About Ssipl Retail Limited
Data last updated:
Ssipl Retail Limited is a public limited company based in New Delhi, Delhi, India. It operates in the footwear manufacturing segment of the consumer goods sector. It was incorporated on 05 October 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1994PLC061971. Its GSTIN is 07AAACM2005L1ZS (Delhi). The company holds 23 GST registrations, of which 21 are active.
The company has an authorised share capital of ₹42.8 Cr and a paid-up capital of ₹10.03 Cr. It was formerly known as Ssipl Retail Private Limited and Moja Shoes Private Limited. It is led by directors including Rishab Soni (Managing Director) and Sunil Taneja (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Unit No.32, Second Floor Community Centre, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2025, the company reported a revenue of ₹451.5 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹4.16 Cr (net margin 0.9%) and EBITDA of ₹20.03 Cr (EBITDA margin 4.4%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 11% over five years.
The company has about 4,237 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: SSIPL. As per MCA filings, the company has open charges of ₹127.42 Cr and satisfied charges of ₹333.24 Cr on record. Court records list 84 cases involving the company, including 46 filed by the company and 38 filed against it; 18 cases are pending. The company has 77 deals on record (70 secondary share transfers, 7 funding rounds), with disclosed funding of ₹79.82 Cr; the latest was in February 2025. Its 3 peer companies in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 1 smaller; the largest is CS Trade Link Private Limited with revenue of ₹496.48 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ssiplgroup.com.
Company details
Name history
Ssipl Retail has undergone 3 name changes throughout its history. The company was previously known as Ssipl Retail Private Limited, Moja Shoes Private Limited, and Moja Shoes Pvt Ltd. The current legal name is Ssipl Retail Limited.
| Company Name | Status |
|---|---|
| Ssipl Retail Limited | Current |
| Ssipl Retail Private Limited | Previous |
| Moja Shoes Private Limited | Previous |
| Moja Shoes Pvt Ltd | Previous |
CIN history
Ssipl Retail has one previous CIN (Corporate Identification Number): U74899DL1994PTC061971. The current CIN is U74899DL1994PLC061971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1994PLC061971 | Current |
| U74899DL1994PTC061971 | Previous |
Contact details
Ssipl Retail Limited's registered office is in New Delhi, Delhi. Its website is ssiplgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No.32, Second Floor Community Centre, New Delhi, Delhi, India – 110025
- IndustryConsumer Goods, Footwear Manufacturing
To see the full contact details of Ssipl 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
Ssipl Retail operates one associated brand: SSIPL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| SSIPL is engaged in sportswear manufacturing, retail, and distribution. | ssiplgroup.com |
Business activity
The main business activities of Ssipl Retail are trade and manufacturing. In detail, this covers retail trading and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Ssipl Retail Limited, buy the company report.
Financials of Ssipl Retail Limited
FY 2023 filings availableSsipl Retail Limited reported revenue of ₹451.5 Cr (up 79% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 79% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA rose 212% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹20.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.16 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.4% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Ssipl Retail Limited, buy the company report.
Board of directors and KMP of Ssipl Retail Limited
Ssipl Retail Limited currently reports 6 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Munjal | Director | 26 Jun 2024 | 2 Years 4 Months | Current |
| Shilpi Jain Also directs: Ssipl Lifestyle Limited | Company Secretary | 20 Sep 2021 | 5 Years 1 Months | Current |
| Sunil Taneja | Whole-Time Director | 03 Oct 2005 | 21 Years 1 Months | Current |
| Rishab Soni Also directs: Dcyphr Lifestyle Designs Private Limited, Sail Rock Sporting Goods LLP, Sports Station Boutique Private Limited and 3 more | Managing Director | 25 Apr 2006 | 20 Years 6 Months | Current |
| Nikita Susan George | Director | 24 Mar 2017 | 9 Years 7 Months | Current |
| Amitabh Taneja Also directs: Irf Trusted Mark LLP, Images Living Roof LLP, Rah Capital Advisory Services LLP and 5 more | Director | 18 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Ssipl Retail Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| CS Trade Link Private Limited | ₹496.48 Cr (FY 2025) | 27.0% | Kolkata, West Bengal, India | |||
| Vero Moda Retail Private Limited | ₹479.56 Cr (FY 2025) | 99.0% | Mumbai, Maharashtra, India | |||
| Ssipl Retail Limitedthis company | ₹451.5 Cr (FY 2025) | ₹4.16 Cr | 0.9% | 79.0% | 4,237 | New Delhi, Delhi, India |
| Adi Sports (India) Private Limited | ₹428.09 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ssipl Retail Limited, buy the company report.
Auditor
Ssipl Retail Limited is audited by S.N. Dhawan & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2023 | 000050N/N500045 |
Shareholding
The shareholding of Ssipl Retail 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 Ssipl Retail Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Aug 2025 | 101142812 | Others | ₹10 Cr | Open | |
| 20 May 2025 | 101097026 | Others | ₹50 Cr | Open | |
| 18 Dec 2024 | 101043348 | Others | ₹55.92 Cr | Open | |
| 05 Jan 2021 | 100416905 | Hdfc Bank Limited | ₹11.5 Cr | Open | |
| 29 Feb 2024 | 100882573 | Axis Bank Limited | ₹6.12 Cr | Satisfied |
To see the full charge records of Ssipl Retail Limited, buy the company report.
Total charge records: 38 View all charges
Deals & funding
Ssipl Retail Limited has 77 deals on record (70 secondary share transfers, 7 funding rounds), with disclosed funding of ₹79.82 Cr; the latest was in February 2025.
Deals on record (5 of 77)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Secondary share transfer | Undisclosed | Buyer: Fashionera Retail Private Limited , an individual Seller: KNS Trading Pvt Ltd , TR Capital Group, 2 individuals |
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: KNS Trading Pvt Ltd Seller: Sunil Taneja(Huf), an individual |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: KNS Trading Pvt Ltd Seller: an individual |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: KNS Trading Pvt Ltd , an individual Seller: Oman India Joint Investment Fund |
| Sep 2024 | Secondary share transfer | Undisclosed | Buyer: Fashionera Retail Private Limited Seller: TR Capital Group |
To see the full deal history of Ssipl Retail 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
Ssipl Retail Limited has 84 court cases on record: 46 filed by Ssipl Retail, 38 filed against it. 18 cases are pending and 66 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 57 | 26 | 12 |
| High courts | 24 | 11 | 4 |
| Supreme Court | 3 | 1 | 2 |
Cases on record (5 of 84)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Vama Apparels (India) Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Vama Apparels (India) Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Vama Motors Pvt.Ltd. and Anr. | Pending |
| High Court | Civil suit | Filed against the company by Abheya Realtors Private Limited S. Kakrania & Co. | Pending |
| High Court | Court case (APOT) | Filed by the company against Abheya Realtors Private Limited and Anr | Disposed |
To see the full case history of Ssipl 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.
Credit ratings & regulatory alerts
Ssipl Retail Limited was last rated by Care on 15 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Jul 2022 |
To see the full credit ratings and regulatory alerts of Ssipl Retail Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ssipl Retail Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ssipl Retail has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ssipl Lifestyle Private Limited | U85190DL2007PTC166053 |
To see the full group structure of Ssipl Retail Limited, buy the company report.
Employees & EPFO
Ssipl Retail Limited has a workforce of 4,237 employees on its EPFO records as of Apr 06, 2024, across 3 active EPFO establishments.
GST
Ssipl Retail has 23 GST registrations: 21 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACM2005L1ZS | Delhi | Active | 01 Jul 2017 |
| 02AAACM2005L2Z1 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACM2005L1Z0 | Punjab | Active | 01 Jul 2017 |
| 04AAACM2005L1ZY | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ssipl Retail Limited, buy the company report.
Recent activity
Ssipl Retail Limited has 31 board changes on record since 2005: 7 appointments and 24 cessations. The latest: Himmaj Soni was appointed as Director on 14 Feb 2025.
114 earlier events are in the company report.
News
Frequently asked questions
Ssipl Retail is an active public limited company based in New Delhi, Delhi, India. The company works in footwear manufacturing, within the consumer goods industry. It was incorporated on 05 October 1994 (32+ years old) and is registered under CIN U74899DL1994PLC061971.
Ssipl Retail has 7 current directors and KMP:
- Rishab Soni - Managing Director
- Sunil Taneja - Whole-Time Director
- Gaurav Munjal - Director
- Nikita Susan George - Director
- Amitabh Taneja - Director
- Himmaj Soni - Director
- Shilpi Jain - Company Secretary
The latest financial statements of Ssipl Retail on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Ssipl Retail is 07AAACM2005L1ZS, registered in Delhi. The company has 23 GST registrations in all, of which 21 are active and 2 are cancelled or inactive. Other active GSTINs include 02AAACM2005L2Z1 (Himachal Pradesh), 03AAACM2005L1Z0 (Punjab), 04AAACM2005L1ZY (Chandigarh).
The CIN (Corporate Identification Number) of Ssipl Retail is U74899DL1994PLC061971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ssipl Retail has 84 court cases on record: 46 filed by the company and 38 filed against it. 18 are pending. Most are in the district courts.
Ssipl Retail was incorporated on 05 October 1994, making it 32+ years old. It is registered with the Registrar of Companies, Delhi.
Ssipl Retail has 77 deals on record (70 secondary share transfers, 7 funding rounds), with disclosed funding of ₹79.82 Cr; the latest was in February 2025.
The peers of Ssipl Retail by revenue are CS Trade Link Private Limited, Vero Moda Retail Private Limited, Adi Sports (India) Private Limited, all in the Apparel industry (Apparel Retail and Distribution, Footwear Retail and Distribution), with the same principal business activity (retail trading).
Himmaj Soni was appointed as Director on 14 Feb 2025. Gaurav Munjal ceased to be Additional Director on 29 Sep 2024. Frederic Jean Emmanuel Azemard ceased to be Nominee Director on 04 Sep 2024. Ssipl Retail has 31 board changes on record in total.
Ssipl Retail can be reached through the website ssiplgroup.com. Its registered office is in New Delhi, Delhi, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
