About Whiteinc Retail Private Limited
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Whiteinc Retail Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 17 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52590KA2014PTC076439. Its GSTIN is 29AABCU7414Q1ZO (Karnataka). The company holds 13 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹3.42 Cr. It was formerly known as Upbeat Retail Private Limited. It is led by directors Utkarsh Gadodia and Siddharth Gadodia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.201 Ist Floor # 108 Oxford House(Bbmp No.15) Rustum Baghmain Road Kodihalli, Bangalore, Karnataka, India – 560017.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.79 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹10.02 Cr (net margin -147.7%) and EBITDA of -₹9.4 Cr (EBITDA margin -138.5%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 14% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 5 brands: Upbeatz, Unbottle, Bandar Foods, Palette Brands and Ember. As per MCA filings, the company has open charges of ₹75 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹28.21 Cr; the latest was in June 2024. Its 5 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 2 smaller; the largest is Abeerah One Stop Solutions Private Limited with revenue of ₹6.9 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 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 upbeatz.com.
Company details
Contact details
Whiteinc Retail Private Limited's registered office is in Bangalore, Karnataka. Its website is upbeatz.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.201 Ist Floor # 108 Oxford House(Bbmp No.15) Rustum Baghmain Road Kodihalli, Bangalore, Karnataka, India – 560017
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Whiteinc 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
Brands
Whiteinc Retail operates multiple associated brands including Upbeatz, Unbottle, and Bandar Foods. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A tech-enabled platform offering AI-based solutions for fashion businesses. | upbeatz.com | |
| Manages a digital platform for purchasing reusable stainless steel water bottles and flasks. | unbottle.com | |
| Operates as a brand specializing in sauces, pickles, and condiments. | bandarfoods.com | |
| Brand of non stick cookware, apple accessories, and other products | palettebrands.com | |
| Ember is recognized as India's first 100% non-toxic cookware brand. | embercookware.com |
Business activity
The main business activity of Whiteinc 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 Whiteinc Retail Private Limited, buy the company report.
Financials of Whiteinc Retail Private Limited
FY 2024 filings availableWhiteinc Retail Private Limited reported revenue of ₹6.79 Cr (down 29% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 16% 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 |
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| EBITDA | -₹9.4 Cr | ||||
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| Net Profit (PAT) | -₹10.02 Cr | ||||
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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 | -138.5% | ||||
| Net Profit Margin | -147.7% | ||||
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To see the full financial statements and ratios of Whiteinc Retail Private Limited, buy the company report.
Board of directors of Whiteinc Retail Private Limited
Whiteinc Retail has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Utkarsh Gadodia Also directs: Shreenath Logistics and Warehousing LLP, Ishvaraa Engicon LLP, Aspen Lake Suites LLP and 5 more | Director | 17 Sep 2014 | 12 Years 1 Months | Current |
| Siddharth Gadodia | Director | 17 Sep 2014 | 12 Years 1 Months | Current |
Peer comparison
Whiteinc Retail Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 |
|---|---|---|---|---|---|---|
| Abeerah One Stop Solutions Private Limited | ₹6.9 Cr (FY 2024) | 137.0% | Udaipur, Rajasthan, India | |||
| TWP Retail Private Limited | ₹6.85 Cr (FY 2024) | -5.0% | Bangalore, Karnataka, India | |||
| Bogar Bio Bee Stores Private Limited | ₹6.8 Cr (FY 2022) | -55.0% | Coimbatore, Tamil Nadu, India | |||
| Whiteinc Retail Private Limitedthis company | ₹6.79 Cr (FY 2024) | -₹10.02 Cr | -147.7% | -29.0% | 20 | Bangalore, Karnataka, India |
| Vle Bazaar Private Limited | ₹6.74 Cr (FY 2024) | -18.0% | New Delhi, Delhi, India | |||
| Kneady Retail Technologies Private Limited | ₹6.68 Cr (FY 2023) | 15476.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Whiteinc Retail Private Limited, buy the company report.
Auditor
Whiteinc Retail Private Limited is audited by A S P R & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S P R & CO. | FY 2023 | 018262S |
Shareholding
The shareholding of Whiteinc 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Whiteinc Retail Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100905097 | Others | ₹75 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Whiteinc Retail Private Limited has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹28.21 Cr; the latest was in June 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round · Pre-Series A | ₹16.71 Cr | Investors: Inflection Point Ventures, Dholakia Ventures, 2 individuals |
| Oct 2022 | Funding round · Seed | ₹9.82 Cr | Investors: Dholakia Ventures, Inflection Point Ventures, 2 individuals |
| Aug 2022 | Funding round | ₹49.8 Lakh | Investors: Box Garden Ventures LLC, an individual |
| Sep 2020 | Funding round | ₹70 Lakh | Investors: an individual |
| May 2019 | Rights issue | ₹32 Lakh | Investors: an individual |
To see the full deal history of Whiteinc 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
Whiteinc Retail Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Ecom Express Pvt. Ltd. | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Fourth Dimension India Pprivate Limited Rep by Avinash | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Fourth Dimension India Pprivate Limited Rep by Avinash | Disposed |
To see the full case history of Whiteinc 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
Whiteinc Retail Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| A S P R and Co | |||
| Contlo Technologies Private Limited | |||
| Balakrishna Consulting LLP |
To see the full MSME payment records of Whiteinc Retail Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Whiteinc Retail Private Limited has a workforce of 20 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Whiteinc Retail has 13 GST registrations: 12 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU7414Q1ZO | Karnataka | Active | 01 Jul 2017 |
| 07AABCU7414Q1ZU | Delhi | Active | 01 Jul 2017 |
| 33AABCU7414Q1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
| 36AABCU7414Q1ZT | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Whiteinc Retail Private Limited, buy the company report.
Recent activity
Whiteinc Retail Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Nikhlesh Lakhmani ceased to be Director on 31 Aug 2021.
Frequently asked questions
Whiteinc Retail is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 17 September 2014 (12+ years old) and is registered under CIN U52590KA2014PTC076439.
Whiteinc Retail has 2 current directors:
- Utkarsh Gadodia - Director
- Siddharth Gadodia - Director
The latest financial statements of Whiteinc Retail on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Whiteinc Retail is 29AABCU7414Q1ZO, registered in Karnataka. The company has 13 GST registrations in all, of which 12 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCU7414Q1ZU (Delhi), 33AABCU7414Q1ZZ (Tamil Nadu), 36AABCU7414Q1ZT (Telangana).
The CIN (Corporate Identification Number) of Whiteinc Retail is U52590KA2014PTC076439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Whiteinc Retail has 4 court cases on record: 4 filed against it. 1 is pending.
Whiteinc Retail was incorporated on 17 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Whiteinc Retail has 7 deals on record (5 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹28.21 Cr; the latest was in June 2024.
The peers of Whiteinc Retail by revenue are Abeerah One Stop Solutions Private Limited, TWP Retail Private Limited, Bogar Bio Bee Stores Private Limited, Vle Bazaar Private Limited, Kneady Retail Technologies Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading).
Nikhlesh Lakhmani ceased to be Director on 31 Aug 2021. Siddharth Gadodia was appointed as Director on 17 Sep 2014. Utkarsh Gadodia was appointed as Director on 17 Sep 2014.
Whiteinc Retail has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Whiteinc Retail can be reached through the website upbeatz.com. Its registered office is in Bangalore, Karnataka, India.