Heads UP Ventures Ltd Company Summary

Heads UP Ventures Limited was formerly incorporated as Mandhana Retail Ventures Limited on February 12, 2011. Thereafter, name of the Company was changed from Mandhana Retail Ventures Limited to The Mandhana Retail Ventures Limited on September 26, 2016 and further to Heads UP Ventures Limited dated May 11, 2022.Presently, the Company is one of Indias fastest growing retail company which create superior high-fashion products that are acclaimed globally. Their integrated operations include designing, development, production, marketing and distribution.In FY 2016-17, the Company entered into a global exclusive trademark licence agreement to design, manufacture, retail and distribute mens wear, womens wear and accessories under the Being Human trademark until 31st March, 2020.Prior to demerger, the Company was a division of Mandhana Industries Ltd, which had groomed it well since it started as its apparel business in the year 2011.

Thereafter, in 2016-17, the retail business of Mandhana Industries Limited was demerged and transferred into the Company with effect from 1st April, 2014 through the Scheme of Arrangement between Mandhana Industries Limited and The Mandhana Retail Ventures Limited. In terms of the said Scheme of Demerger, the shares were allotted to shareholders of Mandhana Industries Limited, in the ratio of 2 (Two) fully paid equity shares of Rs 10/- each for every 3 (Three) fully paid equity shares of Rs 10/- each held in MIL. The demerger with Mandhana Industries Limited to create one of Indias leading retail entities, The Mandhana Retail Ventures Limited has created long-term value for all stakeholders of the Company.