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About Mehul Telecom Ltd Mehul Telecom Limited is a multi-brand mobile retail chain specializing in smartphones, accessories, and connected lifestyle products. Established initially as Mehul Telecom Private Limited in May 2023, the company transitioned into a public entity in March 2025. The firm's operations trace their roots to a proprietorship founded by its promoter, Mehul Vasantbhai Raymagiya, in 2007-08, which achieved considerable growth before being acquired by the company in 2024 via a Business Transfer Agreement.
Operating primarily in Gujarat, Mehul Telecom employs a hybrid business model of Company Owned, Company Operated (COCO) and Franchisee Owned, Franchisee Operated (FOFO) retail outlets. It offers products from renowned smartphone and accessory brands such as MI, Samsung, Vivo, Oppo, and Nokia, among others. Its extensive product range includes smartphones, wearable devices, audio equipment, power banks, and various phone peripherals. The stores also cater to modern consumer preferences by integrating omnichannel checkout options, including UPI, mobile wallets, and POS terminals.
The business, which started with its first store in 2007-08, has significantly scaled its operations, opening its 50th FOFO store by 2022 under its former proprietorship. As it moves forward, the company is preparing for a public offering, planning to issue 3,000,000 equity shares at a face value of Rs. 10 per share to fuel its expansion and growth.
Mehul Telecom's well-rounded retail strategy, robust product portfolio, and successful expansion in a competitive market position it as a promising player in India's mobile and lifestyle accessory retail sector. This IPO could attract traders looking for opportunities in the consumer electronics and retail space.