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.
CIN of Mayasheel Retail India |
U52599DL2018PLC333450 |
Registration Date of Mayasheel Retail India |
04 May 2018 |
Category/Sub-category of Mayasheel Retail India |
Company Limited by Shares |
Mayasheel Retail India Registered office address |
5709, Gali No. 6, Subhash Mohalla, Gandhi nagar, New Delhi, Delhi – 110031 |
Mayasheel Retail India Registrar and Transfer Agent address |
Karvy Fintech Private Limited, Karvy Selenium, Tower B, Plot no. 31& 32, Financial district, Nanakramguda, Serilingampally, Hyderabad – 500032, Telangana. |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Retail Trading Services |
9962 |
100% |
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)
Mayasheel Retail India Limited does not have any subsidiary or associate company.
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 the COVID-19 pandemic. Due to the lockdown, the retail sector has seen shuttered shops, zero revenues for months, an inability to pay rent, and a struggle with working capital. The most annoying thing for the industry was dealing with huge spikes in demand and managing 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.
