COMPANY INTELLIGENCE PROFILE
SHAPOS SERVICES PRIVATE LIMITED
B2B wholesale trader/distributor of textiles - yarn, apparel fabrics, suiting/shirting fabric, natural and viscose/rayon fabric, sarees, ethnic wear and clothing.
Business Overview
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.
Sector & Classification
CIN activity code 74110 (Business services / "activities not elsewhere classified"). Actual reported activity: wholesale trading of yarn, fabrics and textiles/apparel (Trade group G, wholesale G1). Note: CIN-embedded NIC (74110 business services) does not match the actual textile-trading activity described by data aggregators.
Directors & Key Management
Directors — source notes
Founders/directors: Saurabh Kumar Agarwal (DIN 06714761, director since 01 Jun 2020); Mayank Tiwari (DIN 08741659, director since 13 May 2020) - both also shareholders (source: Tofler for DINs). Insolvency official: Ravindra Beleyur (Insolvency Professional, Beleyur Resolutions Pvt Ltd, IBBI/IPE-0163/IPA-1/2023-24/50073) appointed IRP/RP/Liquidator on 25 Oct 2024 (source: thecompanycheck, falconebiz, IBBI). DINs for the two founders confirmed by Tofler; not independently cross-verified against a second source.
GST Registrations
not obtained (GSTIN listing pages could not be accessed; PAN is ABDCS6598J, home state Karnataka-29). Number of GST registrations and status not obtained.
Financials
Latest available audited year FY2021-22 (ended 31 March 2022), standalone: Revenue Rs 415.66 Cr (up ~1917% YoY per thecompanycheck; Tofler bands it Rs 100-500 Cr). Operating margin -3.07%, net profit margin -3.7% (Tofler) - 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 (Tofler); 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 History
No equity/venture funding rounds found - the company was debt-funded. Aggregators report ~24 loan facilities and total disclosed borrowings of ~Rs 374 Cr. It appears on Tracxn only as a legal entity, not a funded startup.
Loans & Charges
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.
Credit Ratings
None found. No CRISIL, ICRA or CARE rating located for Shapos Services Private Limited.
Legal & Compliance
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.
Competitive Landscape
B2B textile/apparel trading and supply-chain peers (rough scale tags): Fashinza (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). Textile-specific incumbents dwarfing it: Raymond, Welspun (very large, listed). Named as directional peers by activity, not from a formal comp set.
Frequently Asked Questions
What does SHAPOS SERVICES PRIVATE LIMITED do?
B2B wholesale trader/distributor of textiles - yarn, apparel fabrics, suiting/shirting fabric, natural and viscose/rayon fabric, sarees, ethnic wear and clothing.
What is the CIN of SHAPOS SERVICES PRIVATE LIMITED?
SHAPOS SERVICES PRIVATE LIMITED's Corporate Identification Number (CIN) is U74110KA2020PTC134121.
When was SHAPOS SERVICES PRIVATE LIMITED incorporated?
SHAPOS SERVICES PRIVATE LIMITED was incorporated on 13 May 2020 and is registered with RoC-Bangalore (Karnataka).
Who are the directors of SHAPOS SERVICES PRIVATE LIMITED?
Directors on record include Saurabh Kumar Agarwal (DIN 06714761); Mayank Tiwari (DIN 08741659).
Where is SHAPOS SERVICES PRIVATE LIMITED registered?
The registered office of SHAPOS SERVICES PRIVATE LIMITED is at #1207/343, 9th Main, 7th Sector, HSR Layout, Bangalore South, Bangalore, Karnataka - 560102.
Information compiled from public registry and secondary sources (as of 2026-07-28). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN(s) and count/status not obtained (listing pages blocked). Exact FY22 EBITDA/PAT/net worth/total borrowings not obtained (paid tiers). No audited financials after FY22. Exact shareholding split not obtained. No credit ratings found. Indian Kanoon unreachable so specific case citations/dates beyond the CIRP timeline not enumerated. Founder DINs from a single source (Tofler) only.