Baazar Style Retail

Baazar Style Retail Limited was initially incorporated as 'Dwarkadas Mohanlal Private Limited' on June 3, 2013, with the Registrar of Companies, at West Bengal. Subsequently, the name of the Company was changed to Baazar Style Retail Private Limited and a fresh Certificate of Incorporation dated November 26, 2013 was issued by the RoC. Upon the conversion of Company into a Public Limited, name of Company got changed to 'Baazar Style Retail Limited' on January 6, 2022. The Company offer quality and affordable products under the apparels and general merchandise segments, through a chain of value retail' stores. Within the apparels vertical, it offer garments for men, women, boys, girls and infants, whereas the general merchandise offerings include both non-apparels and home furnishing products. The Company in 2014, opened its first store by the name of 'Style Bazaar' at Berhampore, in West Bengal and thereafter opened the store in Odisha; in 2017, it opened its maiden store each in Bihar and Tripura, which increased the count of the Company to 19 stores. In 2016-17, the Company acquired Gouri Shankar Fashion House Private Limited (GSFHPL) through the Scheme of Amalgamation effective from April 1, 2015. In terms of the consideration, Company allotted one equity share of face value of Rs 10 for every eight equity shares of Rs 10 held by the shareholders of GSFHPL. In 2018, the Company opened maiden store each in the states of Assam and Jharkhand and resulted the increase to 38 stores; opened store in Andhra Pradesh, which increased to 72 stores in 2019. In 2023, the Company store count was increased to nearly 135 stores across 9 states of India. In 2024, Konnect Style Retail Private Limited was incorporated as wholly-owned Subsidiary of the Company. The Company increased the network of stores to 162 in 2024. The Company launched the initial public offer issuing an aggregate of 21,459,488 equity shares having the face value of Rs 5 each by raising funds aggregating to Rs 835 Crore, comprising a fresh issue of 3,807,168 equity shares aggregating to Rs 148 Crore and 17,652,320 equity shares aggregating to Rs 687 Crore through offer for sale in September, 2024. In FY 2025, Company added over 58 new stores taking the count of stores to 214 across Northeast and Eastern India. The store reached a network of 263 by adding 49 stores in FY 2026.