Company Intelligence Profile
Refit Global Private Limited
Refit Global Private Limited (ReFit Global) is a Delhi NCR-based, founder-led refurbished-smartphone D2C and offline-retail brand, active since 2012 (trading as ReFit since 2017), with FY25 revenue of roughly ₹257 crore.
Last updated 11 August 2026
Refit Global Private Limited operates as a leading refurbished-smartphone marketplace in India, offering major brands with discounts of up to 65%. Founded in 2017, the company reported a revenue of ₹257.45 crore in FY25, marking a growth of approximately 15% year-over-year. It gained visibility after appearing on Shark Tank India in 2024, securing ₹2 crore in funding.
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Company Identity
| Registered name | Refit Global Private Limited |
|---|---|
| CIN | U52100DL2012PTC240966 |
| PAN | AASCS9454R |
| Status | Active (private limited company, not listed) |
| Listing | Not listed (private limited company; no stock exchange listing found) |
| Incorporated | 24 August 2012 |
| ROC | RoC Delhi |
| Sector (NIC) | Trade — Wholesale Trading (NIC main activity code "G", sub-activity "G1"); business classified as consumer electronics/electronic appliances retail & distribution |
| Registered address | Portion of First Floor & Second Floor, A-25, Mayapuri Industrial Area Phase-II, Maya Puri, West Delhi, New Delhi, Delhi, India, 110064 |
| Authorized capital | ₹3.2 crore |
| Paid-up capital | ₹10.05 lakh (₹10.1 lakh) |
Business Overview
- Refit Global Private Limited operates as "ReFit Global," positioned as one of India's leading refurbished-smartphone marketplaces
- Founded in 2017 by Saket Saurav and Avneet Singh, the bootstrapped D2C brand buys used phones, runs them through a "47-point quality check," and resells them (including "Brand Box" originally-packaged units) with warranties of up to 12 months, alongside a B2B "ReFit Bulk Buy" channel
- It sells major brands (Apple, Samsung, OnePlus, Xiaomi, Realme, OPPO, Vivo) at claimed discounts of up to 65% off retail, with COD/EMI payment options and a 7-day replacement policy
- The company gained visibility after appearing on Shark Tank India Season 3 (aired ~Feb 2024) and reportedly operates 50+ offline stores across India
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Saket Shiveshwar Saurav | 08264607 | Director & Shareholder | 25 October 2018 |
| Avneet Singh | 08324277 | Director & Shareholder | 20 January 2019 |
Financials
- Revenue ₹257.45 crore, up ~15% YoY. Tofler independently shows an operating-revenue band of "₹100–500 crore" for FY2023-24 with revenue growth +15.47%, EBITDA change -21.84%, net profit change -41.51%, net worth change +20.33%, borrowings change +57.01%, and total assets change +46.38% YoY — but exact absolute EBITDA/PAT/net-worth/borrowings figures are paywalled and were not obtained. Earlier press cited FY2022-23 revenue of roughly ₹200 crore. Standalone vs consolidated basis not specified by either source (company has no disclosed subsidiaries, so figures are presumed standalone). Confidence: partial — headline revenue figure corroborated by 2 sources, but profitability/net-worth absolutes not obtained
Funding
- Public reporting indicates ReFit Global raised ₹2 crore on Shark Tank India Season 3 (episode aired ~February 2024) at a ₹200 crore valuation
- Company is described elsewhere as largely bootstrapped prior to this
- No other institutional VC/PE funding rounds were found in the allowed sources
- Confidence: partial — single-source claim, not cross-verified against a second independent article
Charges & Loans
- Open charges per Tofler/TheCompanyCheck: Yes Bank Limited — ₹25 crore (charge dated 02 Nov 2024)
- INCRED Financial Services Limited — ₹3 crore (charge dated 26 Jul 2023)
- TheCompanyCheck additionally aggregates "open charges: ₹28 crore" and "satisfied charges: ₹7.7 crore" totals, consistent with the above two open charges
- Confirmed by 2 independent sources
Competitors
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