Company Intelligence Profile
Qans Consumer Products Private Limited
Qans Consumer Products Pvt Ltd is the Bengaluru-incorporated legal entity behind "TagZ Foods," a D2C better-for-you snacking brand acquired by Reliance Consumer Products in a reported November-2024 distress sale.
Last updated 6 August 2026
Qans Consumer Products Private Limited, operating as TagZ Foods, is a Bengaluru-based direct-to-consumer snacking brand specializing in healthier snack options like popped potato chips, gourmet dips, and protein snacks. Acquired by Reliance Consumer Products in 2024 for ₹28 Cr, the company's revenue rebounded to approximately ₹26.6-26.7 Cr in FY25 with a reported net profit of ₹7.5 Cr.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Qans Consumer Products Private Limited |
|---|---|
| CIN | U74999KA2019PTC125611 |
| PAN | AAACQ6195K |
| Status | Active (Active Compliant), Private Limited Company — trades under the consumer brand "TagZ Foods" |
| Listing |
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| Incorporated | 25 June 2019 |
| ROC | RoC Bangalore / Karnataka |
| Sector (NIC) |
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| Registered address |
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| Authorized capital | ₹6.5 lakh |
| Paid-up capital | ₹2.13 lakh |
Business Overview
- Operates as "TagZ Foods," a Bengaluru-based D2C/omnichannel "better-for-you" snacking brand founded in June 2019 by Anish Basu Roy (previously co-founder of Slurrp Farm) and Sagar Bhalotia
- Products: baked/popped potato chips (marketed as ~50% less fat), gourmet dips, cookies/protein snacks and chocolates, sold via its own D2C site (tagzfoods.com), quick-commerce and retail
- Held DPIIT "Recognised Startup" status and was official snacking licensee of IPL team Rajasthan Royals
- In Nov 2024, amid production halts and scaling difficulties, the company was acquired by Reliance Consumer Products Ltd (Reliance Retail) for ~₹28 Cr in what multiple outlets described as a "distress/fire sale," reportedly against a peak funding-round valuation cited around $1.5 Bn-equivalent claims in social posts
- FY25 (year to 31 Mar 2025) revenue rebounded to ~₹26.6-26.7 Cr with a reported swing to net profit post-acquisition
- Current MCA directors (Shylaja Kotresha, Munirajappa Lakshmi Narayana) were appointed Dec 2024/Apr 2025, consistent with a change of control to the acquirer around that time; original founders no longer appear as directors on recent filings
Directors
Partial — DINs not obtained from any of the checked sources (TheCompanyCheck, Tofler, Falconebiz all show names only). Current directors on record:
- Shylaja Kotresha — appointed 30 Apr 2025
- Munirajappa Lakshmi Narayana — appointed 31 Dec 2024
(Both appointment dates coincide with the Reliance acquisition period, suggesting acquirer-nominated directors; DIN not disclosed on free-tier pages of any source checked.) Historical founders (not currently listed as company directors per latest data): Anish Basu Roy and Sagar Bhalotia (co-founders, 2019) — per Inc42/Economic Times/Startup Intros.
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 29AAACQ6195K1ZT | Karnataka | AAACQ6195K (Source: Falconebiz company page and KnowYourGST GSTIN record — 2 sources agree, confirmed) | Active |
| 27AAACQ6195K1ZX | Maharashtra | AAACQ6195K (Source: Falconebiz company page and KnowYourGST GSTIN record — 2 sources agree, confirmed) | Inactive |
Primary/home-state GSTIN: 29AAACQ6195K1ZT (Karnataka) — Active (Source: KnowYourGST, FnShift Solutions — 2 sources agree, confirmed) Second registration: 27AAACQ6195K1ZX (Maharashtra) — listed as the "Inactive" one of 2 total registrations per FnShift Solutions summary ("Related GSTINs: 2 — Active(1)/Inactive(1)") PAN on GST records: AAACQ6195K (matches MCA PAN) Home state: Karnataka Total registrations: 2 (1 active in Karnataka, 1 inactive in Maharashtra) GSTR-9/9C shown filed with last annual return dated 31/12/25 per FnShift.
Financials
Partial — figures below are as separately reported in press/aggregator sources; not independently cross-verified against a primary filing PDF.
| FY23 (year ended 31 Mar 2023) | Revenue ≈ ₹9.6 Cr; Net loss ≈ ₹10.7 Cr |
|---|---|
| FY24 (year ended 31 Mar 2024) | Revenue ≈ ₹18.8 Cr; Net loss ≈ ₹4.3 Cr |
| FY25 (year ended 31 Mar 2025) | Revenue ≈ ₹26.6-26.68 Cr, +41-42% YoY; Net profit ≈ ₹7.5 Cr per Startup.Pedia |
| EBITDA | not obtained (locked behind paid tiers on all sources checked) |
| Net worth | Tofler notes net worth "decreased by 388.99%" YoY (direction/magnitude only, no absolute ₹ figure obtained) — consistent with the heavy pre-acquisition losses |
| Borrowings | Tofler notes borrowings declined ~9.0% YoY (no absolute figure obtained) |
| Basis | appears to be standalone company financials (no indication of consolidated group accounts; entity has no disclosed subsidiaries) |
| Charges/secured borrowings | "None registered" per Tofler (see charges field) |
Funding
| Total funding raised | reported as $3.04M, $3.09M, $3.2M, and $538K for a single July-2021 round (Clay) — treat the ~$3.0-3.2M cumulative figure as confirmed, exact number varies by source/as-of date |
|---|---|
| Rounds | 7 funding rounds per Inc42 Datalabs (Clay cites "nine rounds/23 investors" — discrepancy noted, not reconciled) |
| Named investors | 9 Unicorns, Dexter Angels; Agility Ventures (lead, per Clay, July 2021 round); GrowthCap Ventures, Shikhar (Capital) among others per Clay — investor list not fully corroborated across 2 sources for every name, so treat individual investor names as partial |
| Last funding round | 01 Jan 2024 |
| EXIT | Company (100%) acquired by Reliance Consumer Products Ltd for ~₹28 Cr (~$3.5 Mn) — deal announced 13 Nov 2024 |
Charges / Loans
- "No charges on assets registered" per Tofler company profile
- No secured-lending charge filings identified on any source checked
Competitors
D2C/branded Indian snacking-and-chips peers (rough scale tag vs Qans/TagZ, which is sub-₹30 Cr revenue, now Reliance-owned):
- Too Yumm! (Guiltfree Industries, backed by RJ Corp) — much larger, national FMCG scale
- Beyond Snack (D2C healthy-snacking startup) — comparable/similar early-stage D2C scale
- Farmley (dry-fruit/healthy snacks D2C) — comparable-to-larger, well-funded D2C peer
- Yoga Bar (health foods incl. snacks/bars) — larger, more diversified health-food D2C brand
- Bingo! (ITC) / Lay's (PepsiCo) — very large incumbent FMCG chip brands (order-of-magnitude larger)
- Slurrp Farm (kids' nutrition/snacks) — comparable-scale D2C peer, notable as a prior venture of TagZ co-founder Anish Basu Roy
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