Company Intelligence Profile
Bhagwandas Retail Private Limited
Noida-based B2B wholesale marketplace (brand: Lal10) connecting Indian artisans and MSMEs to global apparel/home-furnishing buyers.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Bhagwandas Retail Private Limited |
|---|---|
| CIN | U74120UP2014PTC065536 |
| PAN | AAGCB0517N (source: Tofler; consistent with GSTIN prefix 09AAGCB0517N1ZK) |
| Status | Active (Private, Non-government company), DPIIT-recognised startup |
| Listing | Unlisted |
| Incorporated | 19 August 2014 (per Tofler and TheCompanyCheck; one aggregated search snippet said "19 Dec 2014" but this appears to be a transcription error — 2 of 2 direct-fetch sources agree on 19 Aug 2014) |
| ROC | RoC Kanpur (Uttar Pradesh) |
| Sector (NIC) | E-Commerce / Retail Trading; NIC classification varies by source — Tofler shows "Business Services / Retail Trading," one aggregator shows "Accounting, Book-Keeping and Auditing Activities; Tax Consultancy" (likely a stale/incorrect NIC code on file with MCA, not reflective of actual Lal10 business, which is apparel/home-furnishing B2B marketplace and export trading of jute bags, handloom fabric, sarees per IndiaMART/ExportersIndia listings) |
| Registered address | A-77, Gail Apartment, Block B-9/1, Sector-62, Gautam Buddha Nagar, Noida, Uttar Pradesh, India - 201309 (registered office per MCA filings; operational "House of Lal10" office listed separately at B-70, Sector-67, Noida) |
| Authorized capital | INR 14,00,000 (Rs. 14 lakh) |
| Paid-up capital | INR 2,25,117 (Rs. 2.25 lakh) — confirmed across Tofler, TheCompanyCheck, and WebSearch aggregation |
Business Overview
Confirmed- Trading as "Lal10" (pronounced "lalten"/lantern), the company operates an online B2B wholesale marketplace founded in 2017 by Maneet Gohil, Sanchit Govil and Albin Jose, though the corporate entity was incorporated in 2014
- Lal10 connects Indian rural artisans and MSMEs (reported figures range 1,800-8,700+ artisans/SMEs across 23-28 districts/states, depending on source and date) with global buyers/brands/retailers, offering ~30,000 SKUs (apparel, handbags, home furnishings, lampshades) with low-MOQ, ready-to-ship sourcing and shipping to 18+ countries
- The company is also a manufacturer/trader/exporter of jute bags, wooden puzzles, hand-loom sarees, handloom fabric and cushion covers (per IndiaMART/ExportersIndia trade listings)
- Positions itself as a "manufacturing enablement platform" supporting 2,292+ MSMEs with reported $600M annual production capacity across 7 production centers
- Source: lal10.com, YourStory, TheCompanyCheck
Directors
Partial / conflictingBoard (per Tofler/TheCompanyCheck, partial DIN coverage): (1) Sanchit Govil, DIN 07442763, Director since 5 May 2016 — co-founder; (2) Maneet M Gohil, DIN 06921858, Director since 19 Aug 2014 — co-founder; (3) Albin Anto Jose, DIN 10366871, Director since 15 Dec 2023 — co-founder, also common director at Rojo Designs Private Limited; (4) Eva Helene Yazhari, DIN 10402807, Nominee Director since 15 Dec 2023 (likely representing an investor, e.g. Beyond Capital Ventures/Sorenson Impact — not confirmed). DINs sourced from Tofler only (single source; treat as partial/unconfirmed pending a second corroborating source such as MCA-derived aggregators).
GST Registration
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 09AAGCB0517N1ZK | Uttar Pradesh | AAGCB0517N (source: Tofler; consistent with GSTIN prefix 09AAGCB0517N1ZK) | Active |
Primary GSTIN: 09AAGCB0517N1ZK (state code 09 = Uttar Pradesh), status Active — sourced via WebSearch aggregation citing PAN-matched GST record; not independently verified on a dedicated knowyourgst/findgst individual GSTIN page, so rated partial. PAN AAGCB0517N matches the GSTIN prefix, giving cross-consistency. Number of state registrations beyond UP: not obtained.
Financials
Partial / conflicting- FY2024 (year ended 31 Mar 2024): Revenue ~INR 14.37 Cr (reported down ~46% YoY per TheCompanyCheck)
- FY2025 (year ended 31 Mar 2025): Revenue in the INR 10-50 Cr band (broad range only, per aggregated search/IndiaFilings-style source) — not precise enough to confirm exact figure
- EBITDA, PAT, net worth and total borrowings figures were behind a paywall/"locked" on TheCompanyCheck and not obtained elsewhere — reported as "not obtained." Standalone vs consolidated basis not specified in available sources
- Auditor: RSMA & Company (FY2023, per TheCompanyCheck)
Funding
Partial / conflicting- Lal10 (the brand, corporate entity presumed to be Bhagwandas Retail Pvt Ltd) has raised a total of ~$7.11M across 7 rounds from 58 investors (per Tracxn/WebSearch aggregation)
- Seed round: $4M in May 2022, led by Yuj
- Earlier Seed participation from Sorenson Impact (first investment Aug 2019)
- Latest disclosed round: Series A on 6 Oct 2023, amount undisclosed, lead investor Beyond Capital Ventures, 4 participants
- Total of 32 institutional investors reported
- Figures are Tracxn-sourced (used here only for round names/investor names per instructions) and not cross-verified against a primary filing — treat as partial
Charges & Borrowings
Partial / conflicting- Per TheCompanyCheck: Open charges totaling ~INR 4.01 Cr
- satisfied/closed charges ~INR 2.65 Cr
- most recent charge of INR 1 Cr created 26 Dec 2023, status Open
- Lender name(s) not obtained (would require MCA charge filing detail, which is a blocked source per instructions)
Competitors
ConfirmedB2B/B2C artisan and handicraft marketplace peers (per Tracxn/WebSearch aggregation): GoCoop (similar B2B artisan-to-retailer marketplace, comparable early-stage scale), Okhai (women-artisan-led B2C/B2B brand, similar scale), iTokri (handicraft/handloom B2C marketplace), The India Craft House (B2B artisan sourcing platform), AuthIndia (artisan/craft marketplace), and Amazon Karigar (large-platform artisan program under Amazon, much larger scale as a sub-vertical of a big-tech marketplace).
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