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Innovative Retail Concepts
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Registered Details

INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED

Active

Updated: 05 Nov 2024

The company operates as a online food and grocery store

Innovative Retail Concepts Private Limited, is an unlisted private company incorporated on 15 January, 2010. It is classified as a private limited company and is located in Bangalore, Karnataka. It's authorized share capital is INR 9,000.00 cr and the total paid-up capital is INR 2,859.34 cr.

Industry

Business Services

Products

flowers, personal care, herbs, spices, and sprouts, organic food, bakery, cakes, fruits, beverages, dairy, vegetables

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

6.06%

₹ 7,884.6

EBITDA

₹ -888.2

Net Profit

₹ -1,267.2

Networth

₹ -1,262.8

Borrowings

665.76%

₹ 1,581.7

Assets

6.21%

₹ 2,334.2

Gross Margin

2.4

22.1 %

Operating Margin

4.59

-11.3 %

Net Profit Margin

4.57

-16.0 %

Return on Equity

- %

ROCE

496.41

283.9 %

Debt to Equity

0.15

-1.2

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (187)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	3,417.6	6,065.9	7,098.5	7,434.4	7,884.6
Operating profit	-397.7	-119.1	-568.2	-1,178.7	-888.2
Net profit	-424.3	-202.8	-812.7	-1,535.2	-1,267.2
Gross margin	11.4	10.7	17.9	19.7	22.1
Operating margin	-11.6	-2.0	-8.0	-15.8	-11.3
Net margin	-12.4	-3.3	-11.4	-20.6	-16.0
Networth	-1,256.4	-1,459.8	-299.2	-148.0	-1,262.8
Borrowings	-	6.6	100.0	206.6	1,581.7
Assets	311.5	466.8	1,728.9	2,197.9	2,334.2
Debt to equity	0.0	0.0	-0.3	-1.4	-1.2
Current ratio	0.1	0.1	0.5	0.6	0.4
ROE	-	-	-	-	-
Days payable	170.0	105.0	47.0	38.0	35.0
WC days	-148.0	-96.0	-34.0	-27.0	-72.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	2.0	-	1,003.3	2,698.3	2,859.3
Reserves	-1,258.4	-1,459.8	-1,302.6	-2,846.4	-4,122.1
Borrowings +	-	6.6	100.0	206.6	1,581.7
Long term borrowings	-	-	-	101.8	94.9
Short term borrowings	-	6.6	100.0	104.8	1,486.9
Trade payables +	1,409.2	1,561.1	746.3	623.1	593.4
Days payable	170.0	105.0	47.0	38.0	35.0
Other liabilities +	1,567.9	1,920.0	1,928.2	2,139.3	2,015.3
Other non-current liabilities	12.8	216.0	697.7	802.1	838.3
Other current liabilities	146.0	143.0	484.2	714.1	583.6
Total liabilities	311.5	466.8	1,728.9	2,197.9	2,334.2
Fixed Assets +	97.8	315.0	995.7	1,238.9	1,142.1
Tangible assets	96.6	314.0	989.1	1,230.8	1,138.7
CWIP	-	-	0.5	3.2	0.5
Intangible assets	1.2	1.0	6.1	5.0	2.9
LT loans and advances	42.2	-	-	-	-
Other non-current assets	0.8	28.4	71.0	71.9	77.8
Current assets +	170.6	123.4	662.3	887.0	1,114.4
Inventories	50.1	16.4	368.6	452.6	572.1
Trade receivables	-	-	0.1	9.6	24.8
Cash and cash equivalents	20.5	8.1	41.8	39.3	22.3
ST loans and advances	58.9	-	-	-	-
Other current assets	41.1	98.9	251.8	385.5	495.1
Total assets	311.5	466.8	1,728.9	2,197.9	2,334.2

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.65	0.0	58.03	122.77	122.5
Reserves	-404.05	-312.7	-75.34	-129.51	-176.59
Borrowings +	0.0	1.41	5.78	9.4	67.76
Long term borrowings	0.0	0.0	0.0	4.63	4.07
Short term borrowings	0.0	1.41	5.78	4.77	63.7
Trade payables	452.44	334.39	43.16	28.35	25.42
Other liabilities +	503.4	411.28	111.52	97.34	86.33
Other non-current liabilities	4.1	46.26	40.36	36.49	35.91
Other current liabilities	46.87	30.63	28.0	32.49	25.0
Total liabilities
Fixed Assets +	31.41	67.46	57.59	56.37	48.93
Tangible assets	31.03	67.25	57.21	56.0	48.78
CWIP	0.0	0.0	0.03	0.14	0.02
Intangible assets	0.38	0.21	0.35	0.23	0.12
LT loans and advances	13.57	0.0	0.0	0.0	0.0
Other non-current assets	0.25	6.09	4.11	3.27	3.33
Current assets +	54.78	26.44	38.3	40.36	47.74
Inventories	16.1	3.51	21.32	20.59	24.51
Trade receivables	0.0	0.01	0.01	0.44	1.06
Cash and cash equivalents	6.58	1.74	2.42	1.79	0.95
ST loans and advances	18.91	0.0	0.0	0.0	0.0
Other current assets	13.19	21.18	14.57	17.54	21.21
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	3,417.6	6,065.9	7,098.5	7,434.4	7,884.6
Sales growth %	43.54	77.49	17.02	4.73	6.06
Expenses +	3,842.3	6,291.9	7,931.8	8,997.6	9,185.7
Cost of goods	3,026.7	5,416.3	5,830.2	5,969.3	6,141.4
Employee cost	291.2	236.7	739.2	915.6	827.5
Other costs	497.5	532.0	1,097.3	1,728.1	1,803.9
Operating profit +	-397.7	-119.1	-568.2	-1,178.7	-888.2
Operating margin %	-11.6	-2.0	-8.0	-15.8	-11.3
Other income	0.4	23.3	20.6	28.0	33.9
Interest	3.1	31.4	60.8	109.7	144.7
Depreciation	23.8	75.5	204.4	274.8	268.3
Exceptional items	-	-	-	-	-
Profit before tax	-424.3	-202.8	-812.7	-1,535.2	-1,267.2
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-424.3	-202.8	-812.7	-1,535.2	-1,267.2
Net margin %	-12.4	-3.3	-11.4	-20.6	-16.0

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.99	99.62	99.71	99.62	99.57
Expenses +	112.41	103.33	111.42	120.57	116.0
Cost of goods	88.55	88.95	81.89	79.99	77.56
Employee cost	8.52	3.89	10.38	12.27	10.45
Other costs	14.55	8.74	15.41	23.16	22.78
Operating profit	-11.64	-1.96	-7.98	-15.79	-11.22
Other income	0.01	0.38	0.29	0.38	0.43
Interest	0.09	0.52	0.85	1.47	1.83
Depreciation	0.7	1.24	2.87	3.68	3.39
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-12.41	-3.33	-11.42	-20.57	-16.0
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-12.41	-3.33	-11.42	-20.57	-16.0

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	-0.3	-1.4	-1.2
Net Debt/Equity	0.0	0.0	-0.2	-1.1	-1.2
Total Debt/Assets	0.0	0.0	0.1	0.1	0.7
Total Assets/Equity	-0.2	-0.3	-5.8	-14.8	-1.9
Liquidity +
Current Ratio	0.1	0.1	0.5	0.6	0.4
Quick Ratio	0.1	0.1	0.2	0.3	0.2
Interest Coverage	-127.2	-3.8	-9.3	-10.8	-6.1
Performance
Gross Margin	11.4	10.7	17.9	19.7	22.1
Operating Margin	-11.6	-2.0	-8.0	-15.8	-11.3
Net Margin	-12.4	-3.3	-11.4	-20.6	-16.0
Return +
Return on Equity	-	-	-	-	-
Pre-tax ROCE	32.8	15.3	-235.9	-212.5	283.9
Return on Assets	-136.2	-43.4	-47.0	-69.8	-54.3
Pre-tax ROIC	33.5	13.3	320.6	-7,577.5	-389.8
Efficiency +
Days Payable	170.0	105.0	47.0	38.0	35.0
Days Inventory	6.0	1.0	23.0	28.0	34.0
Days Receivable	0.0	0.0	0.0	0.0	1.0
Fixed Asset Turnover	34.9	19.3	7.1	6.0	6.9
Total Asset Turnover	11.0	13.0	4.1	3.4	3.4
Working Capital
Cash Conversion Cycle	-164.0	-104.0	-24.0	-10.0	0.0
Working Capital Days	-148.0	-96.0	-34.0	-27.0	-72.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

HDFC Bank Limited

No. of Loans: 1

Total Amount : 5.0 cr

Charge Holder	Amount	Date of creation/modification
HDFC Bank Limited	5.0 cr	26 Oct, 2021

Charges

HDFC Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Vipul Mahendra Parekh	01902890	4 years
CFO	Vipul Mahendra Parekh	<HIDDEN>	4 years
Director	Menon Hari	03404629	4 years
CEO	Menon Hari	<HIDDEN>	4 years
CS	Sneha Singh	<HIDDEN>	3 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
CAMELLIA CLOTHING LIMITED	Active	39.2 L	1	Karnataka
EXCUBATOR CONSULTING PRIVATE LIMITED	Active	1.2 L	1	Karnataka
SAVIS RETAIL PRIVATE LIMITED	Under Liquidation	7.6 Cr	2	Karnataka
EDUQUITY CAREER TECHNOLOGIES PRIVATE LIMITED	Active	2.0 Cr	1	Karnataka
DAILYNINJA DELIVERY SERVICES PRIVATE LIMITED	Active	6.0 Cr	2	Maharashtra
DELYVER RETAIL NETWORK PRIVATE LIMITED	Strike Off	5.4 Cr	1	Karnataka
RETAILERS ASSOCIATION'S SKILL COUNCIL OF INDIA	Active	5.0 L	1	Maharashtra
JASSBYS HOTELS PRIVATE LIMITED	Active	54.9 L	1	Karnataka
LABOURNET SERVICES INDIA PRIVATE LIMITED	Active	31.4 Cr	1	Karnataka
TATA 1MG TECHNOLOGIES PRIVATE LIMITED	Active	9.7 L	1	Delhi
SUPERMARKET GROCERY SUPPLIES PRIVATE LIMITED	Active	15.0 Cr	2	Karnataka

Registered Details

CIN

U74130KA2010PTC052192

PAN

AACCI2053A

Incorporation

2010, 15.3 years

Company Email

sneha.singh2@bigbasket.com

Paid up Capital

₹ 2,859.3 Cr

Authorised Capital

₹ 9,000.0 Cr

AGM

Aug 2024

Type

Private

Non-government Company

FAQ - INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED

What is the incorporation date of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED?

The incorporation date of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED is 15 January, 2010

What is the authorized share capital of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED?

The authorized share capital of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED is INR ₹ 9,000.0 Cr.

What is the paid-up capital of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED?

The paid-up capital of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED is INR ₹ 2,859.3 Cr.

What is the registered address of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED?

The registered address of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED is Ranka Junction, No. 224 (old Sy No.80/3), 4th Floor, Vijin apura, Old Madras Road, K R Puram NA Bangalore Bangalore Karnataka - 560016

What is the CIN number of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED?

The CIN number of INNOVATIVE RETAIL CONCEPTS PRIVATE LIMITED is U74130KA2010PTC052192.

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