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Company Overview
Founded in 2015 by Shri Atul Garg and Shri Sushil Kumar Karwa, Bazar India aims to serve middle and lower-middle-income groups by offering quality products at reasonable prices. It is one of India’s leading and fastest-growing fashion and lifestyle retail brands, positioning itself as a “ONE STOP SHOP” for the entire family’s fashion needs under the motto “FASHION KE SAATH BACHAT BHI.”
Growth and Reach: Bazar India operates 55 stores across 51 cities in 13 states, covering a retail area of approximately 460,000 square feet. It has a strong presence in Eastern India, particularly in the North East. The company collaborates with renowned brands like Columbus, providing customers with a variety of sports footwear at competitive prices.
Milestones:
- 2015: Bazar India opened its first store in Patna, Bihar, followed by its 10th store in Cuttack, Odisha.
- 2016: Acquired a centralized warehouse in Gurgaon.
- 2018: Converted from an LLP to a public limited company, renamed Mayasheel Retail India Limited.
- 2019: Opened its 50th store in Udaipur, Tripura, and achieved a revenue milestone of INR 418 crore.
- 2022: Formed an alliance with Columbus for a diverse range of sports footwear.
Vision and Mission: Bazar India is committed to delivering value fashion, maintaining accountability to business partners, and showing compassion towards society and the environment. The company strives to create value for customers, shareholders, and the entire ecosystem.
Leadership: The leadership team includes:
- Mr. Atul Garg: Managing Director
- Mr. Sunil Karwa: Executive Director
- Mr. Sushil Karwa: Executive Director
- Mr. Parthy Purani: Executive Director
- Mr. Puneet Kalani: Executive Director
- Mrs. Neha Garg: Non-Executive Director
- Ms. Mala Thapar: Independent Director
- Mr. Sandeep Verma: Independent Director
- Mr. Sanjeev Agarwal: Chief Financial Officer
- Ms. Shwetambery Khurana: Company Secretary
Fundamentals
| Current Price | ₹ 275 | Debt to Equity | 0.39 |
| Market Cap | ₹ 3535.13 Cr. | Face Value | ₹ 2 |
| Book Value | ₹ 79.48 | Stock P/E | – |
| P/B | 3.46 | P/E Ratio | 22.38 |
| PAN Number | AACCB0943N | EPS | 12.29 |
| ISIN | INE257H01021 | No. of Shares | 25.71 Cr. |
Promoters & Managements
| Mr. Atul Garg | Managing Director |
| Mr. Sunil Karwa | Executive Director |
| Mr. Sushil Karwa | Executive Director |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Bazar India shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Bazar India shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Bazar India shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Bazar India shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Bazar India Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Bazar India most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Bazar India Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Bazar India shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
