Company lists
The Mumbai edition · 2026

Retailcompanies in Mumbai

Fashion-beauty, marketplaces, retailers, electronics-home, baby-gifting-pet and more: the companies building retail in Mumbai, Maharashtra, with their founders, funding, team size and business models.

3,013 company profiles825 with reported revenue256 with recorded fundingSeptember 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent retail business events in Mumbai

Funding, M&A, contract wins and launches involving 4,010 retail companies in Mumbai, last 24 months: 70 M&A deals · 61 funding rounds · 32 launches · 32 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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
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

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 · 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 · 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
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
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
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
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
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
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

TCC Concept Limited acquires Pepperfry

Shardul Amarchand Mangaldas & Co. (SAM) advised Norwest Venture Partners on the divestment of its 100% stake in Pepperfry Limited to TCC Concept Limited (an Indian listed entity).

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
M&AAcquisition · Pending

Tata consumer products acquires Danone india

2 months ago Tata Consumer Products’ (TCPL) proposed acquisition of Danone India has hit a roadblock with negotiations stalling after it failed to align with TCPL’s strategic…

FundingPre-seed

A47

A47 today announced that it has raised USD 2 million in pre-seed funding to accelerate the development of an AI-native news platform designed to fundamentally change how people discover,…

Investors Na
News

Retail companies in Mumbai, by revenue

Browse retail companies in Mumbai 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 825 retail companies in Mumbai, 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

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

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

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

Consumer electronics e-commerce
₹3,097.81 crFY 2024-25
-1%2024–2025
—Not available
12 yr2014
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

Vertically integrated diamond and jewelry manufacturing company

Contract manufacturers
₹2,292.37 crFY 2022-23
Not reported
156LinkedIn · Jul 2026
60 yr1966
0none in 3 months
50 of 3,013 companies shown here · the full list is on Radar
Fliar Radar

Explore all 3,013 retail companies in Mumbai on Radar

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

Open retail in Mumbai on Radar
  • Every company, not just 50All 3,013 retail companies in Mumbai, 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 Mumbai by what you are looking for

Mumbai's retail companies range from fashion and beauty e-commerce brands to online marketplaces, retail chains, and in-store retail tech, so use this page to find retail startups in Mumbai or retail companies hiring in Mumbai by what you actually need.

9 ways to explore retail in Mumbai

Fashion, apparel & beauty e-commerce companiesOnline marketplaces & wholesale platformsRetail chains & local retailersConsumer electronics & home retail companiesBaby, gifting & pet retail companiesIn-store retail technology & payments companies

Fashion, apparel & beauty e-commerce companies

Online retailers and internet-first brands selling apparel, beauty, and personal care products.

  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. Anja Jewels

    Manufacturer, wholesaler, and retailer of jewelry products

    Fashion tech
    Website
  5. Blue Star Diamonds

    Online retailer of diamond products

    Materials tech
    Website

Online marketplaces & wholesale platforms

B2B and B2C e-commerce marketplaces, wholesale platforms, and online grocery companies.

  1. Nykaa

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

    Beauty tech
    See in list
  2. JSW One MSME

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

    Manufacturing tech
    See in list
  3. Zepto

    Application-based platform offering on demand grocery delivery service

    Online grocery
    See in list
  4. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  5. D.Navinchandra

    Provider of certified, non-certified, and rough diamonds for jewelers and traders

    B2b e-commerce
    See in list

Retail chains & local retailers

Multi-store retail chains, internet-first retail brands, and local retail service providers.

  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. More Store

    Operator of supermarkets and online grocery services

    Retail chains
    See in list

Consumer electronics & home retail companies

Online retailers of consumer electronics and home improvement, furnishing, and care products.

  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
    See in list
  4. OneAssist

    Provider of protection plans and repair services for electronic devices

    Consumer electronics e-commerce
    See in list
  5. The Sleep Company

    Platform offering smart mattresses and bedding accessories

    Home furnishing products
    Website

Baby, gifting & pet retail companies

Retailers of baby and kids products, gifting items, and pet supplies, plus coupon and deals platforms.

  1. Petsy

    Online retailer offering multi-category pet products

    Pet tech
    See in list
  2. Imagimake

    Provider of a educational and fun toys and games for children

    Mom & baby care
    Website
  3. AllThingsBaby

    E-commerce platform specializing in premium baby and maternity products

    Mom & baby care
    Website
  4. Interflora

    Online gifting platform for flowers

    Online gifting
    Website
  5. Ek Matra

    E-distributor offering corporate gifting for enterprises

    Online gifting
    Website

In-store retail technology & payments companies

Providers of point-of-sale systems, retail operations software, and payment technology for retailers.

  1. Creative Newtech

    Provider of software suite solutions for B2B

    E-commerce enablers
    See in list
  2. Retail Scan

    Provider of retail audit and customized in-store services

    Brands tech
    Website
  3. Powerweave

    Web development and technology solutions

    B2b e-commerce
    Website
  4. Evolute

    Provider of hardware and software solutions for different industries

    Payments
    Website
  5. Nido Automation

    Autonomous material flow solutions for e-commerce businesses

    B2b e-commerce
    Website

Retail startups in Mumbai

Newer retail companies founded in the last five years across e-commerce, fashion, and retail tech.

  1. ArisInfra

    Provider of an online platform for construction materials procurement and supply

    Construction tech
    See in list
  2. Foxtale

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

    Beauty & personal care products
    Website
  3. Character Cosmetics

    Internet first brand offering color cosmetics

    Beauty tech
    Website
  4. JewelCasa

    The platform offers digital gold jewellery

    B2b e-commerce
    Website
  5. DukaanDost

    Online B2B platform offering raw materials for fashion businesses

    Fashion tech
    Website
411 companies in Mumbai

Retail companies hiring in Mumbai

Retail companies in Mumbai that are actively hiring across e-commerce, operations, and store teams.

  1. Reliance Retail

    Retail chain offering diversified products

    Retail chains
    See in list
  2. Tata Digital

    Provider of integrated digital ecosystem and financial services platform

    Horizontal e-commerce
    See in list
  3. Croma

    Retail chain of consumer electronics and durable goods

    Retail chains
    See in list
  4. Shoppers Stop

    Retailer of large format fashion and lifestyle products

    Retail chains
    See in list
  5. DMart Ready

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

    Retail chains
    See in list
37 companies in Mumbai

Publicly listed retail companies in Mumbai

Publicly traded retail companies headquartered in Mumbai, spanning e-commerce and retail chains.

  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. Asian Star

    Manufacturer and exporter of diamonds and jewellery products

    Contract manufacturers
    See in list
35 companies in Mumbai
Mobile reach

Top 10 retail apps from Mumbai

The most-installed Android apps published by retail companies headquartered in Mumbai — 494.9M installs between them. 220 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

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
9

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
10

Mirraw: Online Shopping App

by Mirraw

Installs12.9M
Rating4.6432K ratings
Last updatedApr 2026
View on Google Play ↗
Mirraw: Online Shopping App screenshot 1Mirraw: Online Shopping App screenshot 2Mirraw: Online Shopping App screenshot 3Mirraw: Online Shopping App screenshot 4Mirraw: Online Shopping App screenshot 5Mirraw: Online Shopping App screenshot 6
The business behind the activity

Retail financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 703 retail companies in Mumbai, Maharashtra for FY24-25 — 903 of the 3,013 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 77% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹448,948.27 cr

703 companies filing accounts

combined net profit₹10,155.02 cr

2.3% aggregate margin

are profitable50%

355 of 703 companies

median revenue~₹6.5 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five77%

revenue concentration

Six-year view

Combined revenue of filing companies

₹218,410.68 crFY19-20508 filers
₹216,759.46 crFY20-21570 filers
₹291,929.74 crFY21-22618 filers
₹352,826.12 crFY22-23686 filers
₹426,754.96 crFY23-24736 filers
₹448,948.27 crFY24-25703 filers

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

Like-for-like

The same 576 companies over three years

+20%
FY22-23₹344,258.27 cr₹5,929.40 cr net
FY23-24₹385,303.24 cr₹8,565.89 cr net
FY24-25₹413,386.87 cr₹10,447.00 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 cr21023% profitable
₹1–10 cr18244% profitable
₹10–100 cr18470% profitable
₹100–1,000 cr10075% profitable
Over ₹1,000 cr2785% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking215
0–20%132
20–50%121
50–100%77
Doubled+105

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

Profitability

Profit is concentrated at the top

355profitable
348loss-making
2.3%aggregate margin
0.1%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
DemeDEMEBYGABRIELLA FASHION PRIVATE LIMITED+819%₹18.51 cr
EridaniEridani Fashions Private Limited₹12.81 cr
ClaycoCLAYCO COSMETICS PRIVATE LIMITED+533%₹33.00 cr
Fire BolttBOLTT GAMES PRIVATE LIMITED+440%₹136.50 cr
Lyla BlancLYLA BLANC PRIVATE LIMITED
LuxepolisLUXEPOLIS RETAIL SERVICES PRIVATE LIMITED+219%
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
StylsmythSTYLSMYTH VENTURES PRIVATE LIMITED48.9%₹16.57 cr
InorbitINORBIT MALLS (INDIA) PRIVATE LIMITED
Bharat Diamond BourseBHARAT DIAMOND BOURSE38.0%₹192.06 cr
CravatexCRAVATEX LIMITED33.9%
PAC CosmeticsPAC COSMETICS PRIVATE LIMITED₹84.58 cr
CanvsCANVS CREATIVE SOLUTIONS PRIVATE LIMITED
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Retail chains24₹338,119.91 cr~₹281.8 cr62%3.1%
Wholesalers54₹58,949.38 cr~₹90.1 cr87%0.5%
Contract manufacturers19₹12,572.18 cr~₹91.6 cr84%3.2%
Retailers38₹6,234.14 cr~₹48.7 cr74%5.3%
Consumer electronics e-commerce23₹5,547.77 cr~₹42.6 cr74%1.0%
Fashion tech136₹3,877.85 cr~₹2.2 cr51%-1.7%
Beauty tech75₹3,721.61 cr~₹4.7 cr33%-9.1%
Horizontal e-commerce19₹2,295.08 cr~₹2.9 cr32%-12.6%
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%
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%
Mahendra BrothersMAHENDRA BROTHERS EXPORTS PRIVATE LIMITED₹4,171.32 cr₹24.50 cr0.6%-14%
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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 Mumbai 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 Mumbai
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 Mumbai 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, Mumbai70

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 Mumbai

66Acquisition
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. MindGate Solutions3
  4. Nudge Wellness2
  5. Ed-a-mamma2

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

Retail funding in Mumbai

256 retail companies in Mumbai have recorded equity funding, US$10.62bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind retail companies in Mumbai. 1,540 of 3,013 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai retail companies by sub-sector

The most common specialisations among retail companies in Mumbai. 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