About Spencer' S Retail Limited
Data last updated:
Spencer' S Retail Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Cesc Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hypermarkets and large retail chains segment of the consumer services sector. It was incorporated on 22 November 2000.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U51229WB2000PLC154278. Its GSTIN is 20AABCG3443R1ZL (Jharkhand). The company held 10 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,362.4 Cr. It was led by directors including Arvind Kumar Vats (Whole-Time Director) and Santanu Bhattacharya.
Its last annual general meeting (AGM) was held on 27 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 31 Netaji Subhas Road 1st Floor Duncan House, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2017, the company reported a revenue of ₹2,037.77 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net loss of ₹140.89 Cr (net margin -6.9%) and EBITDA of -₹45.91 Cr (EBITDA margin -2.3%).
The company had about 3,580 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 8 subsidiaries.
The company was associated with 2 brands: Spencersretail and Spencer's. As per MCA filings, the company had satisfied charges of ₹405.83 Cr on record. Court records list 32 cases involving the company, including 19 filed by the company and 13 filed against it; 6 cases are pending.
The last known website on record is spencersretail.com.
Company details
CIN history
Spencer' S Retail has one previous CIN (Corporate Identification Number): U51229TN2000PLC046165. The current CIN is U51229WB2000PLC154278, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51229WB2000PLC154278 | Current |
| U51229TN2000PLC046165 | Previous |
Contact details
Spencer' S Retail Limited's registered office is in Kolkata, West Bengal. Its website is spencersretail.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address31 Netaji Subhas Road 1st Floor Duncan House, Kolkata, West Bengal, India – 700001
- IndustryConsumer Services, Hypermarkets & Large Retail Chains
To see the full contact details of Spencer' S Retail 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
Spencer' S Retail operates two associated brands: Spencersretail and Spencer's. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Quick delivery service for groceries and essentials is provided. | spencers.in | |
| Retailer of consumer goods | spencersretail.in |
Business activity
The main business activity of Spencer' S 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 Spencer' S Retail Limited, buy the company report.
Financials of Spencer' S Retail Limited
FY 2017 filings availableSpencer' S Retail Limited reported revenue of ₹2,037.77 Cr (up 12% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 12% in the latest year. EBITDA rose 34% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹45.91 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹140.89 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -2.3% | ||
| Net Profit Margin | -6.9% | ||
| 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 Spencer' S Retail Limited, buy the company report.
Board of directors of Spencer' S Retail Limited
Spencer' S Retail has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arvind Kumar Vats | Whole-Time Director | 01 Jul 2017 | 9 Years 3 Months | As last reported |
| Santanu Bhattacharya Also directs: Digidrive Distributors Limited, Landis Gyr Limited | Director | 31 Mar 2017 | 9 Years 6 Months | As last reported |
| Bhanwar Lal Chandak Also directs: Naga Dhunseri Group Ltd. | Director | 17 Feb 2012 | 14 Years 8 Months | As last reported |
| Gargi Chatterjea Also directs: Noida Power Company Limited, Kota Electricity Distribution Limited, Bikaner Electricity Supply Limited and 1 more | Director | 05 Aug 2016 | 10 Years 2 Months | As last reported |
| Khalil Ahmad Siddiqi | Director | 26 Mar 2015 | 11 Years 7 Months | As last reported |
| Rajendra Jha | Director | 18 Apr 2007 | 19 Years 6 Months | As last reported |
Peer comparison
Spencer' S Retail Limited is compared with the 6 companies closest to it by revenue in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| V-Mart Retail Limited | ₹3,265.98 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Delhi Duty Free Services Private Limited | ₹2,209.4 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Spencer's Retail Limited | ₹2,098.72 Cr (FY 2025) | -11.0% | Kolkata, West Bengal, India | |||
| Spencer' S Retail Limitedthis company | ₹2,037.77 Cr (FY 2017) | -₹140.89 Cr | -6.9% | 12.0% | 3,580 | Kolkata, West Bengal, India |
| Mumbai Travel Retail Limited | ₹1,473.18 Cr (FY 2025) | 20.0% | Ahmedabad, Gujarat, India | |||
| Flemingo Dutyfree Shop Private Limited | ₹1,471.78 Cr (FY 2024) | 11.0% | Navi Mumbai, Maharashtra, India | |||
| Baazar Style Retail Limited | ₹1,352.69 Cr (FY 2025) | 38.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Spencer' S Retail Limited, buy the company report.
Auditor
Spencer' S Retail Limited is audited by S.R.Batliboi & Co. LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Co. LLP | FY 2017 | 301003E/E3 |
Shareholding
The shareholding of Spencer' S Retail Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Spencer' S Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2016 | 10626246 | Icici Bank Limited | ₹75 Cr | Satisfied | |
| 19 Nov 2012 | 10386582 | Icici Bank Limited | ₹150 Cr | Satisfied | |
| 21 Jun 2011 | 10301463 | Icici Bank Limited | ₹75 Cr | Satisfied | |
| 04 Dec 2006 | 10032629 | Icici Bank Limited | ₹75 Cr | Satisfied | |
| 08 Sep 2004 | 80050605 | Kotak Mahindra Bank Limited | ₹13.83 Cr | Satisfied |
To see the full charge records of Spencer' S Retail Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Spencer' S Retail Limited has 32 court cases on record: 19 filed by Spencer' S Retail, 13 filed against it. 6 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 8 | 0 |
| District courts | 13 | 5 | 6 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ms. VR Eco Properties Pvt.Ltd. | Disposed |
| District court, Central, Delhi | Civil suit | Filed by the company against Ms Charming Apparels Pvt Ltd and 1 other | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by Savitri Leasing & Finance Ltd. | Disposed |
| District court, Gurugram, Haryana | Court case (SUMM) | Filed against the company by State of Haryana | Pending |
| District court, Visakapatnam, Andhra Pradesh | Civil suit | Filed by the company against individuals | Pending |
To see the full case history of Spencer' S Retail 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 Spencer' S Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Spencer' S Retail has 8 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Au Bon Pain Cafe India Limited | U15411WB2008PLC124062 | |
| Au Bon Pain Cafe India Limited | U15411WB2008PLC124062 | |
| Music World Retail Limited | U15411WB2008PLC124063 | |
| Music World Retail Limited | U15411WB2008PLC124063 | |
| Guiltfree Industries Limited | U15549WB2017PLC218864 | |
| Guiltfree Industries Limited | U15549WB2017PLC218864 |
To see the full group structure of Spencer' S Retail Limited, buy the company report.
Employees & EPFO
Spencer' S Retail Limited has a workforce of 3,580 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Spencer' S Retail has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCG3443R1ZL | Jharkhand | Active | 01 Jul 2017 |
| 24AABCG3443R1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spencer' S Retail Limited, buy the company report.
Recent activity
Spencer' S Retail Limited has 23 board changes on record since 2007: 7 appointments and 16 cessations. The latest: Gargi Chatterjea ceased to be Additional Director on 27 Jul 2017.
26 earlier events are in the company report.
News
Frequently asked questions
Spencer' S Retail has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Spencer' S Retail was a public limited company based in Kolkata, West Bengal, India. The company worked in hypermarkets and large retail chains, within the consumer services industry. It was incorporated on 22 November 2000 and is registered under CIN U51229WB2000PLC154278. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Spencer' S Retail was incorporated on 22 November 2000. It is registered with the Registrar of Companies, Kolkata.
Spencer' S Retail had 7 directors:
- Arvind Kumar Vats - Whole-Time Director
- Santanu Bhattacharya - Director
- Bhanwar Lal Chandak - Director
- Gargi Chatterjea - Director
- Khalil Ahmad Siddiqi - Director
- Rajendra Jha - Director
- Subhasis Mitra - Director
The CIN (Corporate Identification Number) of Spencer' S Retail is U51229WB2000PLC154278. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Spencer' S Retail is at 31 Netaji Subhas Road 1st Floor Duncan House, Kolkata, West Bengal, India – 700001.
Spencer' S Retail can be reached through the website spencersretail.com. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Spencer' S Retail on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 27 July 2017. Year-wise statements from 2015 are in the company report.
The GSTIN of Spencer' S Retail is 20AABCG3443R1ZL, registered in Jharkhand. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 24AABCG3443R1ZD (Gujarat).
Spencer' S Retail operated in the consumer services industry, in the hypermarkets and large retail chains segment.
The peers of Spencer' S Retail by revenue are V-Mart Retail Limited, Delhi Duty Free Services Private Limited, Spencer's Retail Limited, Mumbai Travel Retail Limited, Flemingo Dutyfree Shop Private Limited and 1 more, all in the Consumer Services industry (Hypermarkets), with the same principal business activity (retail trading).