Company Intelligence Profile
Shapos Services Private Limited
Bengaluru-based B2B wholesale trader of yarn, fabrics and textiles, incorporated 2020, now under Corporate Insolvency Resolution Process (CIRP) after defaulting on 300+ Cr of lender debt.
CIN: U74110KA2020PTC134121Under CIRPRoC-BangaloreConfidence: medium
Last updated 17 August 2026
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Company Identity
Confirmed| Registered name | Shapos Services Private Limited |
|---|---|
| CIN | U74110KA2020PTC134121 |
| PAN | ABDCS6598J |
| Status |
|
| Listing |
|
| Incorporated | 13 May 2020 |
| ROC | RoC-Bangalore (Karnataka) |
| Sector (NIC) |
|
| Registered address | #1207/343, 9th Main, 7th Sector, HSR Layout, Bangalore South, Bangalore, Karnataka - 560102 |
| Authorized capital | Rs 20.51 lakh |
| Paid-up capital | Rs 6.06 lakh |
Business Overview
Partial / conflicting- B2B wholesale trader/distributor of textiles - yarn, apparel fabrics, suiting/shirting fabric, natural and viscose/rayon fabric, sarees, ethnic wear and clothing
- Positioned in textile retail & distribution / home & lifestyle
- Grew revenue explosively (Rs ~416 Cr in FY22, up ~1917% YoY) on heavy debt funding, then collapsed into insolvency in 2024
- Tiny equity base (paid-up Rs 6.06 lakh) against 300+ Cr of borrowings indicates a thin-capital, debt-driven trading model
Directors & Management
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Saurabh Kumar Agarwal | 06714761 | Director | 01 Jun 2020 |
| Mayank Tiwari ( | 08741659 | - | 13 May 2020 |
Financials
Partial / conflicting- Latest available audited year FY2021-22 (ended 31 March 2022), standalone: Revenue Rs 415.66 Cr. Operating margin -3.07%, net profit margin -3.7% - implying an operating loss and a net loss of roughly Rs 15 Cr on that revenue (derived, not a reported figure)
- Debt-to-equity 0.31; net worth grew ~963.7% YoY. Exact EBITDA, PAT, net worth and total borrowings figures are locked behind paid tiers and were not obtained
- Standalone basis; no consolidated statements obtained
- Last balance sheet 31 Mar 2022; last AGM 14 Dec 2022 - no audited financials after FY22 obtained
Funding
Partial / conflictingCharges & Loans
Confirmed- Heavily charged/leveraged. thecompanycheck: open charges Rs 285.26 Cr, satisfied charges Rs 69.5 Cr. Named lenders/charge-holders across sources: HDFC Bank (Rs 70 Cr), Axis Trustee Services (Rs 50 Cr), Vivriti Capital (Rs 33 Cr), HSBC (Rs 28 Cr), Tata Capital Financial Services (Rs 7.5 Cr), State Bank of India (Rs 4.75 Cr), plus "Others" Rs ~175 Cr. Other financiers named in loan filings: Minions Ventures Pvt Ltd, Axis Bank, Bank of Maharashtra
- Total borrowings > Rs 374 Cr
Legal & Insolvency
Partial / conflicting- Under Corporate Insolvency Resolution Process before NCLT Bengaluru
- CIRP commenced 17-09-2024
- Ravindra Beleyur / Beleyur Resolutions Pvt Ltd appointed RP
- CoC approved appointment as Liquidator in its 6th meeting on 12-06-2025; matter listed 15-12-2025 for updation
- IBBI claims-submission process active (claims page live on ibbi.gov.in)
- Group entity Shapos Farms Pvt Ltd is under a separate Section 7 IBC petition
- Indian Kanoon could not be reached (DNS failure), so individual reported judgments were not enumerated
Competitors
Partial / conflictingFashinza
VC-backed apparel supply-chain, large
Bizongo
B2B raw-materials/packaging & textiles marketplace, large
OfBusiness/OFB Tech
B2B commerce & financing incl. textiles, very large/profitable
Udaan
B2B commerce incl. apparel, very large
Zetwerk
B2B manufacturing marketplace, large
Frequently Asked Questions
What does Shapos Services Private Limited do?
Bengaluru-based B2B wholesale trader of yarn, fabrics and textiles, incorporated 2020, now under Corporate Insolvency Resolution Process (CIRP) after defaulting on 300+ Cr of lender debt.
What is the CIN of Shapos Services Private Limited?
The Corporate Identification Number (CIN) of Shapos Services Private Limited is U74110KA2020PTC134121.
Where is Shapos Services Private Limited registered?
Shapos Services Private Limited is registered with RoC-Bangalore (Karnataka). Registered address: #1207/343, 9th Main, 7th Sector, HSR Layout, Bangalore South, Bangalore, Karnataka - 560102
When was Shapos Services Private Limited incorporated?
Shapos Services Private Limited was incorporated on 13 May 2020.
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