Company lists
The India edition · 2026

Retail chainscompanies in India

Supermarkets, fashion, jewellery, electronics, footwear and more: the companies building retail chains in India, with their founders, funding, team size and business models.

516 company profiles227 with reported revenue33 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent retail chains business events in India

Funding, M&A, contract wins and launches involving 658 retail chains companies in India, last 24 months: 45 M&A deals · 15 funding rounds · 14 Contracts · 10 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractSupply

Sbc exports · client: HUXXE Readymade Garments Trading LLC

SBC Exports has secured an export order worth around Rs 18 crore from M/s HUXXE Readymade Garments Trading LLC. The order is for supply of various Garment articles including T-Shirts,…

Textiles
ContractService

BrandMan Retail · client: Skechers India

Skechers India has selected Brandman Retail as an authorized reseller to manage its business across online marketplaces including Amazon, Flipkart, Myntra, Ajio, Tata CLiQ, and Nykaa…

Retail
M&AAcquisition · Completed

Reliance retail acquires Anomaly Haircare

Reliance Retail Limited has acquired Anomaly Haircare, the brand launched by Priyanka Chopra Jonas.

Beauty/Haircare
M&AAcquisition · Announced

Reliance retail acquires Anomaly

Reliance Retail today announced that it has acquired actor Priyanka Chopra Jonas' haircare brand ‘Anomaly’, including its brand assets, digital properties and trademarks, in a move that…

Beauty
LaunchDigital Discount Days

Reliance digital

Reliance Digital has announced the continuation of its nationwide Digital Discount Days campaign, now active until April 19, 2026.

Retail promotion
Funding

Style baazar

Cupid Limited (BSE: 530843 | NSE: CUPID), has made the payment of ₹82.88 crore, representing 25% of its total planned investment of ₹331.53 crore in Baazar Style Retail Limited (Style…

Investors Cupid limited
M&AAcquisition · Announced

Accord Business Solutions acquires Future group

Inverness-based IT solutions provider Accord Business Solutions has taken a “significant stake” multi-service solutions provider Future Group.

Multi-service solutions provider
M&AAcquisition · Announced

Croma acquires Southern Security Services Limited

Hampshire-headquartered Croma is paying a total of £550,000 to buy Southern Security Services Limited (SSS).

Electronic security
M&AAcquisition · Announced

Government of Singapore acquires Vishal mega mart

The Government of Singapore and HDFC Mutual Fund acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore, respectively, in Vishal Mega Mart through separate bulk deals on Friday.

Fashion-led hypermarket chain
M&AAcquisition · Announced

Hdfc mutual fund acquires Vishal mega mart

The Government of Singapore and HDFC Mutual Fund acquired promoter stakes worth Rs 1,485 crore and Rs 1,100 crore, respectively, in Vishal Mega Mart through separate bulk deals on Friday.

Fashion-led hypermarket chain
M&AAcquisition · Completed

Johnson Dye Works acquires Praxis home retail

Johnson Dye Works has acquired 10 lakh shares (0.53 percent stake) in Praxis Home Retail at Rs 8.53 per share from New Era Fabrics, amounting to Rs 85.3 lakh.

M&AAcquisition · Announced

Future group acquires Alfred

Future Group, a York-headquartered marketing group, has acquired PR and Social agency, Alfred.

Communications and digital marketing
LaunchLimitless Aptronix Exchange

Aptronix

Aptronix has launched a new device exchange program called Limitless Aptronix Exchange.

Device Exchange Program
M&AAcquisition · Announced

Senco Gold acquires August Jewellery Private Limited (AJPL)

Through the transaction, Senco Gold will acquire 68% stake in AJPL, with the acquisition expected to be completed by April 30, 2026, after which AJPL will operate as a subsidiary of the…

Jewellery
M&AAcquisition · Announced

Senco Gold acquires August

Senco Gold Limited on Wednesday said its board has approved an investment of Rs 68 crore to acquire a 68% equity stake in August Jewellery Private Limited...

Gems and Jewellery
FundingSeries B

Heads up for tails

Premium pet care brand Heads Up For Tails (HUFT) is close to closing a $25 million Series B funding round, marking a significant milestone in its growth journey. The round is being led…

Investors Nilesh Ved, Indian arm of Dubai-based retail giant Apparel Group
Pet care
M&AAcquisition · Completed

Gmr airports limited acquires Delhi Duty Free Services

GMR Airports Limited has completed a strategic acquisition of 49.90% equity stake in Delhi Duty Free Services Private Limited (DDFS) from Delhi International Airport Limited (DIAL),…

Duty-free retail
M&AAcquisition · Announced

Dätwyler acquires Capsul

Altdorf – The industrial group Dätwyler takes over the majority of Capsul With the acquisition of a 51 percent stake in the supplier of aluminium coffee capsules based in Luxembourg and…

Consumer Goods
M&AMerger · Announced

Trent acquires Fiora Online Ltd

Trent informed the exchanges that NCLT has approved the amalgamation of the two step-down subsidiaries of the company i.e. Fiora Hypermarket Ltd (amalgamating company) with Fiora Online…

ContractSupply

Sbc exports · client: HUXXE Readymade Garments Trading LLC

SBC Exports Ltd engaged in garment manufacturing & trading announced receiving a repeat order of Rs.45cr. from a textile firm ie.,HUXXE Readymade Garments Trading LLC, for the supply of…

Garments
ContractService

Zaggle Prepaid Ocean Services · client: V-mart retail

Zaggle Prepaid Ocean services ltd. engaged in delivering fintech solutions has announced receiving a new work order from V-Mart Retail Ltd for providing Zaggle Zoyer Platform, a business…

Retail
FundingQualified Institutional Placement

V2 retail

Value retail chain V2 Retail Ltd on Monday announced the successful completion of its qualified institutional placement , raising ₹399.99 crore through the allotment of 18.74 lakh equity…

Investors Motilal Oswal Small Cap Fund and related funds, Subhkam Ventures, Malabar India Fund Limited, Edelweiss
Value retail chain
ContractSupply

Bizotic · client: Osia hyper retail

The first purchase order from Osia Hyper Retail Limited constitutes the largest portion of the total, valued at around Rs. 66 crore. It includes 10,00,000 meters of fabric, 2,75,000…

M&AAcquisition · Completed

Kalyan jewellers acquires Singularity strategic

Kalyan Jewellers acquired an 85% stake in 2017 from Singularity Strategic, the family office of Brijesh Chandwani and Subram Kapoor, for Rs 35–40 crore.

Contract

Future group · client: Reliance industries

Here’s some size and scope to put the Reliance Industries-Future Group deal in perspective:

Retail
FundingSeries A

Apna mart

Accel's investments in India's consumption sector include Bengaluru-based grocery chain Apna Mart, starting with a $10-million Series A investment in 2023.

Investors Accel
Grocery
Funding

Heads up for tails

Heads Up For Tails: Raised around ₹ 277 crore in August 2021 in a funding round led by Verlinvest and Sequoia Capital India

Investors Verlinvest, Sequoia Capital India
FundingSeries B

Citykart

Citykart has raised a total funding of $29M over 2 round s . Its first funding round was on Jan 24, 2019 . Its latest funding round was a Series B round on May 23, 2025 for $ ***** . 2…

Retail chain offering clothes for men, women, and children
FundingSeries B

Genesis luxury

Here is the list of recent funding rounds of Genesis Luxury : Date of Funding Funding Amount Round Name Post-Money Valuation Revenue Multiple Lead Investors Other Investors 2011 1234…

International luxury brand franchisee
M&AMerger · Announced

Reliance Brands acquires Reliance retail

Reliance Retail’s luxury brand arm Reliance Brands aims to merge itself with its parent to avoid duplication of work and consolidate overlapping functions, according to sources within…

Retail chains companies in India, by revenue

Browse retail chains companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 227 retail chains companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Retail chain offering diversified products

Retail chains
₹271,227.00 crFY 2024-25
+5%2024–2025
72,846-91% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
30postings · last posted Sep 2026

Retail chain of multi-category products

Retail chains
₹50,935.28 crFY 2023-24
Not reported
22,107+20% 12 mo to Jul 2024LinkedIn · Jul 2026
24 yr2002
18postings · last posted Sep 2026

Retail chain of consumer electronics and durable goods

Retail chains
₹19,228.02 crFY 2024-25
+7%2024–2025
10,146-2% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
12postings · last posted Sep 2026

Retail chain of jewellery

Fashion accessories
₹18,621.99 crFY 2023-24
Not reported
4,106+10% 12 mo to Aug 2024LinkedIn · Jul 2026
33 yr1993
1postings · last posted Jul 2026

Retail chain of premium lifestyle apparels

Retail chains
₹14,233.44 crFY 2023-24
Not reported
14,626-5% 12 mo to Mar 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Multi Brand Premium Fashion Retailer

Retail chains
₹12,534.36 crFY 2022-23
Not reported
2,935-37% 12 mo to Jul 2024LinkedIn · Jul 2026
29 yr1997
0none in 3 months

Retailer of apparel and accessories products

Retail chains
₹11,810.00 crFY 2022-23
Not reported
6,772+28% 12 mo to Jul 2023LinkedIn · Jul 2026
27 yr1999
0none in 3 months · last posted Jun 2026

Retail store of electronic gadgets

Retail chains
₹12,139.75 crFY 2024-25
+2%2024–2025
754+21% 12 mo to Aug 2024recorded Aug 2024
15 yr2011
0none in 3 months

Retail chain of consumer products

Retail chains
₹7,618.90 crFY 2022-23
Not reported
1+4% 12 mo to Jul 2024LinkedIn · Jul 2026
25 yr2001
5postings · last posted Sep 2026

Retailer of electronic products

Retailers
₹5,456.76 crFY 2022-23
Not reported
4,638+16% 12 mo to Sep 2024recorded Sep 2024
46 yr1980
—No postings tracked

Brand of jewelry

Fashion accessories
₹5,283.68 crFY 2023-24
Not reported
2,318+15% 12 mo to Jul 2024LinkedIn · Jul 2026
32 yr1994
3postings · last posted Jul 2026

Operator of supermarkets and online grocery services

Retail chains
₹4,691.79 crFY 2024-25
Not reported
1,566LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Retailer of large format fashion and lifestyle products

Retail chains
₹4,372.41 crFY 2023-24
Not reported
11,582+0% 12 mo to Mar 2024LinkedIn · Jul 2026
35 yr1991
14postings · last posted Sep 2026

Retail chain of jewelry

Retail chains
₹4,362.91 crFY 2023-24
+18%2023–2024
1,278+28% 12 mo to Sep 2024recorded Sep 2024
23 yr2003
0none in 3 months

Retail chain of smartphones, electronic appliances, and gadgets

Retail chains
₹3,599.53 crFY 2023-24
+13%2023–2024
2,105LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Online platform offering doorstep delivery of groceries and home essentials at competitive prices

Retail chains
₹3,507.03 crFY 2024-25
+21%2024–2025
—Not available
9 yr2017
1postings · last posted Jul 2026

Mobile dealer offering sales and service for various electronic gadgets

Retail chains
₹3,451.34 crFY 2024-25
Not reported
2,330LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Jun 2026

Retail jewellery store offering multiple gold and silver products

Retail chains
₹3,155.90 crFY 2022-23
Not reported
2,231+27% 12 mo to Jul 2024recorded Jul 2024
35 yr1991
2postings · last posted Jul 2026

Value retail chain offering fashion apparel, footwear, home furnishings, general merchandise, and kirana.

Retail chains
₹3,265.98 crFY 2024-25
+16%2024–2025
9,826-2% 12 mo to Aug 2024recorded Aug 2024
24 yr2002
1postings · last posted Sep 2026

Retail chain of fashion and clothing products

Retail chains
₹2,738.14 crFY 2021-22
Not reported
954-42% 12 mo to Mar 2022LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Retail chain of electronic products

Retail chains
₹3,065.53 crFY 2024-25
+15%2024–2025
937+115% 12 mo to Aug 2024recorded Aug 2024
24 yr2002
0none in 3 months

Retailer of apparel, footwear, electronics, kitchenware, groceries, and home furnishings

Retail chains
₹2,718.34 crFY 2024-25
+10%2024–2025
98LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Retailer of gold, diamond, and other jewellery products

Fashion accessories
₹2,684.83 crFY 2024-25
-4%2024–2025
327+9% 12 mo to Jul 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Manufacturer, exporter, wholesaler, and retailer of jewelry

Retail chains
₹2,371.87 crFY 2024-25
+254%2024–2025
893+2% 12 mo to Mar 2023LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Provider of e-commerce support services

Retail chains
₹2,218.37 crFY 2022-23
Not reported
2,042-62% 12 mo to Sep 2024LinkedIn · Jul 2026
52 yr1974
2postings · last posted Aug 2026
50 of 516 companies shown here · the full list is on Radar
Fliar Radar

Explore all 516 retail chains companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open retail chains in India on Radar
  • Every company, not just 50All 516 retail chains companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore retail chains companies in India by what you are looking for

Browse the top retail chains in India, from supermarkets and electronics stores to fashion, jewellery and footwear chains. Find retail chain companies in India, retail startups and chains that are hiring.

9 ways to explore retail chains in India

Supermarket, grocery & convenience store chainsFashion & apparel retail chainsJewellery & accessories retail chainsElectronics & consumer durables retail chainsFootwear retail chainsHome furnishing & lifestyle retail chains

Supermarket, grocery & convenience store chains

Supermarkets, grocery retailers and convenience store chains.

  1. Vijetha

    Retailer of fruits, vegetables, groceries, bakery, and other products

    Food retailers
    See in list
  2. Apnamart

    Online platform offering grocery delivery services with a focus on providing high-quality products at affordable prices.

    Retail chains
    Website
  3. Honey Money Top

    Supermarket and catering services provider

    Food retailers
    Website
  4. Sumosave

    Supermarket offering a relevant range of food, grocery, and home products to customers

    Retail chains
    Website
  5. AMPM

    Retailer of multiple foods

    Food retailers
    Website

Fashion & apparel retail chains

Clothing and apparel store chains for men, women and kids.

  1. Cantabil Retail India

    Internet first brand of casual apparel wear for men and women

    Apparel brands
    Website
  2. Royal Classic Group

    Manufacturer of organic and recycled textiles

    Apparel brands
    Website
  3. Catmoss

    Kids Wear Brand

    Baby & kids products
    Website
  4. Hayagreevas Fabrics

    Brand of silk sarees

    Apparel brands
    Website
  5. Specsmakers

    Internet first brand of eyeglasses, sunglasses, contact lenses, and related accessories

    Retail chains
    Website

Jewellery & accessories retail chains

Jewellery showrooms, watch and eyewear store chains.

  1. Kalyan Jewellers

    Retail chain of jewellery

    Fashion accessories
    See in list
  2. Senco Gold And Diamonds

    Brand of jewelry

    Fashion accessories
    See in list
  3. Saravana Stores

    Retail chain of jewelry

    Retail chains
    See in list
  4. Thangamayil Jewellery

    Retail jewellery store offering multiple gold and silver products

    Retail chains
    See in list
  5. AVR Swarnamahal Jewelry

    Retailer of gold, diamond, and other jewellery products

    Fashion accessories
    See in list

Electronics & consumer durables retail chains

Stores selling consumer electronics, mobiles and appliances.

  1. Electronics Mart India

    Retailer of electronic products

    Retailers
    See in list
  2. Poorvika

    Retail chain of smartphones, electronic appliances, and gadgets

    Retail chains
    See in list
  3. myG

    Mobile dealer offering sales and service for various electronic gadgets

    Retail chains
    See in list
  4. Sangeetha Mobiles

    Provider of e-commerce support services

    Retail chains
    See in list
  5. Darling Retail

    Retail brand with a wide range of electronics and appliances

    Retail chains
    See in list

Footwear retail chains

Shoe and sneaker store chains.

  1. Khadim's

    Manufacturer and retailer of footwear products and accessories

    Footwear brands
    Website
  2. Superkicks

    Premium sneaker and streetwear store offering genuine sneakers, apparel, and exclusive drops from brands like Nike

    Fashion tech
    Website
  3. Eridani

    Retailer of women's footwear

    Footwear brands
    Website
  4. Mochi Shoes

    Internet first brand of multi category footwear for men, women and kids

    Retail chains
    Website
  5. Sports Station

    Offline retail chain of sports footwear for men, women & kids

    Retail chains
    Website

Home furnishing & lifestyle retail chains

Furniture, home decor, stationery and gifting stores.

  1. Royaloak

    Office and Home Furniture

    Home furnishing products
    Website
  2. Nirmals Furnishings

    Retail chain of home furnishing fabric products

    Retail chains
    Website
  3. Jagdish Store

    Home decor retail chain offering a range of world-class furnishings, fabrics, and accessories

    Retail chains
    Website
  4. Address Home

    Retailer of luxury home decor and gifting items

    Retail chains
    Website
  5. SunriseInterio

    Retailer of furniture for offices, homes, and institutional environments

    Home furnishing products
    Website

Retail chain startups in India

Newer retail chains and brands founded in recent years.

  1. Apnamart

    Online platform offering grocery delivery services with a focus on providing high-quality products at affordable prices.

    Retail chains
    Website
  2. Sonicjewellersltd

    Sonic Jewellers Limited

    Retail chains
    Website
  3. Wriver

    Retail chain of high-end luxury furniture brands

    Retail chains
    Website
  4. Sumosave

    Supermarket offering a relevant range of food, grocery, and home products to customers

    Retail chains
    Website
  5. Riyaasat

    Retailer of Indian ethnic wear for men and women

    Apparel brands
    Website
48 companies in India

Retail chains hiring in India

Retail chains currently recruiting across India.

  1. Reliance Retail

    Retail chain offering diversified products

    Retail chains
    See in list
  2. Croma

    Retail chain of consumer electronics and durable goods

    Retail chains
    See in list
  3. Kalyan Jewellers

    Retail chain of jewellery

    Fashion accessories
    See in list
  4. Lifestyle Stores

    Retailer of apparel and accessories products

    Retail chains
    See in list
  5. Senco Gold And Diamonds

    Brand of jewelry

    Fashion accessories
    See in list
32 companies in India

Listed retail chains in India

Publicly listed retail chains in India.

  1. DMart

    Retail chain of multi-category products

    Retail chains
    See in list
  2. Kalyan Jewellers

    Retail chain of jewellery

    Fashion accessories
    See in list
  3. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  4. Pantaloons

    Multi Brand Premium Fashion Retailer

    Retail chains
    See in list
  5. Electronics Mart India

    Retailer of electronic products

    Retailers
    See in list
39 companies in India
Mobile reach

Top 10 retail chains apps from India

The most-installed Android apps published by retail chains companies headquartered in India — 92.7M installs between them. 62 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Lifestyle - Fashion Shopping

by Lifestyle Stores

Installs22.9M
Rating4.7344K ratings
Installs, year on year+14%
Last updatedMay 2026
View on Google Play ↗
Lifestyle - Fashion Shopping screenshot 1Lifestyle - Fashion Shopping screenshot 2Lifestyle - Fashion Shopping screenshot 3Lifestyle - Fashion Shopping screenshot 4Lifestyle - Fashion Shopping screenshot 5Lifestyle - Fashion Shopping screenshot 6
2

Pantaloons-Online Shopping App

by Pantaloons

Installs14.0M
Rating4.860K ratings
Last updatedMay 2026
View on Google Play ↗
Pantaloons-Online Shopping App screenshot 1Pantaloons-Online Shopping App screenshot 2Pantaloons-Online Shopping App screenshot 3Pantaloons-Online Shopping App screenshot 4
3

Vishal Mega Mart-Select Cities

by Vishal Mega Mart

Installs12.4M
Rating—
Installs, year on year+56%
Last updatedJun 2026
View on Google Play ↗
Vishal Mega Mart-Select Cities screenshot 1Vishal Mega Mart-Select Cities screenshot 2Vishal Mega Mart-Select Cities screenshot 3Vishal Mega Mart-Select Cities screenshot 4Vishal Mega Mart-Select Cities screenshot 5Vishal Mega Mart-Select Cities screenshot 6
5

Shoppers Stop Fashion Shopping

by Shoppers Stop

Installs10.9M
Rating4.32101K ratings
Installs, year on year+18%
Last updatedApr 2026
View on Google Play ↗
Shoppers Stop Fashion Shopping screenshot 1Shoppers Stop Fashion Shopping screenshot 2Shoppers Stop Fashion Shopping screenshot 3Shoppers Stop Fashion Shopping screenshot 4Shoppers Stop Fashion Shopping screenshot 5Shoppers Stop Fashion Shopping screenshot 6
6

Thangamayil DigiGold Savings

by Thangamayil Jewellery

Installs7.9M
Rating4.36234K ratings
Installs, year on year+124%
Last updatedMay 2026
View on Google Play ↗
Thangamayil DigiGold Savings screenshot 1Thangamayil DigiGold Savings screenshot 2Thangamayil DigiGold Savings screenshot 3Thangamayil DigiGold Savings screenshot 4Thangamayil DigiGold Savings screenshot 5Thangamayil DigiGold Savings screenshot 6
10

Aza Fashions Designer Clothing

by Aza Fashions

Installs925K
Rating4.721K ratings
Last updatedJun 2026
View on Google Play ↗
Aza Fashions Designer Clothing screenshot 1Aza Fashions Designer Clothing screenshot 2Aza Fashions Designer Clothing screenshot 3Aza Fashions Designer Clothing screenshot 4Aza Fashions Designer Clothing screenshot 5Aza Fashions Designer Clothing screenshot 6
The business behind the activity

Retail chains financials in India

Revenue, profit and growth from the filed annual accounts of 192 retail chains companies in India for FY24-25 — 225 of the 516 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 74% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹460,194.73 cr

192 companies filing accounts

combined net profit₹13,746.78 cr

3.0% aggregate margin

are profitable75%

144 of 192 companies

median revenue~₹98.6 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five74%

revenue concentration

Six-year view

Combined revenue of filing companies

₹235,590.29 crFY19-20173 filers
₹212,812.49 crFY20-21181 filers
₹273,435.44 crFY21-22185 filers
₹369,643.54 crFY22-23193 filers
₹413,391.18 crFY23-24195 filers
₹460,194.73 crFY24-25192 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 169 companies over three years

+27%
FY22-23₹341,744.34 cr₹7,954.27 cr net
FY23-24₹396,782.20 cr₹10,717.49 cr net
FY24-25₹435,407.45 cr₹13,338.98 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr850% profitable
₹1–10 cr2339% profitable
₹10–100 cr6569% profitable
₹100–1,000 cr5789% profitable
Over ₹1,000 cr3990% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking48
0–20%73
20–50%39
50–100%12
Doubled+9

181 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

144profitable
47loss-making
3.0%aggregate margin
1.2%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
PC JewellerPC JEWELLER LIMITED+916%₹2,371.07 cr
EridaniEridani Fashions Private Limited₹12.81 cr
Mangatrai Neeraj JewellersMANGATRAI NEERAJ JEWELLERS PRIVATE LIMITED
ApnamartFLEET LABS TECHNOLOGIES PRIVATE LIMITED+203%₹190.55 cr
MarcoWagonMARCOWAGON RETAIL PRIVATE LIMITED+158%
SumosaveSUMOSAVE RETAIL VENTURES PRIVATE LIMITED+150%₹32.87 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CravatexCRAVATEX LIMITED33.9%
PC JewellerPC JEWELLER LIMITED24.3%₹2,371.07 cr
RiyaasatRIYAASAT LIFESTYLE LIMITED19.0%₹25.19 cr
Address HomeADDRESS HOME RETAIL PRIVATE LIMITED16.2%
BrandMan RetailBRANDMAN RETAIL LIMITED15.4%
MapleMAPLE DIGITAL TECHNOLOGY INTERNATIONAL PRIVATE LIMITED14.1%₹275.82 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Retail chains150₹420,033.03 cr~₹110.4 cr74%3.0%
Fashion accessories8₹26,435.69 cr~₹298.6 cr75%3.1%
Retailers7₹9,617.62 cr~₹297.4 cr100%2.7%
Apparel brands10₹1,626.92 cr~₹20.5 cr80%6.6%
Leaders

Largest retail chains companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Reliance RetailReliance Retail Limited₹271,227.00 cr₹9,973.00 cr3.7%+5%
Kalyan JewellersKALYAN JEWELLERS INDIA LIMITED₹21,787.14 cr₹688.68 cr3.2%+37%
CromaINFINITI RETAIL LIMITED₹19,228.02 cr−₹1,090.79 cr-5.7%+7%
TrentTRENT LIMITED₹16,997.48 cr9.3%+38%
AptronixPREMIUM LIFESTYLE AND FASHION INDIA PRIVATE LIMITED₹12,139.75 cr₹27.04 cr0.2%+2%
Lifestyle StoresLIFE STYLE INTERNATIONAL PRIVATE LIMITED₹12,031.00 cr₹415.00 cr3.4%—
Vijay SalesVIJAY SALES (INDIA) PRIVATE LIMITED₹10,632.60 cr₹414.90 cr3.9%+22%
Electronics Mart IndiaELECTRONICS MART INDIA LIMITED₹6,973.93 cr₹160.08 cr2.3%+11%
ABFRL, PantaloonsADITYA BIRLA FASHION AND RETAIL LIMITED₹5,807.07 cr−₹127.53 cr-2.2%+9%
Thangamayil JewelleryTHANGA MAYIL JEWELLERY LIMITED₹4,916.30 cr₹118.71 cr2.4%+28%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full retail chains landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the retail chains landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Retail chains funding and M&A across India

125 recorded equity rounds have gone to 658 retail chains companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months10

US$108.71m

raised over five yearsUS$1.52bn

44 rounds in India

M&A deals, India45

last 24 months

Capital by year

Equity funding into retail chains in India

amount rounds
$6.0m20185
$42m20197
$6.2bn202013
$53m20218
$34m202210
$1.3bn20239
$74m202410
$79m20257

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2020, with US$6.17bn across 13 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$139k4 rounds · median US$39k
SeedUS$27.63m13 rounds · median US$1.81m
Series AUS$92.14m13 rounds · median US$4.61m
Series BUS$140.17m11 rounds · median US$11.80m
Series D+US$12.00m1 rounds · median US$12.00m
Private equityUS$1.24bn2 rounds · median US$622.35m
Where the money went · five years

Most-funded sub-sectors

Retail chainsUS$1.41bn35 rounds · 18 companies
Pet care productsUS$62.00m2 rounds · 1 companies
Fashion accessoriesUS$45.87m2 rounds · 1 companies
Food retailersUS$239k2 rounds · 1 companies
Clinic chainsUS$39k1 rounds · 1 companies
Fashion techUS$0k1 rounds · 1 companies
Services for healthcare providersUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

40Acquisition
4Merger
1Announced

Most active acquirers

  1. Reliance retail18
  2. Senco Gold3
  3. Hometown3
  4. Na2
  5. TPG NewQuest and A91 Partners2

Most acquired or merged

  1. Vishal mega mart3
  2. Pahadi local2
  3. Kelvinator2
  4. Citykart2
  5. Anomaly Haircare1

Each deal appears in the events strip at the top of the page.

Retail chains funding in India

33 retail chains companies in India have recorded equity funding, US$7.86bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind retail chains companies in India. 247 of 516 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India retail chains companies by sub-sector

The most common specialisations among retail chains companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring retail chains in India and nearby markets.

Coming soon