About Vero Moda Retail Private Limited
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Vero Moda Retail Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Bestseller United Singapore Pte. Limited. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 13 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52100MH2015FTC269222. Its GSTIN is 27AAFCV2609E1ZH (Maharashtra). The company holds 18 GST registrations, all of them active.
The company has an authorised share capital of ₹325 Cr and a paid-up capital of ₹323.15 Cr. It is led by directors including Anders Holch Povlsen and Lise Kaae.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Lalit Residency 4th Floor The Lalit Mumbai Sahar Airport Road Sahar Andheri (East, ), Maharashtra, India – 400059.
As per the financials filed for FY 2025, the company reported a revenue of ₹479.56 Cr, a growth of 99% compared to the previous year. For the same year it recorded a net profit of ₹8.2 Cr (net margin 1.7%) and EBITDA of ₹31.76 Cr (EBITDA margin 6.6%).
The company has about 564 employees on its provident fund (EPFO) records.
Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 5 cases are pending. The company has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹255.92 Cr; the latest was in June 2024. Its 3 peer companies in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 1 larger and 2 smaller; the largest is CS Trade Link Private Limited with revenue of ₹496.48 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 38 overdue payments to 16 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website veromoda.in.
Company details
Contact details
Vero Moda Retail Private Limited's registered office is in Mumbai, Maharashtra. Its website is veromoda.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThe Lalit Residency 4th Floor The Lalit Mumbai Sahar Airport Road Sahar Andheri (East, ), Maharashtra, India – 400059
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Vero Moda 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
Business activity
The main business activity of Vero Moda 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 Vero Moda Retail Private Limited, buy the company report.
Financials of Vero Moda Retail Private Limited
FY 2025 filings availableVero Moda Retail Private Limited reported revenue of ₹479.56 Cr (up 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 99% in the latest year. EBITDA rose 167% in the latest 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 |
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| EBITDA | ₹31.76 Cr | ||||
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| Net Profit (PAT) | ₹8.2 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 6.6% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Vero Moda Retail Private Limited, buy the company report.
Board of directors and KMP of Vero Moda Retail Private Limited
Vero Moda Retail Private Limited currently reports 5 directors and 1 key managerial person. 6 former directors have served the organization.
Peer comparison
Vero Moda Retail Private Limited is compared with the 3 companies closest to it by revenue in the Apparel industry (Accessories Retail and Distribution, Apparel 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 Limitedthis company | ₹479.56 Cr (FY 2025) | ₹8.2 Cr | 1.7% | 99.0% | 564 | Mumbai, Maharashtra, India |
| Ssipl Retail Limited | ₹451.5 Cr (FY 2025) | 79.0% | 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 Vero Moda Retail Private Limited, buy the company report.
Auditor
Vero Moda Retail Private Limited is audited by Singhi Chugh & Kumar for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi Chugh & Kumar | FY 2022 | 013613N |
Shareholding
The shareholding of Vero Moda 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 Vero Moda Retail Private Limited, buy the company report.
Deals & funding
Vero Moda Retail Private Limited has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹255.92 Cr; the latest was in June 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round | ₹64.71 Cr | Investors: Bestseller Fashion India Private Limited |
| Jun 2020 | Funding round | ₹41.52 Cr | Investors: Bestseller United Singapore Pte Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Bestseller Fashion India Private Limited Seller: Bombay Rayon Clothing Limited , B R Machine Tools Private Limited |
| Apr 2018 | Funding round | ₹60.11 Cr | Investors: Bestseller United Singapore Pte Limited |
| Jul 2016 | Funding round | ₹89.56 Cr | Investors: Bestseller United Singapore Pte Limited, Bombay Rayon Clothing Limited , B R Machine Tools Private Limited |
To see the full deal history of Vero Moda 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
Vero Moda Retail Private Limited has 13 court cases on record: 9 filed by Vero Moda Retail, 4 filed against it. 5 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 5 |
| High courts | 5 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Kalpataru Retail Ventures Pvt Ltd | Pending |
| Bombay High Court | Court case (CARAP) | Filed against the company by Shreeja Devcon Private Limited | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Kuehne Nagel Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against VR Dakshin Private Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed by the company against Kuehne Nagel Private Limited | Disposed |
To see the full case history of Vero Moda 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
Vero Moda Retail Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 38 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| As Per Annexure 1 | |||
| Ans Digital Private Limited | |||
| Century Road Transport Private Limited | |||
| Ivaana Ventures Private Limited | |||
| SRSG Broadcast (India) Private Limited |
To see the full MSME payment records of Vero Moda Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vero Moda Retail Private Limited has a workforce of 564 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Vero Moda Retail has 18 GST registrations: 18 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV2609E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 27AAFCV2609E2ZG | Maharashtra | Active | 01 Mar 2025 |
| 03AAFCV2609E1ZR | Punjab | Active | 01 Jul 2017 |
| 04AAFCV2609E1ZP | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vero Moda Retail Private Limited, buy the company report.
Recent activity
Vero Moda Retail Private Limited has 12 board changes on record since 2015: 6 appointments and 6 cessations. The latest: Sandip Shankarrao Kute ceased to be Director on 29 Sep 2025.
3 earlier events are in the company report.
Frequently asked questions
Vero Moda Retail is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 13 October 2015 (11+ years old) and is registered under CIN U52100MH2015FTC269222.
Vero Moda Retail has 6 current directors and KMP:
- Anders Holch Povlsen - Director
- Lise Kaae - Director
- Sumit Dhingra - Director
- Thomas Borglum Jensen - Director
- Sandip Shankarrao Kute - Director
- Amisha Ritesh Jain - Company Secretary
The latest financial statements of Vero Moda Retail on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Vero Moda Retail is 27AAFCV2609E1ZH, registered in Maharashtra. The company has 18 GST registrations in all, of which 18 are active. Other active GSTINs include 27AAFCV2609E2ZG (Maharashtra), 03AAFCV2609E1ZR (Punjab), 04AAFCV2609E1ZP (Chandigarh).
The CIN (Corporate Identification Number) of Vero Moda Retail is U52100MH2015FTC269222. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vero Moda Retail has 13 court cases on record: 9 filed by the company and 4 filed against it. 5 are pending. Most are in the district courts.
Vero Moda Retail was incorporated on 13 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Vero Moda Retail has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹255.92 Cr; the latest was in June 2024.
The peers of Vero Moda Retail by revenue are CS Trade Link Private Limited, Ssipl Retail Limited, Adi Sports (India) Private Limited, all in the Apparel industry (Accessories Retail and Distribution, Apparel Retail and Distribution), with the same principal business activity (retail trading).
Sandip Shankarrao Kute ceased to be Director on 29 Sep 2025. Sumit Dhingra ceased to be Additional Director on 29 Sep 2025. Lise Kaae was appointed as Director on 19 Aug 2025. Vero Moda Retail has 12 board changes on record in total.
Vero Moda Retail has 8 MSME Form 1 returns on record between 2019 and 2024, listing 38 overdue payments to 16 micro and small suppliers. The latest return was filed on 29 Jun 2024.
Vero Moda Retail can be reached through the website veromoda.in. Its registered office is in Mumbai, Maharashtra, India.