Osia Hyper Retail is a Gujarat-rooted supermarket chain that sells everything from groceries to garments under one roof, built on the simple idea that Indian shoppers want a modern, air-conditioned mall experience at value prices. It began as a single Ahmedabad store in 2014, listed on the NSE’s small-company platform in 2019, and grew to over 40 stores across multiple states before financial strain pushed it into insolvency proceedings in April 2026. The recurring approach is physical scale - large-format stores of up to 80,000 square feet packed with thousands of products, expanding city by city into new states, with no online channel and no subsidiaries to complicate the picture. # Business segments A single engine - a chain of large-format value supermarkets selling apparel, household goods and daily essentials directly to walk-in customers across Gujarat and beyond. ## 1. Osia Hyper Mart: the physical supermarket chain **The company earns by selling thousands of everyday products at competitive prices inside large, modern stores - it is a landlord of retail shelves, not a manufacturer or an online marketplace.** - **One roof, fourteen categories** - each store stocks Menswear, Women’s wear, Kid’s wear, Footwear, Cosmetics, Perfumes and Handbags, Household Accessories, Lingerie, Gifts, FMCG (fast-moving consumer goods like packaged food and toiletries), Crockery, Handicrafts, Utensils, and Handlooms, so a family can buy a shirt, a pressure cooker and a bar of soap in a single trip. - **Value-retailing is the pitch** - the company describes its model as offering quality products at competitive prices inside a modern, mall-like environment, which means it competes on the feel of the store as much as on the price tag. - **Stores are deliberately big** - individual locations reach 30,000 square feet and even 80,000 square feet, with total retail space crossing 900,000 square feet by late 2024, giving the chain the room to carry wide assortments that smaller neighbourhood shops cannot match. - **Expansion was geographic, store by store** - from its Ahmedabad base, the network grew to 43 stores across seven Gujarat cities (Ahmedabad, Vadodara, Gandhinagar, Gandhidham, Palanpur, Mehsana and Dehgam), then pushed into Madhya Pradesh with a signed agreement for a Gwalior store in 2024, Uttar Pradesh with Kanpur, Uttarakhand with an 80,000-square-foot Dehradun store, and Rajasthan with a franchised Sri Ganganagar store announced for January 2026. - **One distribution centre feeds the chain** - a single warehouse in Rakhial, Ahmedabad supplies the entire store network, which keeps the supply chain simple but also means stores farther from Gujarat depend on that one hub. # Group structure and partners **The company stood alone - no subsidiaries, no joint ventures, no associate companies - until a consortium of ten financial creditors took control through insolvency proceedings in April 2026.** - **A standalone entity** - as of March 2025, Osia Hyper Retail had no subsidiaries, joint ventures or associate companies, making it a pure-play retail operation with no holding-company complexity. - **Promoter-held, then publicly traded** - the Chopra family held just under half the company (48.16% as of March 2024), with the rest spread across the Indian public, foreign portfolio investors and bodies corporate, after the company migrated from the NSE’s SME platform to the main board in December 2022. - **Creditors now call the shots** - on 28 April 2026, the Ahmedabad bench of the NCLT admitted the company into the Corporate Insolvency Resolution Process, suspending the board and appointing an interim resolution professional, with a committee of seven financial creditors holding admitted claims of roughly ₹180 crore, led by Punjab National Bank at 27.88% voting share.