Mehul Telecom Ltd

Mehul Telecom Limited was incorporated as a private limited Company in the name Mehul Telecom Private Limited', under the provisions of the Companies Act, 2013 dated May 17, 2023 issued by the Registrar of Companies. Subsequently, Company was converted from a private Company to Public Company and the name was changed to Mehul Telecom Limited and a fresh Certificate of Incorporation was issued on March 20, 2025, by the Registrar of Companies, Central Registration Centre. The Company acquired the running business of M/s Mehul Telecom, the erstwhile proprietorship Firm of the Promoter, Mehul Vasantbhai Raymagiya effective from April 21, 2024, via Business Transfer Agreement dated May 14, 2024. The proprietorship Firm was in the same line of business as the Company, opened its first owned store of phones and accessories from the financial year 2007-2008 and since then, expanded its business by opening the first FOFO store in year 2020 and 50th store in 2022, until its business was transferred to the Company. Presently, Company is in the business of operating a multi-brand mobile retail chain offering smartphones and accessories through a hybrid COCO (Company Owned, Company Operated) and FOFO (Franchisee Owned, Franchisee Operated) retail model. The retail portfolio comprises products from leading smart phone and phone accessory manufacturers viz., MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands in Gujarat. In addition to handsets, it retail, connected lifestyle products and peripherals such as wearables, audio devices, and power solutions like speakers, smartwatch, ear phones, head phones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, firesticks, car holder clamps, pen drive etc. of various brands. These stores support omnichannel checkout including UPI, mobile wallets, and integrated POS terminals. Company is planning the initial public issue of 30,00,000 equity shares of face value of Rs 10/- per share through Fresh Issue.