Innovative Retail Concepts Profile
Key Indicators
- Authorised Capital ₹ 9,000.00 Cr
- Paid Up Capital ₹ 2,859.34 Cr
- Company Age 15 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.00 Cr
- Satisfied Charges ₹ 70.00 Cr
- Revenue Growth 4.82%
- Profit Growth -88.89%
- Ebitda -107.43%
- Net Worth 50.52%
- Total Assets 27.12%
About Innovative Retail Concepts
Innovative Retail Concepts Private Limited (IRCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 January 2010 and has a history of 15 years and two months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the E-Commerce Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 9,000.00 Cr and a paid-up capital of Rs 2,859.34 Cr.
The company currently has active open charges totaling ₹5.00 Cr. The company has closed loans amounting to ₹70.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Innovative Retail Concepts Private Limited India are Menon Hari as Ceo, Vipul Parekh as Cfo, and Sneha Singh as Company Secretary. Vipul Parekh and Menon Hari serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
- CIN/LLPIN
U74130KA2010PTC052192
- Company No.
052192
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Jan 2010
- Date of AGM
27 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
E-Commerce
What products or services does Innovative Retail Concepts Private Limited offer?
Innovative Retail Concepts Private Limited offers a wide range of products and services, including Herbal Extracts, Tongkat Ali Extract, Cosmetic, Tongue Cleaner, Ag Food, Garlic Papad, Menthol Essential Aromatic Oil, Garlic Oleoresin, Fertiliz, Boric Acid.
Innovative Retail Concepts Private Limited
Explore comprehensive data for Innovative Retail Concepts Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Innovative Retail Concepts?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Menon Hari | CEO | 01-Jun-2021 | Current |
| Vipul Parekh | CFO | 01-Jun-2021 | Current |
| Sneha Singh | Company Secretary | 01-Mar-2022 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Vipul Parekh  | Director | 28-May-2021 | Current |
| Menon Hari | Director | 28-May-2021 | Current |
Financial Performance of Innovative Retail Concepts.
Innovative Retail Concepts Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.82% increase. The company also saw a substantial fall in profitability, with a 88.89% decrease in profit. The company's net worth Soared by an impressive increase of 50.52%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Innovative Retail Concepts?
In 2023, Innovative Retail Concepts had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Retailers Association's Skill Council Of IndiaMenon Hari is a mutual person
Camellia Clothing LimitedVipul Parekh is a mutual person
Labournet Services India Private LimitedMenon Hari is a mutual person
Excubator Consulting Private LimitedVipul Parekh is a mutual person
Dailyninja Delivery Services Private LimitedVipul Parekh and Menon Hari are mutual person
Eduquity Career Technologies Private LimitedVipul Parekh is a mutual person
Charges (Loans)
Open Charges
₹5.00 Cr
Satisfied Charges
₹70.00 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2021 | Hdfc Bank Limited | ₹5.00 Cr | Open |
| 18 Dec 2017 | Others | ₹25.00 Cr | Satisfied |
| 29 Mar 2017 | Others | ₹45.00 Cr | Satisfied |
How Many Employees Work at Innovative Retail Concepts?
Innovative Retail Concepts has a workforce of 17651 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Innovative Retail Concepts, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Innovative Retail Concepts's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Innovative Retail Concepts
Recent activity within the organization
- Annual General Meeting
Innovative Retail Concepts Private Limited last Annual general meeting of members was held on 27 Aug 2024 as per latest MCA records.
- Balance Sheet
Innovative Retail Concepts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Sneha Singh was appointed as a Company Secretary was appointed as a Company Secretary on 01 Mar 2022 & has been associated with this company since 3 years 1 month .
- Charges
A charge with Hdfc Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100544374 was registered on 26 Oct 2021.
- Director Appointment
Menon Hari was appointed as a Ceo was appointed as a Ceo on 01 Jun 2021 & has been associated with this company since 3 years 10 months .
- Director Appointment
Vipul Mahendra Parekh was appointed as a Cfo was appointed as a Cfo on 01 Jun 2021 & has been associated with this company since 3 years 10 months .
Recent News, Updates & Announcement
BigBasket Aims To Turn Profitable In 8 Months; Eyeing IPO In 2025 - Indian Food Industry-Snackfax.BigBasket, the Tata group-owned online grocer, is eyeing to come out with an initial public offering in 2025 after turning profitable, a top official said on.
- BigBasket Boosts Customer Satisfaction with MoEngage's DPM Technology.
BigBasket be like: 'Yo, we got this cool thing called MoEngage's DPM. It helps us make your shopping experience more personal. #FancyTech #HappyCustomers.
- Leading Digital Lending Platform LoanTap Partners with BigBasket’s HoReCa to Launch Financing Solutions .
Collaboration to provide hassle-free credit options for businesses in the HoReCa industry LoanTap, a leading digital lending platform, has a....
Frequently asked questions
What is the Incorporation or founding date of Innovative Retail Concepts Private Limited?
Innovative Retail Concepts Private Limited was incorporated on 15 Jan 2010.
What is authorized share capital and paid-up capital of Innovative Retail Concepts Private Limited?
The authorized share capital of Innovative Retail Concepts Private Limited is ₹ 9,000.00 Cr and paid-up capital is ₹ 2,859.34 Cr.
Who are the current board members & directors of Innovative Retail Concepts Private Limited?
Currently 5 directors are associated with Innovative Retail Concepts Private Limited.
- Vipul Mahendra Parekh
- Menon Hari
- Menon Hari
- Vipul Mahendra Parekh
- Sneha Singh
What is the registered address of Innovative Retail Concepts Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Retail Concepts Private Limited is Ranka Junction No. 224 (Old Sy No.80/3) 4Th Floor Vijinapura Old Madras Road, K R Puram India, Bangalore, Karnataka, 560016.
What is the corporate identification number (CIN) and company number of Innovative Retail Concepts Private Limited?
The corporate identification number (CIN) of Innovative Retail Concepts Private Limited is U74130KA2010PTC052192 and the company number is 052192 as per Ministry of Corporate Affairs (MCA).
What is the official website of Innovative Retail Concepts Private Limited?
The Official website of Innovative Retail Concepts Private Limited is https://www.bigbasket.com
What has been the recent revenue trend for Innovative Retail Concepts Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Innovative Retail Concepts Private Limited has risen by 4.82%.
How many employees does Innovative Retail Concepts Private Limited currently have?
As Per 2023 financial reports, 17651 employees are currently employed by Innovative Retail Concepts Private Limited.
What change has been observed in the net worth of Innovative Retail Concepts Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Innovative Retail Concepts Private Limited has experienced an upsurge of 50.52%.
What are the total open charges for Innovative Retail Concepts Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Innovative Retail Concepts Private Limited amount to ₹ 5.00 Cr.
When was the last Balance Sheet of Innovative Retail Concepts Private Limited filed with the ROC?
The most recent Balance Sheet for Innovative Retail Concepts Private Limited was filed with the ROC on 31 Mar 2024.
Unlock Business Insights – Explore Instantly!
Search company & director profiles for free and gain access to critical business data.
- 3.1M+ Companies
- 15M+ Legal Cases
- 525K+ Credit Ratings
- 5.8M+ Directors & KMP
- 750K+ Regulatory Alerts
- 1.1M+ Companies' Financial Records
People also Viewed
Pushpendra YadavAdditional Director
Nagaraju BalasubramanyamDirector
Abhinay ChoudhariDirectorVK
Vinay KattaAdditional DirectorSN
Sudhi NautiyalDirectorSB
Srinivas BhatDirector
Similar Companies Based on Online Grocery Platforms
Kiranakart Technologies Private Limited Mumbai, Maharashtra, India
Lynks Logistics Limited Chennai, Tamil Nadu, India
Merabo Labs Private Limited Jaipur, Rajasthan, India
Vijetha Supermarkets Private Limited(Part Ix) Hyderabad, Telangana, India
Natures Basket Limited Kolkata, West Bengal, India- Supermarket Grocery Supplies Private Limited Bangaluru, Karnataka, India
Granary Wholesale Private Limited Bangalore, Karnataka, India