ABOUT MAYASHEEL RETAIL INDIA LIMITED
MAYASHEEL RETAIL INDIA LIMITED is engaged in retail trading services. Mayasheel Retail India Limited is the owner of the brand – BAZAR INDIA. BAZAR INDIA is a retail brand and is one of the fastest-growing Fashion & Lifestyle companies. Bazar India sells a broad range of apparel & fashion needs and general merchandising. The apparel range includes Men’s wear, Ladies' wear, and Kidswear.
In just two years of the company’s inception, the company successfully launched 56 stores in 54 cities in Pan India. The company has plans to open more than 100 stores in the near time frame.
The company is expanding rapidly with key elements in the strategy including penetration in key markets, providing private labels and own brands, and making strategic relationships.
04 May 2018
Category/Sub-category of the Company
Company Limited by Shares
Address of the Registered office and contact details
5709, Gali No. 6,
Subhash Mohalla, Gandhi nagar,
New Delhi, Delhi – 110031
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Karvy Fintech Private Limited,
Karvy Selenium, Tower B, Plot no. 31& 32,
Financial district, Nanakramguda, Serilingampally,
Hyderabad – 500032, Telangana.
Email – email@example.com
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Retail Trading Services
BOARD OF DIRECTORS
Mr. Atul Garg, (Chairman and Managing Director)
Mr. Sushil Kumar Karwa, (Executive Director)
Mr. Sunil Kumar Karwa, (Executive Director)
Mr. Puneet kalani, (Executive Director)
Mr. Rakesh Singh (Independent Director)
Ms. Mala Thapar (Independent Director)
Mrs. Neha Garg (Non-Executive Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
MAYASHEEL RETAIL INDIA LIMITED does not have any subsidiary or associate company.
MAYASHEEL RETAIL INDIA LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
Last Traded Price:
Rs. 130.00 Crore
India’s Retail sector market size stood at US$ 854 billion in 2020. The overall retail market of India is projected to cross US$ 1.75 trillion in FY 2026. The Indian e-commerce retail market is predicted to grow at a CAGR of 30% and can reach US$ 200 billion by 2026.
The retail sector of India was one of the worst affected sectors due to COVID 19 pandemic. Due to lockdown, the retail sector has seen shuttered shops, zero revenues for months, inability to pay rents, and struggle with working capital. The most annoying thing for the industry was to deal with huge spikes in demand and manage the supply chain challenges.
But as the lockdown restrictions are slowly eased, the Retail sector of India is slowly getting back on track. There are chances that the retail sector will come closer to a normal level of business after the first half of FY 2021. However, the onset of the COVID 19 pandemic has brought a significant change in the shopping behavior of Indians. The dominance of digital shopping is set to become a reality as physical stores were closed down during lockdown.
Therefore Indian e-commerce retail market is now expected to grow at a CAGR of 30% till 2026. While e-commerce has affected some categories like electronics, footwear, apparel, but a large shift of grocery retailing in India is yet to happen.
The acceleration of digital adoption made winners and losers. Several large retailers like Reliance Retail, Amazon, etc have seen a significant increase in both e-commerce and total revenue, while mid and small retail businesses suffered losses. It is now very important for traditional retailers to expand their digital footprint as soon as possible.
Most of the retail industry in India is unorganized. The unorganized retail market contributes around 85% of the total retail sector in India. But with changing trends, the share of the organized retail market in India is expected to reach 22-25% by 2021.
India ranks among the best countries to invest in the retail sector. Some of the factors like the second largest population in the world, increasing urbanization, rising household incomes, connected rural consumers, and increasing consumer spending are making India an attractive place to invest in retail space.
Moreover, to attract investments in Retails sector, the Government of India has introduced new reforms. Through these new reforms, the Government of India has approved 51% FDI in multi-brand retail and 100% in single-brand retail.
PROFIT & LOSS STATEMENT OF MAYASHEEL RETAIL INDIA LIMITED (In Rs. Lakhs)
Revenue from Operations
Profit Before Tax
Profit After Tax (PAT)
BALANCE SHEET OF MAYASHEEL RETAIL INDIA LIMITED (In Rs. Lakhs)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Deferred tax assets
Long Term Loans & Advances
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalents
Short Term Loans & Advances
Other current assets
TOTAL CURRENT ASSETS
Reserves and surplus
NON CURRENT LIABILITIES
Long Term Borrowings
Other long-term liabilities
Long Term Provision
TOTAL NON CURRENT LIABILITIES
Other Current Liabilities
Short Term Provision
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company increased by 20.05% from Rs. 29,967.20 lakhs in FY 2019 to Rs. 35,974.27 lakhs in FY 2020.
EBITDA of the company decreased significantly by 63.11% from Rs. 811.91 lakhs in FY 2019 to Rs. 299.50 lakhs in FY 2020. EBITDA margins of the company decreased from 2.71% in FY 2019 to 0.83% in FY 2020.
Net loss of Mayasheel Retail India Limited increased from Rs. 531.26 lakhs in FY 2019 to a loss of Rs. 1,759.49 lakhs in FY 2020.
The Current Ratio of the company as of 31st March 2020 was 0.85.
The company has total borrowings of Rs. 2,264.43 lakhs as of 31st March 2020. The debt to equity ratio of the company as of 31st March 2020 was 10.88.
The company has not given any dividends till date.
The book value of the company as of 31st March 2020 was Rs. 0.83.
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