Teesta Retail Private Limited
About Teesta Retail Private Limited
Data last updated:
Teesta Retail Private Limited was a private limited company based in Ahmedabad, Gujarat, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 03 December 2007.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51101GJ2007PTC134411. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹23.85 Cr and a paid-up capital of ₹1 Lakh. It was led by directors Tapas Mitra and Hariharan Mahadevan.
Its last annual general meeting (AGM) was held on 29 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 606 Capstone Kalgi Cross Road Near Parimal Garden Ellisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2022, the company reported a revenue of ₹302.58 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹232.21 Cr (net margin -76.7%) and EBITDA of -₹36.06 Cr (EBITDA margin -11.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
Court records list 13 cases involving the company, including 11 filed by the company and 2 filed against it; 6 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹961.45 Cr; the latest was in March 2020.
Company details
CIN history
Teesta Retail has one previous CIN (Corporate Identification Number): U51101MH2007PTC176420. The current CIN is U51101GJ2007PTC134411, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51101GJ2007PTC134411 | Current |
| U51101MH2007PTC176420 | Previous |
Contact details
Teesta Retail Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address606 Capstone Kalgi Cross Road Near Parimal Garden Ellisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Teesta Retail 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
Financials of Teesta Retail Private Limited
FY 2022 filings availableTeesta Retail Private Limited reported revenue of ₹302.58 Cr (down 72% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 72% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 11%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹302.58 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹36.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹232.21 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 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -11.9% | ||||
| Net Profit Margin | -76.7% | ||||
| 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 Teesta Retail Private Limited, buy the company report.
Board of directors of Teesta Retail Private Limited
Teesta Retail has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tapas Mitra Also directs: Ganesha Avaneesh Commercials LLP, Qwik Supply Chain Private Limited, Sukhabhavaya Estate Private Limited and 3 more | Director | 30 Aug 2021 | 5 Years 1 Months | As last reported |
| Hariharan Mahadevan Also directs: Navi Mumbai Iia Private Limited | Director | 30 Nov 2017 | 8 Years 10 Months | As last reported |
Auditor
Teesta Retail Private Limited is audited by Pathak H.D. & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H.D. & Associates LLP | FY 2022 | 107783W/W100593 |
Shareholding
The shareholding of Teesta Retail Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Teesta Retail Private Limited, buy the company report.
Deals & funding
Teesta Retail Private Limited has 8 deals on record (5 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹961.45 Cr; the latest was in March 2020.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Reliance Strategic Business Ventures Limited Seller: Reliance Industrial Investments and Holdings Limited |
| Jan 2019 | Debt financing | ₹30 Cr | Investors: Reliance World Trade Pvt Ltd |
| Mar 2017 | Funding round | ₹465.75 Cr | Investors: Reliance Industrial Investments and Holdings Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Chander Commercials Private Limited , Jaipur Enclave Private Limited , Anagh Commercials Private Limited Seller: Shinano Retail Private Limited , Ojasvi Trading Private Limited , Reliance Industrial Investments and Holdings Limited |
| Feb 2016 | Debt financing | ₹465.7 Cr | Investors: Reliance Industrial Investments and Holdings Limited |
To see the full deal history of Teesta Retail 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
Teesta Retail Private Limited has 13 court cases on record: 11 filed by Teesta Retail, 2 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 2 | 6 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMEX) | Filed by the company against Nirmal Lifestyle Ltd. and 2 Ors. and 1 other | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Nirmal Lifestyle Limited and 1 other | Pending |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Nirmal Lifestyle Limited and 2 Ors and 2 others | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Nirmal Lifestyle Ltd. and 2 Others and 1 other | Disposed |
| Bombay High Court | Court case (COMEX) | Filed by the company against an individual | Pending |
To see the full case history of Teesta 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
No delayed payments to MSME suppliers are on our record for Teesta Retail Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Teesta Retail has 3 associated companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Teesta Retail has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Teesta Retail Private Limited, buy the company report.
Recent activity
Teesta Retail Private Limited has 9 board changes on record since 2009: 2 appointments and 7 cessations. The latest: Tapas Mitra ceased to be Additional Director on 08 Nov 2021.
Frequently asked questions
Teesta 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.
Teesta Retail was a private limited company based in Ahmedabad, Gujarat, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 03 December 2007 and is registered under CIN U51101GJ2007PTC134411. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Teesta Retail was incorporated on 03 December 2007. It is registered with the Registrar of Companies, Ahmedabad.
Teesta Retail had 2 directors:
- Tapas Mitra - Director
- Hariharan Mahadevan - Director
The CIN (Corporate Identification Number) of Teesta Retail is U51101GJ2007PTC134411. 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 Teesta Retail is at 606 Capstone Kalgi Cross Road Near Parimal Garden Ellisbridge, Ahmedabad, Gujarat, India – 380006.
The latest financial statements of Teesta Retail on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 December 2022. Year-wise statements from 2015 are in the company report.
No. Teesta Retail has 2 GST registrations on record and all of them are cancelled or inactive.
Teesta Retail operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Teesta Retail has 8 deals on record (5 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹961.45 Cr; the latest was in March 2020.