Company lists
The Maharashtra edition · 2026

Retailcompanies in Maharashtra

Fashion & apparel, retail stores & chains, beauty & personal care, online stores & marketplaces, B2B commerce & e-commerce enablers and more: the companies building retail in Maharashtra, with their founders, funding, team size and business models.

4,314 company profiles1,099 with reported revenue334 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent retail business events in Maharashtra

Funding, M&A, contract wins and launches involving 5,799 retail companies in Maharashtra, last 24 months: 86 funding rounds · 77 M&A deals · 37 Contracts · 36 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

FundingPre-Series C

Zouk

Zouk is preparing for its next phase of growth with a fresh ₹60 crore pre-Series C funding round, reinforcing investor confidence in one of India's fastest-growing D2C fashion and…

D2C fashion and lifestyle
LaunchTata Neu

Tata digital

Among the most ambitious attempts is Tata Neu, the super app developed by Tata Digital. Launched to unify the Tata Group's consumer businesses under one platform, Tata Neu combines…

Super App
Launch40% discount promotion (code FUTURE)

Tradeify

Tradeify, a U.S.-based proprietary trading firm specializing in futures markets, today announced the return of its flagship 40% discount across all funded account programs.

Promotional discount
M&AAcquisition · Announced

JSW One Platforms acquires BuildNext Construction Solutions

IPO-bound B2B marketplace JSW One Platforms has acquired Pidilite Ventures-backed proptech startup BuildNext Construction Solutions as it looks to expand its presence in India's…

Proptech
M&AAcquisition · Completed

Jsw one acquires Buildnext

JSW One Platforms Limited, the e-commerce arm of the $24 billion JSW Group, has concluded the acquisition of tech-enabled construction startup BuildNext.

Tech-enabled construction
M&AAcquisition · Announced

Burgundy brand collective acquires Le Mill

Burgundy Brand Collective has agreed to buy Le Mill for an undisclosed sum in a deal expected to see the multi-brand retailer expand beyond its single Mumbai location into multiple…

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 · Completed

Reliance retail acquires Anomaly

Reliance Retail has acquired Anomaly, the global haircare brand founded by actor and entrepreneur Priyanka Chopra Jonas.

Beauty
ContractService

Black white orange brands · client: Perfetti van melle

Black White Orange Brands Pvt. Ltd. (BWO), one of India’s leading brand licensing and consumer products companies, has been appointed by Perfetti Van Melle (PVM) as the official…

Licensing
FundingPre-Series B

Chupps

Mumbai: Chupps has announced that Ajinkya Rahane, current captain of Kolkata Knight Riders and former India Test captain, has joined the company as an equity investor and strategic…

Investors Ajinkya Rahane
Footwear
LaunchFirst factory outlet in India

Pepperfry

Pepperfry has introduced its first factory outlet in India, located in Pune, marking the debut of a new retail format for the brand.

Retail format
ContractSupply

Capacit’e Infraprojects · client: Arisinfra Solutions

ArisInfra Solutions has signed a five-year procurement deal with Capacit’e Infraprojects to source construction materials worth ₹800 crore via its platform, marking one of the sector’s…

Construction
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
LaunchBulk

Ithink logistics

iThink Logistics, a leading logistics aggregation platform, has announced its strategic entry into the rapidly growing B2B logistics space with the launch of its bulk shipping solution,…

B2B bulk shipping solution
ContractSupply

Arisinfra Solutions · client: Capacit’e Infraprojects Limited

Arisinfra Solutions Limited said on Monday, April 13, that it has signed a memorandum of understanding with Capacit’e Infraprojects Limited for the procurement of construction and…

Infrastructure, commercial, real estate
ContractSupply

Arisinfra Solutions · client: Capacité Infraprojects

ARISINFRA Solutions Limited has signed a Memorandum of Understanding with Capacité Infraprojects to channel ₹800 Crore worth of material procurement through its platform over five years.

Construction Materials Procurement
Funding

Palmonas

Jewellery brand Palmonas raised $40 million.

Jewellery
M&AAcquisition · Announced

Nykaa acquires Dot & Key skincare

The company has been actively pursuing a House of Nykaa strategy through strategic acquisitions, such as Nudge Wellness, Dot & Key skincare and Earth Rhythm.

Beauty and fashion retailer
M&AAcquisition · Announced

Nykaa acquires Nudge Wellness

Nykaa has already acquired brands like Nudge Wellness and Dot & Key skincare to enhance its portfolio in the beauty retail space.

Wellness
M&AAcquisition · Completed

Reliance Retail Ventures (RRVL) acquires Ed-a-mamma

Alia Bhatt sold a 51% stake in her sustainable kids and maternity wear brand, Ed-a-Mamma to Reliance Retail Ventures (RRVL) about three years after launch.

Funding

Uppercase

Direct-to-consumer (D2C) luggage brand Uppercase has raised Rs 20 crore in a fresh funding round from existing investors Accel India and Volrado Venture Partners.

Investors Accel india, Volrado Venture Partners
Luggage
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
FundingEarly growth-stage

All things baby

Platforms like All Things Baby have raised early growth-stage funding of roughly $3–4 million from a mix of venture investors and family offices, focusing on a premium, curated…

Premium marketplace baby & kids
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
FundingSeries A

Bonkers Corner

Omnichannel clothing brand Bonkers Corner has raised Rs 95 crore (approximately $10.5 million) in its Series A funding round, led by India SME Investment Fund, with participation from…

Investors India SME Investment Fund, Radhakrishna Ramnarain, Namita Thapar, Rajesh Raheja
Fashion
Funding

Palmonas

PALMONAS raising $22 million from VERTEX ™ and Xponentia Capital

Investors VERTEX ™, Xponentia capital
Premium consumer brands / jewellery
Contract

ABB Robotics · client: ABB India

On March 1, 2026 at 11.51 pm, ABB India executed a Business Transfer Agreement (BTA) with ABB Robotics India Private Limited for the transfer of its Robotics Business.

LaunchMedicube

Tira

Reliance Retail's beauty platform Tira has launched the popular Korean skincare brand Medicube in India.

Skincare
Funding

Pepperfry

Omnichannel furniture brand Pepperfry is raising Rs 158.4 crore (approximately $17.6 million) in a funding round led by Morde Foods and SageOne Investments, with participation from…

Investors Morde foods, SageOne Investments, Newage Global Ventures, Sidharth Iyer
Furniture Retail

Retail companies in Maharashtra, by revenue

Browse retail companies in Maharashtra 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 1,099 retail companies in Maharashtra 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

Distributor of ICT products

Wholesalers
₹32,896.18 crFY 2024-25
+2%2024–2025
1,531+19% 12 mo to Feb 2024recorded Feb 2024
40 yr1986
0none in 3 months

Provider of integrated digital ecosystem and financial services platform

Horizontal e-commerce
₹32,187.54 crFY 2024-25
+5%2024–2025
835-10% 12 mo to Mar 2024recorded Mar 2024
7 yr2019
0none in 3 months · last posted Feb 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

Provider of diverse building and construction materials for project lifecycles

Construction tech
₹18,555.78 crFY 2024-25
+26%2024–2025
1,945+132% vs previous recordLinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted May 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

Provider of ethically sourced, finest quality and exclusive natural diamonds, crafted by expert artisans and world's most advanced technologies

Wholesalers
₹11,645.84 crFY 2022-23
Not reported
2,896-8% 12 mo to Sep 2024recorded Sep 2024
62 yr1964
—No postings tracked

Wholesaler of luxury good and jewelry

Wholesalers
₹10,893.68 crFY 2024-25
+51%2024–2025
19+58% 12 mo to Aug 2024recorded Aug 2024
24 yr2002
0none in 3 months

Natural diamond manufacturing and designing services

Contract manufacturers
₹7,589.18 crFY 2022-23
Not reported
427LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

Beauty tech
₹7,977.08 crFY 2024-25
+24%2024–2025
1,253recorded
14 yr2012
—No postings tracked

Online retailer offering a range of baby, kids, and maternity products

Online mom & baby care
₹7,810.09 crFY 2024-25
+19%2024–2025
5,700+104% vs previous recordrecorded
16 yr2010
—No postings tracked

Provider of building material procurement solutions

Construction tech
₹5,936.37 crFY 2024-25
+119%2024–2025
97+288% 12 mo to Sep 2024LinkedIn · Jul 2026
3 yr2023
0none in 3 months

Wholesaler of diamonds

Wholesalers
₹5,093.33 crFY 2021-22
Not reported
956+5% 12 mo to Mar 2024recorded Mar 2024
66 yr1960
0none in 3 months

Manufacturer and exporter of diamonds and jewellery products

Contract manufacturers
₹4,467.92 crFY 2022-23
Not reported
316-35% 12 mo to Sep 2024recorded Sep 2024
55 yr1971
—No postings tracked

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

Online retailer of TMT, steel HR coil, and cement products

Manufacturing tech
₹3,983.39 crFY 2024-25
+180%2024–2025
912-63% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Internet first brand offering multi-category consumer electronic products

Consumer electronics e-commerce
₹3,403.18 crFY 2022-23
Not reported
469-2% 12 mo to Sep 2024recorded Sep 2024
8 yr2018
—No postings tracked

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

Retailer of diamonds and jewelry

Retailers
₹3,327.64 crFY 2023-24
-15%2023–2024
410LinkedIn · Jul 2026
23 yr2003
0none in 3 months

Online retailer offering multi-category pet products

Pet tech
₹3,117.24 crFY 2022-23
Not reported
6+13% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Wholesaler of diamond jewelry

Wholesalers
₹2,836.02 crFY 2021-22
Not reported
—Not available
48 yr1978
—No postings tracked

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
50 of 4,314 companies shown here · the full list is on Radar
Fliar Radar

Explore all 4,314 retail companies in Maharashtra on Radar

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

Open retail in Maharashtra on Radar
  • Every company, not just 50All 4,314 retail companies in Maharashtra, 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 companies in Maharashtra by what you are looking for

Find top retail companies in Maharashtra, from fashion and beauty retailers to retail chains and online stores. Browse retail startups in Maharashtra and the list of retail companies by category.

9 ways to explore retail in Maharashtra

Fashion, apparel & jewellery retailersRetail chains, stores & wholesalersBeauty & personal care retailersOnline shopping & e-commerce marketplacesB2B e-commerce & e-commerce enabler companiesHome improvement, furniture & electronics retailers

Fashion, apparel & jewellery retailers

Clothing brands, fashion retailers and jewellery sellers.

  1. Jewelex

    Retailer of diamonds and jewelry

    Retailers
    See in list
  2. Palak Jewellers

    Retailer of jewelry products

    Retailers
    See in list
  3. WHPS

    Retailer of gold and diamond jewellery

    Retailers
    Website
  4. Blue Star Diamonds

    Online retailer of diamond products

    Materials tech
    Website
  5. Purple Style Labs

    Chains providing curated luxury fashion

    Fashion tech
    Website

Retail chains, stores & wholesalers

Store chains, retailers and wholesalers selling across categories.

  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. 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. Shoppers Stop

    Retailer of large format fashion and lifestyle products

    Retail chains
    See in list

Beauty & personal care retailers

Cosmetics, skincare and haircare brands and online beauty stores.

  1. Nykaa

    Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

    Beauty tech
    See in list
  2. Purplle

    Brand of beauty and cosmetic products

    Beauty tech
    See in list
  3. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list
  4. HipHop Skin Care

    Provider of a range of natural and innovative skincare products

    Beauty & personal care products
    Website
  5. Plum

    Internet first brand of vegan skincare, haircare, body care, and fragrance products

    Beauty tech
    Website

Online shopping & e-commerce marketplaces

Multi-category online stores, marketplaces and internet-first brands.

  1. Infra.Market

    Provider of diverse building and construction materials for project lifecycles

    Construction tech
    See in list
  2. Nykaa

    Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

    Beauty tech
    See in list
  3. Zepto

    Application-based platform offering on demand grocery delivery service

    Online grocery
    See in list
  4. Apparel Group

    Provider of an e-commerce platform for online shopping

    Horizontal e-commerce
    See in list
  5. Faces

    Online retailer of cosmetics, skin care, makeup, fragrance, and accessories

    Beauty & personal care products
    See in list

B2B e-commerce & e-commerce enabler companies

Wholesale platforms, logistics and software helping businesses sell online.

  1. SG Mart

    Provider of building material procurement solutions

    Construction tech
    See in list
  2. XpressBees

    Provider of end-to-end logistics delivery and courier solutions

    Logistics tech
    See in list
  3. ElasticRun

    Platform offering rural B2B E-commerce and logistics

    E-commerce enablers
    See in list
  4. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  5. ArisInfra

    Provider of an online platform for construction materials procurement and supply

    Construction tech
    Website

Home improvement, furniture & electronics retailers

Sellers of furniture, home decor, kitchen products and consumer electronics.

  1. Imagine Marketing

    Provider of consumer electronics products, specifically focus on lifestyle and audio accessories

    Consumer electronics e-commerce
    See in list
  2. Electronics Bazaar

    Platform offering multi-category refurbished computers and accessories

    Consumer electronics e-commerce
    See in list
  3. Servify

    AI powered product lifecycle management platform

    Consumer electronics e-commerce
    Website
  4. OneAssist

    Provider of protection plans and repair services for electronic devices

    Consumer electronics e-commerce
    Website
  5. The Sleep Company

    Platform offering smart mattresses and bedding accessories

    Home furnishing products
    Website

Baby care, pet & gifting retailers

Stores for baby products, pet supplies, toys and gifts.

  1. FirstCry

    Online retailer offering a range of baby, kids, and maternity products

    Online mom & baby care
    See in list
  2. Hopscotch

    Internet first brand offering kids and baby products

    Mom & baby care
    Website
  3. Imagimake

    Provider of a educational and fun toys and games for children

    Mom & baby care
    Website
  4. SuperBottoms

    Online platform offering reusable cloth diapers and baby essentials

    Online mom & baby care
    Website
  5. Credence Rewards

    Internet first brand of digital and physical gift cards

    Online gifting
    Website

Retail startups in Maharashtra

Recently founded retail companies in Maharashtra.

  1. SG Mart

    Provider of building material procurement solutions

    Construction tech
    See in list
  2. ArisInfra

    Provider of an online platform for construction materials procurement and supply

    Construction tech
    Website
  3. Saraswati Saree Depot

    Wholesaler of women ethnic wear garments

    Wholesalers
    Website
  4. FollowG

    B2B solutions for the mobile and electronics retail sector

    B2b e-commerce
    Website
  5. Foxtale

    Online brand of skincare, face, lip, body care, and perfume products

    Beauty & personal care products
    Website
593 companies in Maharashtra

Listed retail companies in Maharashtra

Publicly listed retail companies in Maharashtra.

  1. DMart

    Retail chain of multi-category products

    Retail chains
    See in list
  2. ABFRL

    Retail chain of premium lifestyle apparels

    Retail chains
    See in list
  3. Pantaloons

    Multi Brand Premium Fashion Retailer

    Retail chains
    See in list
  4. Nykaa

    Retailer of cosmetics, skincare, haircare, and beauty accessories via online channels

    Beauty tech
    See in list
  5. FirstCry

    Online retailer offering a range of baby, kids, and maternity products

    Online mom & baby care
    See in list
42 companies in Maharashtra
Mobile reach

Top 10 retail apps from Maharashtra

The most-installed Android apps published by retail companies headquartered in Maharashtra — 497.3M installs between them. 336 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Zepto: Groceries in minutes

by Zepto

Installs133.8M
Rating4.664.5M ratings
Installs, year on year+35%
Last updatedJun 2026
View on Google Play ↗
Zepto: Groceries in minutes screenshot 1Zepto: Groceries in minutes screenshot 2Zepto: Groceries in minutes screenshot 3Zepto: Groceries in minutes screenshot 4Zepto: Groceries in minutes screenshot 5Zepto: Groceries in minutes screenshot 6
2

Purplle Online Beauty Shopping

by Purplle

Installs86.8M
Rating3.58347K ratings
Installs, year on year+41%
Last updatedMay 2026
View on Google Play ↗
Purplle Online Beauty Shopping screenshot 1Purplle Online Beauty Shopping screenshot 2Purplle Online Beauty Shopping screenshot 3Purplle Online Beauty Shopping screenshot 4Purplle Online Beauty Shopping screenshot 5Purplle Online Beauty Shopping screenshot 6
3

Nykaa Fashion – Shopping App

by Nykaa Fashion

Installs70.9M
Rating4.73301K ratings
Installs, year on year+31%
Last updatedMay 2026
View on Google Play ↗
Nykaa Fashion – Shopping App screenshot 1Nykaa Fashion – Shopping App screenshot 2Nykaa Fashion – Shopping App screenshot 3Nykaa Fashion – Shopping App screenshot 4Nykaa Fashion – Shopping App screenshot 5Nykaa Fashion – Shopping App screenshot 6
4

Tata CLiQ Fashion Shopping

by Tata CLiQ

Installs69.1M
Rating4.31346K ratings
Last updatedMay 2026
View on Google Play ↗
Tata CLiQ Fashion Shopping screenshot 1Tata CLiQ Fashion Shopping screenshot 2Tata CLiQ Fashion Shopping screenshot 3Tata CLiQ Fashion Shopping screenshot 4Tata CLiQ Fashion Shopping screenshot 5Tata CLiQ Fashion Shopping screenshot 6
5

Tizi Princess Home Design Game

by IDZ Digital

Installs56.4M
Rating4.56107K ratings
Installs, year on year+11%
Last updatedApr 2026
View on Google Play ↗
Tizi Princess Home Design Game screenshot 1Tizi Princess Home Design Game screenshot 2Tizi Princess Home Design Game screenshot 3Tizi Princess Home Design Game screenshot 4Tizi Princess Home Design Game screenshot 5Tizi Princess Home Design Game screenshot 6
6

Tira: Online Beauty Shopping

by Tira

Installs19.2M
Rating4.339K ratings
Last updatedJun 2026
View on Google Play ↗
Tira: Online Beauty Shopping screenshot 1Tira: Online Beauty Shopping screenshot 2Tira: Online Beauty Shopping screenshot 3Tira: Online Beauty Shopping screenshot 4Tira: Online Beauty Shopping screenshot 5Tira: Online Beauty Shopping screenshot 6
7

CoutLoot Swipe: Shopping App

by CoutLoot

Installs16.8M
Rating4.7231K ratings
Installs, year on year+13%
Last updatedMay 2026
View on Google Play ↗
CoutLoot Swipe: Shopping App screenshot 1CoutLoot Swipe: Shopping App screenshot 2CoutLoot Swipe: Shopping App screenshot 3CoutLoot Swipe: Shopping App screenshot 4CoutLoot Swipe: Shopping App screenshot 5
8

Hopscotch - Kids Fashion Brand

by Hopscotch

Installs15.3M
Rating3.6691K ratings
Installs, year on year+20%
Last updatedMay 2026
View on Google Play ↗
Hopscotch - Kids Fashion Brand screenshot 1Hopscotch - Kids Fashion Brand screenshot 2Hopscotch - Kids Fashion Brand screenshot 3Hopscotch - Kids Fashion Brand screenshot 4Hopscotch - Kids Fashion Brand screenshot 5Hopscotch - Kids Fashion Brand screenshot 6
9

Craftsvilla - Shop Indian

by Craftsvilla

Installs15.0M
Rating4.068K ratings
Installs, year on year+1%
Last updatedMar 2025
View on Google Play ↗
Craftsvilla - Shop Indian screenshot 1Craftsvilla - Shop Indian screenshot 2Craftsvilla - Shop Indian screenshot 3Craftsvilla - Shop Indian screenshot 4Craftsvilla - Shop Indian screenshot 5Craftsvilla - Shop Indian screenshot 6
10

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
The business behind the activity

Retail financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 949 retail companies in Maharashtra for FY24-25 — 1,223 of the 4,314 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 73% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹474,515.59 cr

949 companies filing accounts

combined net profit₹10,398.26 cr

2.2% aggregate margin

are profitable52%

492 of 949 companies

median revenue~₹5.2 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five73%

revenue concentration

Six-year view

Combined revenue of filing companies

₹225,845.23 crFY19-20675 filers
₹224,139.58 crFY20-21756 filers
₹308,589.62 crFY21-22833 filers
₹372,389.75 crFY22-23925 filers
₹451,222.59 crFY23-24997 filers
₹474,515.59 crFY24-25949 filers

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

Like-for-like

The same 773 companies over three years

+19%
FY22-23₹362,100.46 cr₹5,229.82 cr net
FY23-24₹401,873.31 cr₹8,365.82 cr net
FY24-25₹432,245.73 cr₹10,589.26 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 cr29924% profitable
₹1–10 cr25850% profitable
₹10–100 cr23570% profitable
₹100–1,000 cr12478% profitable
Over ₹1,000 cr3382% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking297
0–20%177
20–50%151
50–100%109
Doubled+144

878 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

492profitable
455loss-making
2.2%aggregate margin
0.2%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
compuindia.comAMIABLE ELECTRONICS PRIVATE LIMITED
DemeDEMEBYGABRIELLA FASHION PRIVATE LIMITED+819%₹18.51 cr
EridaniEridani Fashions Private Limited₹12.81 cr
ClaycoCLAYCO COSMETICS PRIVATE LIMITED+533%₹33.00 cr
KultKULT APP PRIVATE LIMITED+444%₹41.16 cr
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
ICCTHE INDIAN CARD CLOTHING COMPANY LIMITED114.9%
StylsmythSTYLSMYTH VENTURES PRIVATE LIMITED48.9%₹16.57 cr
InorbitINORBIT MALLS (INDIA) PRIVATE LIMITED42.2%₹426.39 cr
Bharat Diamond BourseBHARAT DIAMOND BOURSE38.0%₹192.06 cr
CravatexCRAVATEX LIMITED33.9%
PAC CosmeticsPAC COSMETICS PRIVATE LIMITED₹84.58 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Retail chains26₹339,722.99 cr~₹281.8 cr62%3.1%
Wholesalers69₹63,645.17 cr~₹91.5 cr88%0.6%
Contract manufacturers25₹13,082.18 cr~₹52.6 cr88%4.1%
Retailers55₹7,899.51 cr~₹28.0 cr76%5.0%
Construction tech8₹6,859.89 cr~₹7.8 cr50%1.7%
Consumer electronics e-commerce30₹5,686.07 cr~₹18.6 cr77%1.0%
E-commerce enablers30₹4,995.31 cr~₹85 lakh30%-2.9%
Beauty tech93₹4,322.33 cr~₹3.7 cr38%-7.2%
Leaders

Largest retail companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Reliance RetailReliance Retail Limited₹271,227.00 cr₹9,973.00 cr3.7%+5%
SavexSAVEX TECHNOLOGIES PRIVATE LIMITED₹26,671.64 cr₹82.82 cr0.3%-1%
CromaINFINITI RETAIL LIMITED₹19,228.02 cr−₹1,090.79 cr-5.7%+7%
TrentTRENT LIMITED₹16,997.48 cr9.3%+38%
Diamond IndiaDIAMOND INDIA LIMITED₹10,893.68 cr₹25.18 cr0.2%+51%
Vijay SalesVIJAY SALES (INDIA) PRIVATE LIMITED₹10,632.60 cr₹414.90 cr3.9%+22%
Shree Ramkrishna ExportsSHREE RAMKRISHNA EXPORTS PRIVATE LIMITED₹7,642.82 cr₹188.00 cr2.5%-6%
Infra.MarketHELLA INFRA MARKET LIMITED₹6,202.70 cr₹132.96 cr2.1%+16%
ABFRL, PantaloonsADITYA BIRLA FASHION AND RETAIL LIMITED₹5,807.07 cr−₹127.53 cr-2.2%+9%
Shoppers StopSHOPPERS STOP LIMITED₹4,488.56 cr₹6.74 cr0.2%+5%
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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

Retail Industry Landscape of India

The financials above are one chapter. The full retail landscape of Maharashtra 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 landscape of Maharashtra
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 funding and M&A across India

5,650 recorded equity rounds have gone to 29,697 retail companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months217

US$934.37m

equity rounds, last 24 months671

US$3.21bn

raised over five yearsUS$23.91bn

2,901 rounds in India

M&A deals, Maharashtra77

last 24 months

Capital by year

Equity funding into retail in India

amount rounds
$2.0bn2018341
$3.6bn2019434
$7.7bn2020383
$10bn2021619
$4.3bn2022664
$4.1bn2023547
$2.5bn2024501
$2.2bn2025438
$580m2026132

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2021, with US$10.31bn across 619 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$153.60m487 rounds · median US$100k
SeedUS$1.36bn1,536 rounds · median US$438k
Series AUS$2.65bn429 rounds · median US$3.87m
Series BUS$2.42bn192 rounds · median US$6.50m
Series CUS$2.11bn96 rounds · median US$20.00m
Series D+US$8.61bn147 rounds · median US$23.00m
Private equityUS$1.26bn3 rounds · median US$250.00m
Where the money went · five years

Most-funded sub-sectors

Horizontal e-commerceUS$5.93bn74 rounds · 36 companies
B2b e-commerceUS$2.47bn179 rounds · 76 companies
Fashion techUS$1.88bn470 rounds · 227 companies
Construction techUS$1.51bn38 rounds · 13 companies
Retail chainsUS$1.41bn35 rounds · 18 companies
Beauty techUS$1.41bn262 rounds · 108 companies
E-commerce enablersUS$1.33bn178 rounds · 87 companies
Corporate activity · last 24 months

M&A in Maharashtra

73Acquisition
4Merger

Most active acquirers

  1. Reliance retail18
  2. Nykaa6
  3. TCC Concept Limited5
  4. Jsw one3
  5. Godrej consumer products3

Most acquired or merged

  1. Pepperfry5
  2. Muuchstac4
  3. Shogini Technoarts3
  4. MindGate Solutions3
  5. Nudge Wellness2

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

Go deeper in the retail landscape reports:

Retail Industry Landscape of India

Retail funding in Maharashtra

334 retail companies in Maharashtra have recorded equity funding, US$13.13bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind retail companies in Maharashtra. 2,067 of 4,314 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra retail companies by sub-sector

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

Keep exploring retail in India and nearby markets.

Coming soon