Patel Retail

What Patel Retail does

Patel Retail Limited is an India-based, publicly listed (BSE/NSE since August 2025) diversified food retail and processing company headquartered in Ambernath, Mumbai Metropolitan Region (MMR). It operates the Patel R Mart supermarket chain of 52 stores across MMR as of June 2026, targeting suburban and emerging-urban consumers with groceries, staples, and private label food and household products. The retail offering is supported by two owned manufacturing units in Dudhai, Kachchh (Gujarat) and a packing/distribution facility at Ambernath MIDC, producing spices, pulses, wheat flour and mango pulp that feed both internal store shelves and B2B customers.

The company sells under three owned private label brands — Indian Chaska (spices), Patel Fresh (pulses, nuts, dry fruits) and Patel Essential (cleaning/household) — and operates a B2B Private Label Spice Solutions business serving retailers, distributors, food brands and HoReCa clients. It also exports to Italy, UK, UAE and Saudi Arabia, holding food-safety and export credentials including FSSAI, BRC, APEDA, Spices Board, IOPEPC and Four Star Export House. Distribution channels are company-owned physical stores, the Patel R Mart mobile app, social media presence (Facebook, Instagram), and direct export relationships.

Revenue is generated through in-store retail sales, B2B private label supply, and direct export transactions. FY26 total income reached Rs 1,059.29 crore (28.25% YoY growth) with PAT of Rs 39.05 crore (up 54.48%); Q3 FY26 revenue from operations grew 35.46% YoY to Rs 309.26 crore. The founder-promoter family — led by Managing Director Dhanji Raghavji Patel — remains in control alongside Whole-time Director Bechar Raghavji Patel and three independent directors.

Name

Patel Retail

Legal name

Patel Retail Limited

Website

https://patelrpl.in

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Patel Retail Limited operates 52 Patel R Mart supermarkets in India's Mumbai Metropolitan Region, with backward-integrated food processing in Gujarat producing spices, pulses and staples under private label brands Indian Chaska, Patel Fresh and Patel Essential, serving suburban retail consumers, B2B private-label buyers, and export markets in Italy, UK, UAE and Saudi Arabia.

Ownership category

akta.pro rank

Product category

Grocery Retail

NAICS

Supermarkets and Other Grocery Retailers (except Convenience Retailers) (44511), Food and Beverage Retailers (445)

SIC

Retail-Food Stores (5400), Wholesale-Groceries, General Line (5141)

akta.pro primary industry

South Asian (Indian/Pakistani/Bangladeshi/Sri Lankan) Grocery Stores (CRAHAFAD)

Keywords

• Grocery retail supermarkets
• Private label spices
• Food processing manufacturing
• Spice exports
• FMCG grocery chain

Headquarters

HQ city

Thane

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Retail Store Operations: Operation of Patel R Mart retail supermarket chain in Maharashtra and Gujarat, offering groceries, daily essentials, and household products to consumers in the Mumbai Metropolitan Region.
2. Private Label Products: Manufacturing and sale of private label food products under brands Indian Chaska (spices), Patel Fresh (pulses, nuts, dry fruits), and Patel Essential (cleaning products), sold through own retail stores and to other retailers.
3. Food Processing and Manufacturing: Food processing operations producing spices, pulses, wheat flour, and mango pulp at manufacturing facilities in Gujarat and Maharashtra, serving both domestic and export markets.
4. Export Business: Export of food products to international markets including Italy, UK, UAE, and Saudi Arabia. The company secured new export orders worth Rs 25 crore from these regions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Patel Retail Limited operates a chain of Patel R Mart supermarkets across the Mumbai Metropolitan Region offering groceries, daily essentials, and FMCG products. The company runs in-house food processing facilities in Gujarat producing spices, pulses, wheat flour, and mango pulp, sells private label brands (Indian Chaska, Patel Fresh, Patel Essential), provides B2B private label spice solutions to retailers and HoReCa businesses, and exports food products to Italy, UK, UAE, and Saudi Arabia.

Product overview

Patel Retail operates as a diversified retail and food processing company organized around three business pillars: Food Processing, Exports, and Retail. The core retail offering is Patel R Mart, a chain of 40+ supermarkets in the Mumbai Metropolitan Region (expanding to 52 stores by mid-2026), complemented by three private label brands—Indian Chaska (spices), Patel Fresh (pulses, nuts, dry fruits), and Patel Essential (cleaning products). The company also operates a B2B Private Label Spices service for retailers, distributors, and food brands, offering end-to-end custom spice solutions. Manufacturing facilities in Gujarat and Maharashtra produce spices, pulses, wheat flour, and mango pulp for both domestic retail and export markets.

Differentiator

Problem solved

Functional benefit

Brands

• Indian Chaska: Premium quality spices brand offering authentic Indian flavours
• Patel Fresh
• Patel Essential

Products and services

• Patel's R Mart Supermarket Chain A chain of 52+ company-owned retail supermarkets operating under the Patel R Mart brand in Maharashtra and Gujarat, offering groceries, daily essentials, household products, and FMCG items to suburban and emerging urban consumers in the Mumbai Metropolitan Region.
• Private Label Spice Solutions End-to-end B2B private label spice service offering curry powders, Indian masalas, whole spices, seasonings, and custom blends with formulation to dispatch support for retailers, distributors, exporters, food brands, and HoReCa businesses.
• Indian Chaska Spice Brand Private label brand offering premium quality spices including chilli powder, turmeric powder, and various Indian masala blends positioned as the trusted choice for authentic Indian flavours.
• Patel Fresh Brand Private label brand offering premium quality pulses, nuts, dry fruits, and related food products positioned for excellence and taste.
• Patel Essential Brand Private label brand offering a diverse range of quality cleaning and household products for modern living.
• Food Product Export Business Export of spices and processed food products to international markets including Italy, UK, UAE, and Saudi Arabia, leveraging Star Export House and Spices Board certifications.
• Food Processing Manufacturing Manufacturing facilities producing spices, pulses, wheat flour, and mango pulp, located in Gujarat and Maharashtra, supporting both retail operations and export business.

Quantifiable outcome

• PAT grew 54.48% to Rs 39.05 crore in FY26 with margins expanding by 63 basis points
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Supplier NetworkcoreOthersPatel Retail maintains collaborative partnerships with suppliers for top-notch products seeking wider market access. The company extends invitations to potential suppliers to join their commitment to providing best quality affordable products through long-term partnerships.
• Property Owners/LandlordsminorOthersThe company seeks land or property owners for sale or rent to support ongoing expansion in Maharashtra. Property owners can offer land or property available for commercial use at suitable locations.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• JioMart (Reliance Retail): JioMart is the online grocery and FMCG platform from Reliance Retail covering Patel Retail's home Mumbai Metropolitan Region. It is relevant as a competitive force both in online grocery and as a substitute for value-grocery shoppers in the same catchment.
• BigBasket (Tata Group): BigBasket is one of India's largest online grocery retailers with significant penetration in Mumbai. It competes for the same household grocery basket via Patel Retail's app and delivery operations, and overlaps on private label product categories.

Direct peers

• Spencer's Retail: Spencer's Retail is a listed Indian supermarket chain with multi-format grocery and FMCG stores across urban and suburban markets. It competes in the same organized food and grocery retail category as Patel Retail and is a relevant comparable on store-level economics and private label mix.
• Vishal Mega Mart: Vishal Mega Mart operates value-focused hypermarket and supermarket stores across India targeting similar middle and lower-middle income consumers as Patel Retail. Its focus on affordable groceries and FMCG mirrors Patel R Mart's positioning.
• Avenue Supermarts (DMart): DMart is India's largest value-focused supermarket chain operating a similarly formatted multi-category grocery and FMCG retail business. It is the most direct comparable to Patel Retail's Patel R Mart chain in terms of category, target value-conscious consumer, and operating model.
• Aditya Birla Retail (More): More operates multi-format grocery and convenience stores across India, with overlapping urban and suburban food retail presence. It is comparable to Patel Retail on assortment, private label strategy, and customer demographics.

Broad incumbents

• Adani Wilmar (Fortune brand): Adani Wilmar is one of India's largest branded packaged food and edible oil companies with national distribution. It is comparable to Patel Retail on the food processing and FMCG brand side of the business, including private label and branded staples.
• Reliance Retail (Smart Bazaar / SmartPoint): Reliance Retail operates nationwide supermarket and grocery formats serving mass and value-conscious consumers across India. Its Smart Bazaar and SmartPoint formats directly overlap with Patel R Mart's suburban value-grocery positioning, although at vastly greater scale.
• MDH Spices: MDH is a leading Indian spice manufacturer and brand with national and export presence. It is directly comparable to Patel Retail's Indian Chaska spice brand and spice processing/export operations on product category, quality, and go-to-market.

Regional players

• Heritage Foods: Heritage Foods operates an integrated dairy and grocery retail business in select Indian regions with private label food brands. It is comparable to Patel Retail on backward integration into food processing and private label brand-led consumer play, though its primary geography differs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/patelsrmart
• Instagraminstagram.com/patelsrmart
• LinkedInlinkedin.com/company/patel-retail-limited

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Patel Retail