MEHUL TELECOM LIMITED

Operates a multi-brand mobile phone retail chain in Gujarat under the brands 'Mehul Telecom' and 'Mobile Daddy', selling handsets and related devices to retail consumers. As of May 2026, the company runs 80 stores across 15 districts, split into 6 company-owned company-operated (COCO) outlets and 74 franchise-owned franchise-operated (FOFO) outlets. Revenue from operations was Rs 20,012 lakhs in FY26, up 73% from Rs 11,547 lakhs in the prior year, with profit after tax of Rs 996.39 lakhs. In 2026, the company opened new outlets in Rajkot, Adipur, Anjar, Thangadh, and Gandhinagar, and announced plans to expand into Tier I cities. Equity shares were listed on BSE on April 24, 2026 under scrip code 544751, with IPO proceeds earmarked for working capital, retail expansion, and brand building. FY26 saw working capital pressure, with negative operating cash flow of Rs 371.30 lakhs driven by a Rs 1,192.35 lakhs rise in trade receivables and Rs 1,049.31 lakhs rise in inventory.