Patel Retail Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as “Patel Retail Private Limited” at Ambernath, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2007 issued by the Registrar of Companies, Maharashtra, Mumbai. Thereafter, our Company was converted into a public limited company, approved vide shareholders’ resolution dated July 18, 2023, pursuant to which the name of our Company was changed to “Patel Retail Limited” and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra, Mumbai dated August 28, 2023.

The Corporate Identification Number of our Company is U52100MH2007PLC171625.

Major Events and Milestones:

2007

- Opened our 1st retail store at Ambernath, Maharashtra

2009

(i) Commencement of export business;

(ii) Opened our 1st garments outlet/ store under the name ‘Patel R Choice’

2013

- Set-up our Processing and Packaging Unit (Facility 1) at our Registered Office

2015

- Commenced production in Facility 2 in Dudhai, Kutch, Gujarat

2018

- Received approval from Ministry of Food Processing Industries (“MOFPI”) for establishing an agro processing cluster in Dudhai, Kutch, Gujarat under the ‘Scheme for Creation of Infrastructure for Agro Processing Clusters of MOFPI, Government of India’ and grant-in-aid of ?436.00 Lakhs

2019

- Development of our Agri-cluster (Facility 3) at Dudhai, Kutch, Gujarat:

(i) Received MOFPI approval for grant-in-aid of ?152.25 Lakhs for setting up of Unit I for manufacturing of whole spices and oilseeds;

(ii) Received MOFPI approval for grant-in-aid of ?243.62 Lakhs for setting up of Unit II for manufacturing of pulverised and blended spices;

(iii) Received MOFPI approval for grant-in-aid of ?132.71 Lakhs for setting up of Unit III for manufacturing of chakki, atta, suji and atta roller;

(iv) Received MOFPI approval for grant-in-aid of ?204.92 Lakhs for setting up of Unit IV for processing of peanut and blanching;

(v) Received MOFPI approval for grant-in-aid of ?121.80 Lakhs for setting up of Unit V* for processing of sesame seed

(Note: Unit I, Unit II, Unit III, Unit IV and Unit V are collectively referred to as “Facility 3”)

2022

- Commencement of production at Unit I, Unit II, Unit III and Unit IV

(i) Earned revenue exceeding ?1,00,000 Lakhs;

(ii) Exports to twenty-five (25) countries;

(iii) **Transfer of Patel R Choice, fashion garments outlet

2025

(i) The store count of our Company increased to forty-two (42) stores till Fiscal

(ii) Launched Indian Chashka brand of blended spices in consumer packs.