Company Intelligence Profile
Rangreza Retail Services Private Limited
Rangreza Retail Services Private Limited is the legal entity behind "Chokore," an internet-first, direct-to-consumer premium fashion-accessories brand for men and women, founded in 2015 by Akash Verma and Saloni Nangia and headquartered in Gurugram, Haryana.
Last updated 10 August 2026
Rangreza Retail Services Private Limited, operating under the brand name "Chokore," is a direct-to-consumer premium fashion accessories brand for men and women headquartered in Gurugram, Haryana. The company reported revenue in the ₹1, 10 crore range in FY23, with notable financial metrics including an operating margin of 19.25% and a net profit margin of 15.95%, without having raised any external funding.
Compiled from MCA filings and other public records. Figures may lag the latest filing; verify against the detailed sections below.
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Company Identity
| Registered name | Rangreza Retail Services Private Limited |
|---|---|
| CIN | U52100HR2015PTC054536 |
| PAN | AAHCR2046K |
| Status | Active |
| Listing | No — unlisted private limited company |
| Incorporated | 09 February 2015 |
| ROC | RoC-Delhi (jurisdiction covers Haryana registrations; state of registration is Haryana) — Source: Tofler, WebSearch aggregator |
| Sector (NIC) | NIC 52100 — Retail trade of textiles, clothing, articles of fur and clothing accessories; operating brand is a D2C fashion-accessories retailer |
| Registered address | A-73, Belvedere Tower, DLF Phase-2, Near Cyber City, Gurgaon, Haryana – 122001 |
| Authorized capital | ₹2,00,000 (₹2 lakh) — Source: TheCompanyCheck, Tofler (one aggregator snippet showed ₹1,00,000; treated as minority/stale figure) |
| Paid-up capital | ₹1,03,000 (₹1.03 lakh) — Source: TheCompanyCheck, Tofler |
Business Overview
- Rangreza Retail Services Private Limited is the legal entity behind "Chokore," an internet-first, direct-to-consumer premium fashion-accessories brand for men and women, founded in 2015 by Akash Verma and Saloni Nangia and headquartered in Gurugram, Haryana
- Chokore designs and sells silk-based accessories — neckties, bow ties, cravats, pocket squares, cufflinks, collar/tie pins, belts, suspenders, women's scarves and stoles — alongside a wider lifestyle range of hats, caps, sunglasses, perfumes and mobile covers, sold via its own D2C website (chokore.com), the Chokore mobile app (iOS/Android), marketplaces, and a physical flagship store opened in Delhi-NCR
- The company is DPIIT-recognized as a startup and Udyam/MSME-registered (UDYAM-HR-05-0042876), classified as a Micro enterprise for FY2023-24, with roughly 17 employees as of May 2026
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Akash Verma | 03260181 | Director | 09-Feb-2015 |
| Saloni Nangia | 06452520 | Director | 09-Feb-2015 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 06AAHCR2046K1ZB | Haryana | AAHCR2046K (Source: Tofler) | Active |
Primary GSTIN: 06AAHCR2046K1ZB — state Haryana, PAN AAHCR2046K, registration date 01-07-2017, status Active (Source: TaxAdda GSTIN lookup, gst.jamku.app listing, WebSearch aggregator — 3 sources agree on the same GSTIN). Total number of state registrations beyond this one Haryana GSTIN: not obtained — no source confirmed a multi-state registration count, so treat as likely single-state (Haryana) but unconfirmed.
Financials
Rangreza Retail Services Private Limited reported revenue in the ₹1, 10 crore range for FY23 with a 19.25% operating margin and a 15.95% net profit margin. Total assets increased by 39.93% year-over-year and borrowings decreased by 1.22%.
- Latest available FY: year ending 31 March 2023
- Absolute revenue/EBITDA/PAT/net-worth/borrowings figures are gated behind Tofler's paid tier and were not obtained; only a bucketed range and ratios are public: Revenue bucket ₹1–10 crore (up +1.02% YoY)
- Borrowings down -1.22% YoY
- Total assets up +39.93% YoY
- Operating margin 19.25%
- Net profit margin 15.95%
- ROCE 37.51%
- Debt-to-Equity -0.09
- Gross margin -5.12
- No FY24/FY25 filings were found in any accessible source
Funding
- No external funding raised
- Tracxn explicitly lists Chokore/Rangreza Retail Services as "Unfunded" with no funding rounds or investors on record
Charges / Loans
- One open charge on record: HDFC Bank Limited — ₹0.10 crore (₹10 lakh) — charge date 11 April 2023
- No other charges reported
Competitors
- Halden, Drip Project, and Sanskriti Fab (comparable small/emerging Indian D2C fashion-accessories brands)
- Broader named category peers (larger scale, for context): Blackberrys and Van Heusen/Louis Philippe (established Indian menswear/accessories majors, hundreds of crores in revenue vs. Chokore's ₹1–10 crore bucket) and Fabindia (larger ethnic-wear/accessories retailer)
- Scale tag: Chokore/Rangreza is a small, single-digit-crore-revenue, ~17-employee D2C niche accessories brand — materially smaller than the named larger peers
Frequently Asked Questions
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