Company Intelligence Profile
Inmart Commerce Private Limited
Inmart Commerce Private Limited operates AADAR, a Mumbai-based, science-backed Ayurvedic D2C wellness brand founded in 2018 by Aadil Shah (CEO & Founder).
Last updated 17 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Inmart Commerce Private Limited |
|---|---|
| CIN | U74120MH2016PTC271945 |
| PAN | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) |
| Status | Active |
| Listing | Unlisted (private limited company; no stock exchange listing) |
| Incorporated | 11 January 2016 |
| ROC | RoC Mumbai (RoC-Mumbai I) |
| Sector (NIC) |
|
| Registered address | B2/405, DSK Madhuban Bldg B-1, Mtr Rm No. 1, Opp. Orkey Mill, Andheri Kurla Road, Andheri (East), Mumbai, Maharashtra – 400072 |
| Authorized capital | ₹20 Lakh |
| Paid-up capital | ₹12.86 Lakh |
Business Overview
Confirmed- Inmart Commerce Private Limited operates AADAR, a Mumbai-based, science-backed Ayurvedic D2C wellness brand founded in 2018 by Aadil Shah (CEO & Founder)
- AADAR sells ayurvedic/herbal supplements and topical products across men's sexual health & stamina (Performance, Extra Time, Endure, Straight Up capsules/oil), fitness & strength (Power Build, Omega-3), digestive & detox (Relax Pro), women's wellness (Good Period, Pleasure), diabetes care (Jeevani), weight management, and joint/pain relief (Ortho Sure), plus a newly launched Himalayan Shilajit resin line
- Products are sold via its own D2C site (aadar.co), marketplaces (Amazon, 1mg, Netmeds), and IndiaMART/B2B channels
- The company is recognised as a DPIIT startup
- It claims "50,000+ happy customers," FDA/FSSAI approval and GMP-certified manufacturing (self-reported marketing claims, not independently verified)
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Aadil Manakbhai Shah | 07256174 | Director | 11 Jan 2016 |
| Monaben Manakbhai Shah | 06705482 | Additional Director | 02 Nov 2023 |
GST Registrations
Partial / conflicting| GSTIN | State | PAN | Status |
|---|---|---|---|
| 27AAECI0926N1ZC | Maharashtra | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) | Active |
| 06AAECI0926N1ZG | Haryana | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) | - |
| 07AAECI0926N1ZE | Delhi | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) | - |
| 19AAECI0926N1Z9 | West Bengal | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) | - |
| 29AAECI0926N1Z8 | Karnataka | AAECI0926N (derived from the 3rd–12th characters of GSTIN 27AAECI0926N1ZC per standard GSTIN structure; not independently confirmed on a dedicated PAN-lookup source) | Active |
Primary GSTIN (home state, Maharashtra): 27AAECI0926N1ZC — Active/Regular, registered 21 Sep 2017, principal place of business: 1st Floor, B-122, Eastern Business District, LBS Marg, Bhandup West, Mumbai 400078; HSN 3004 (medicaments); returns filed regularly through GSTR-1/3B up to June 2026, compliance flagged "Yellow" (late GSTR-1 filings noted) (source: gst.jamku.app, primary GSTIN record — confirmed). PAN across all registrations: AAECI0926N. Additional active GSTINs on the same PAN found via search-indexed listings (not independently opened, so partial confidence): 06AAECI0926N1ZG (Haryana), 07AAECI0926N1ZE (Delhi), 19AAECI0926N1Z9 (West Bengal), 29AAECI0926N1Z8 (Karnataka) — total 5 active state registrations identified. Home state: Maharashtra.
Financials
Partial / conflicting- FY2025 (year ended 31 March 2025, standalone — no consolidation evidence found): Revenue ₹77.09 Lakh, down 29% YoY (implying FY2024 revenue of roughly ₹1.09 Cr)
- EBITDA, PAT, net worth and borrowings are gated behind thecompanycheck's paid report and were not obtainable from free sources — "not obtained." Last AGM held 30 Sep 2025; last balance sheet date 31 Mar 2025; auditor MDK & Co for FY2023
- Note: Tracxn separately lists AADAR's employee count as 1,537 (Apr 2025) and revenue bucket "₹0–10 Cr" — the headcount figure looks implausible against a ~₹77 Lakh revenue base and is flagged as a likely data-quality issue on Tracxn rather than a reliable figure; not used in this profile
Funding
Confirmed- AADAR (the brand, this legal entity) has raised total funding of $744K across 5 rounds per Tracxn
- The confirmed, independently-sourced round: a $250,000 seed round announced Jan 2020, led by Sprout Venture Partners with participation from LetsVenture-platform angels and JITO Angel/Incubation Network — corroborated by 5 independent outlets
- Tracxn additionally lists a first funding event on 29 Jan 2019 and a latest "Angel" round on 5 Jul 2022 with ~9 participants (9 investors total across institutional + ~20 angel investors), but exact amounts for rounds beyond the 2020 seed are paywalled/obfuscated on Tracxn and are NOT reported here as figures
- Investors named across sources: Sprout Venture Partners, LetsVenture (platform), JITO Incubation & Innovation Foundation/JITO Angel Network, Artha Venture Fund
Charges & Borrowings
ConfirmedNo charges (secured borrowings) registered with the Registrar of Companies — confirmed.
Competitors
ConfirmedFrequently Asked Questions
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