Enrich Hair & Skin Solutions Pvt. Ltd.
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Enrich Hair & Skin Solutions Pvt. Ltd. - overview
Established
1997
Location
Mumbai, Maharashtra, India
Primary Industry
Consumer Services
About
Enrich Hair & Skin Solutions Pvt. Ltd. delivers a wide range of beauty and wellness services, specializing in hair and skin treatments, aimed at enhancing personal aesthetics and promoting overall well-being. Founded in 1997, Enrich Hair & Skin Solutions Pvt.
Ltd. is based in Mumbai, India. The company has undergone no significant pivots in its business strategy. Co-founded by Ashwin N, Rohit Dedhia, and Vikram Bhatt, the firm has secured a total of INR 1,431.
28 million in funding over 10 deals, with the latest round occurring on January 12, 2022, involving investors such as Konark Trust, Madhav Mukund Promoters Pvt. Limited, and WestBridge Capital Partners. The company is currently valued at INR 6,673. 60 million.
Enrich Salon primarily offers a comprehensive range of beauty and wellness services, focusing on hair care, skin treatments, and nail services. Their core product offerings encompass haircuts, styling, coloring, and treatments, alongside skincare services such as facials and body treatments, as well as professional nail care. Enrich Salon aims to cater to individual beauty needs by providing customized solutions that enhance personal aesthetics and promote overall well-being. The end users of these services include a diverse clientele, from individuals seeking routine grooming to those looking for specialized treatments for events or occasions.
The company operates in various geographical markets, including metropolitan areas known for their vibrant beauty culture, such as urban centers in North America and Europe. Enrich Salon generates revenue through a service-based model, primarily driven by direct transactions with clients for beauty services. The structure is predominantly B2C, where customers pay for individual services at competitive prices reflective of the premium nature of the offerings. For instance, flagship services like advanced hair color treatments and specialized skin therapy sessions are priced to align with the market standard for high-quality salon experiences.
In the most recent year, 2023, the company reported revenue of INR 31,313,465. 70 with an EBITDA of INR -1,616,869. 10. Enrich Hair & Skin Solutions Pvt.
Ltd. plans to enhance its service offerings by designing and launching new beauty treatments targeted for release in the next 12 months. Additionally, the company aims to expand its presence into international markets, specifically targeting regions in North America and Europe by 2025. The recent funding of INR 1,431.
28 million will be strategically utilized to support these expansion initiatives and the development of new products, ensuring continued growth in the competitive beauty services sector.
Current Investors
WestBridge Capital Partners, JM Financial, Konark Trust
Primary Industry
Consumer Services
Sub Industries
Consumer Services, Aesthetic Medicine
Website
www.enrichsalon.com
Verticals
EdTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Enrich Hair & Skin Solutions Pvt. Ltd. - timeline of key events
Enrich Hair & Skin Solutions Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 459,035,409 | 564,913,892 | 819,639,864 | 1,004,688,758 | 1,233,488,732 | 1,402,478,620 | 1,576,663,167 | 1,892,487,175 | 2,147,575,641 | 1,297,593,296 | - | - | - |
| % Revenue Growth (YoY) | - | 23.1% | 45.1% | 22.6% | 22.8% | 13.7% | 12.4% | 20.0% | 13.5% | (39.6%) | - | - | - |
| EBITDA (USD) | 21,405,663 | (82,866,963) | (2,014,654) | 42,738,645 | 103,932,591 | 74,547,676 | 158,074,218 | 103,113,376 | 34,666,139 | (252,893,884) | - | - | - |
| Operating Income (USD) | 4,553,339 | (112,044,797) | (39,017,377) | (17,454,961) | 63,954,321 | 10,662,957 | 84,317,225 | 23,465,269 | (28,148,004) | (180,144,217) | - | - | - |
| Operating Margin | 1.0% | (19.8%) | (4.8%) | (1.7%) | 5.2% | 0.8% | 5.3% | 1.2% | (1.3%) | (13.9%) | - | - | - |
| % EBITDA Margin | 4.7% | (14.7%) | (0.2%) | 4.3% | 8.4% | 5.3% | 10.0% | 5.4% | 1.6% | (19.5%) | - | - | - |
| NET Income (USD) | 4,844,682 | (69,932,860) | (151,303,927) | (46,374,898) | 22,924,512 | (41,700,035) | 27,455,186 | (11,734,139) | (59,545,443) | (214,052,419) | - | - | - |
| % Net Margin | 1.1% | (12.4%) | (18.5%) | (4.6%) | 1.9% | (3.0%) | 1.7% | (0.6%) | (2.8%) | (16.5%) | - | - | - |
Enrich Hair & Skin Solutions Pvt. Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Enrich Hair & Skin Solutions Pvt. Ltd. | - | ||||||||
| Buyout | Completed | Enrich Hair & Skin Solutions Pvt. Ltd. | - |
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Enrich Hair & Skin Solutions Pvt. Ltd. - employee data
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