phase Jp Nagar, Bangalore, Karnataka, India – 560078.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.15 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net loss of ₹21.29 Cr (net margin -68.4%) and EBITDA of -₹20.16 Cr (EBITDA margin -64.7%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 53% over five years.
The company has about 227 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Happy Harvest Farms and The Organic World. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theorganicworld.com.
Company details
CIN U52590KA2014PTC076005
Registration Number 076005
Incorporation Date 25 August 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 13 August 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Key People
Pravin Udhyavara Bhadya Rao Director Sarojini Shibulal Damodaran Director Jamshed Soli Daboo Director Recognitions & Rankings of Sowparnika Retail
Contact details
Sowparnika Retail Private Limited's registered office is in Bangalore, Karnataka. Its website is theorganicworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address58 15th Cross 2nd Phase Jp Nagar, Bangalore, Karnataka, India – 560078
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Sowparnika Retail Private Limited, buy the company report.
Comprehensive company report
Sowparnika Retail Private Limited - one report that includes everything
- 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
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Brands
Sowparnika Retail operates two associated brands: Happy Harvest Farms and The Organic World. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an app-based platform for direct farm-to-home grocery delivery services. | happyharvestfarms.com | |
| Retailer of organic fruits, vegetables, and groceries | theorganicworld.com |
Business activity
The main business activity of Sowparnika 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 Sowparnika Retail Private Limited, buy the company report.
Financials of Sowparnika Retail Private Limited
FY 2024 filings availableSowparnika Retail Private Limited reported revenue of ₹31.15 Cr (up 29% YoY) for FY 2024.
Revenue · FY 2024
₹31.15 Cr ▲ 29%
Net loss · FY 2024
₹21.29 Cr margin -68.4%
EBITDA · FY 2024
-₹20.16 Cr margin -64.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 25%
5 years · compounded
▲ 53%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 37%
5 years · compounded
▼ 44%
Revenue has grown at a compounded annual rate (CAGR) of 53% over five years, including 29% growth in the latest year. EBITDA fell 11% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹20.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.29 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -64.7% | ||||
| Net Profit Margin | -68.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Sowparnika Retail Private Limited, buy the company report.
Board of directors of Sowparnika Retail Private Limited
Sowparnika Retail has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Udhyavara Bhadya Rao Also directs: Cohance Lifesciences Limited, Computer Age Management Services Limited, Zensar Technologies Limited and 2 more | Director | 28 May 2024 | 2 Years 5 Months | Current |
| Sarojini Shibulal Damodaran Also directs: Nimida Digital LLP, Sowparnika Integrated Farms Private Limited, Banyan Tree Farms Private Limited and 5 more | Director | 04 Oct 2014 | 12 Years 0 Months | Current |
| Jamshed Soli Daboo Also directs: The Wodehouse Gymkhana Limited | Director | 28 May 2024 | 2 Years 5 Months | Current |
| Gaurav Manchanda Also directs: Nimida Digital LLP, Sowparnika Integrated Farms Private Limited, Banyan Tree Farms Private Limited and 5 more | Director | 19 Nov 2015 | 10 Years 11 Months | Current |
Auditor
Sowparnika Retail Private Limited is audited by RAJENDRA RAO & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJENDRA RAO & ASSOCIATES | FY 2023 | 022941 |
Shareholding
The shareholding of Sowparnika Retail Private 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 Sowparnika Retail Private Limited, buy the company report.
Legal cases
Sowparnika Retail Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Sowparnika Retail 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
Sowparnika Retail Private Limited has 22 MSME Form 1 returns on record between 2019 and 2024, listing 1,994 overdue payments to 296 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 296)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Health On Plants Private Limited | |||
| Minus30 Private Limited | |||
| Artisan Grown Organics Private Limited | |||
| A&S Solutions | |||
| Vegolution India Private Limited |
To see the full MSME payment records of Sowparnika Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sowparnika Retail Private Limited has a workforce of 227 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
227
Active EPFO establishments
1
Employee growth
24.04%
GST
Sowparnika Retail has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAUCS8751R1ZV | Karnataka | Active | 01 Jul 2017 |
| 36AAUCS8751R1Z0 | Telangana | Active | 28 Aug 2024 |
To see the full GST registrations and return filing status of Sowparnika Retail Private Limited, buy the company report.
Recent activity
Sowparnika Retail Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Jamshed Soli Daboo ceased to be Additional Director on 12 Aug 2024.
AGM
Sowparnika Retail Private Limited last Annual general meeting of members was held on 13 Aug 2024 as per latest MCA records.
Ceased
Jamshed Soli Daboo ceased to be Additional Director.
Ceased
Pravin Udhyavara Bhadya Rao ceased to be Additional Director.
Appointed
Jamshed Soli Daboo was appointed as Director.
Appointed
Pravin Udhyavara Bhadya Rao was appointed as Director.
Filing
Sowparnika Retail Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Shruti Shibulal ceased to be Alternate Director.
Ceased
Gaurav Manchanda ceased to be Additional Director.
Appointed
Gaurav Manchanda was appointed as Director.
Ceased
Senthil Kumar N ceased to be Director.
Ceased
Rajendra Rao ceased to be Director.
Appointed
Sarojini Shibulal Damodaran was appointed as Director.
1 earlier event is in the company report.
News
Frequently asked questions
Sowparnika Retail is an active private limited company based in Bangalore, Karnataka, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 25 August 2014 (12+ years old) and is registered under CIN U52590KA2014PTC076005.
Sowparnika Retail has 4 current directors:
- Pravin Udhyavara Bhadya Rao - Director
- Sarojini Shibulal Damodaran - Director
- Jamshed Soli Daboo - Director
- Gaurav Manchanda - Director
The latest financial statements of Sowparnika Retail on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 13 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sowparnika Retail is 29AAUCS8751R1ZV, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAUCS8751R1Z0 (Telangana).
The CIN (Corporate Identification Number) of Sowparnika Retail is U52590KA2014PTC076005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sowparnika Retail has 2 court cases on record: 2 filed against it. 1 is pending.
Sowparnika Retail was incorporated on 25 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Jamshed Soli Daboo ceased to be Additional Director on 12 Aug 2024. Pravin Udhyavara Bhadya Rao ceased to be Additional Director on 12 Aug 2024. Jamshed Soli Daboo was appointed as Director on 28 May 2024. Sowparnika Retail has 10 board changes on record in total.
Sowparnika Retail has 22 MSME Form 1 returns on record between 2019 and 2024, listing 1,994 overdue payments to 296 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Sowparnika Retail can be reached through the website theorganicworld.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sowparnika Retail is at 58 15th Cross 2nd Phase Jp Nagar, Bangalore, Karnataka, India – 560078.
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