Lenskart DRHP: A Look At The Shareholding Pattern & Top Leaders

Omnichannel eyewear retailer LensKart has filed its draft red herring prospectus (DRHP) with the markets regulator SEBI to raise up to INR 2,150 Cr through a fresh issue of shares.

The initial public offering (IPO) will also comprise an offer for sale (OFS) of up to 13.2 Cr shares by existing investors. Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi, with institutional investors SVF II Lightbulb (SoftBank), Schroders, PI Opportunities, Macritchie Investments, Kedaara Capital and Alpha Wave Ventures, will offload shares via OFS. 

Peyush Bansal plans to sell up to 2 Cr shares. 

At the time of filing the DRHP, SoftBank Vision Fund (SVF) II Lightbulb (Cayman) Limited held 15.04% stake in Lenskart, while Platinum Jasmine A 2018 Trust (acting through its trustee, Platinum Owl C 2018 RSC Limited) held the second largest chunk of the company’s shareholding at 12.45%. 

Lenskart cofounder Peyush held 10.28% stake, Neha held 7.74%, Chaudhary held 0.98% and Kapahi held 0.96%. 

Premji Invest, through its PI Opportunities Fund-II held 5.13% stake in the company. 

Notably, Singapore-based Temasek Holdings (Private) Limited, through its subsidiary Macritchie Investment Pte. Ltd, held 4.86% stake on the day of DRHP filing. 

Venture capital firm Unilazer Alternative Ventures LLP held 3.94% stake in Lenskart. 

Alpha Wave Ventures collectively held 7.74% through its two funds, Alpha Wave Ventures LP (3.93%) and Alpha Wave Ventures II LP (3.81%). 

Steadview Capital Mauritius Limited held 3.42% stake in the startup. 

Kedaara Capital Advisory Services LLP, through its two funds Kedaara Capital Fund II LLP and Kedaara Capital Fund III, LLP held a total of 4.81% stake. 

Birdseye View Holdings II Pte. Ltd held 2.2%, while Dove Investments Limited held 2.06% stake in Lenskart. 

From the total proceeds of IPO, Lenskart will allocate INR 272.6 Cr for capex to build and equip new Company Owned, Company Operated (CoCo) stores. Another INR 591.4 Cr will be spent on lease, rent and licence-related payments for CoCo stores, operated by the company. 

Additionally, INR 213.3 Cr will be used for upgrading and expanding technology systems and cloud infrastructure, while INR 320 Cr is earmarked for advertising, brand promotion and marketing to boost public awareness and attract new customers.

The company may raise up to INR 430 Cr through a pre-IPO placement, as per its DRHP. 

Founded in 2010 by Peyush Bansal, Neha Bansal, Amit Chaudhury and Sumeet Kapahi, Lenskart is an omnichannel eyewear retailer serving customers in India, the UAE, Singapore, and Japan. The company claims to have over 2,500 stores and a customer base of 2 Cr.

Till date, the company has raised over $1.75 Bn from investors, including ChrysCapital, Abu Dhabi Investment Authority and Temasek, among others. Lenskart caters to multiple customer segments through various brands. Its premium offerings include John Jacobs and Owndays (acquired in 2022), while other brands include Lenskart Air, Vincent Chase, hustlr, and Hooper Kids.

The IPO-bound company currently operates 2,723 stores, of which 2,067 are in India and 656 globally. Notably, 45% of its Indian revenue comes from customers who engage digitally.

On the financial front, Lenskart turned profitable in the financial year ended March 2025 (FY25), posting a net profit of INR 297.3 Cr as against a net loss of INR 10.1 Cr in the same period last year. 

The company turned profitable on the back of improvement in margins. Lenskart’s operating revenue jumped 22.5% to INR 6,652.5 Cr in FY25 from INR 5,427.7 Cr in FY24. 

Decoding The Leadership Deck 

 

Board Of Directors

Peyush Bansal

Peyush Bansal is the chairman, managing director, chief executive officer, cofounder and promoter of Lenskart. He was previously associated with Microsoft Corporation, US. Bansal is responsible for shaping and driving the company’s strategic direction, innovation and growth.

In the financial year 2025, he received a total remuneration of INR 5.8 Cr.

Neha Bansal

Neha Bansal is the executive director, global head of merchandising, cofounder and promoter of Lenskart. She has been associated with the company since May 19, 2008. Bansal is responsible for strategic planning, optimisation and development of the merchandising function. 

In FY25, she received a total remuneration of INR 2.3 Cr.

Amit Chaudhary

Amit Chaudhary is the executive director, global head of expansion, cofounder and promoter of Lenskart. He has been associated with the company since July 8, 2009, and is responsible for the company’s expansion strategy and scaling up its operations across new markets and geographies. 

In FY25, Chaudhary received a total remuneration of INR 2.7 Cr.

Ashish Kashyap

Ashish Kashyap is an independent director at Lenskart. He is the founder, managing director and chief executive officer of INDmoney. Previously, Kashyap was associated as the founder and group chief executive officer of Ibibo Group and with Times Internet Limited. 

He is entitled to receive remuneration of INR 0.3 Cr per annum.

Bijou Kurien

Bijou Kurien is an independent director at Lenskart. He was previously associated with Hindustan Lever Limited and Titan Watches Limited as regional manager of Calcutta and as the chief executive of the lifestyle business at Reliance Industries Limited. Kurien also serves on the boards of IIFL Finance Limited, LTI Mindtree Limited, Brigade Hotel Ventures Limited and Shadowfax Technologies Limited. 

He is entitled to receive remuneration of INR 0.3 Cr per annum.

Jayesh Tulsidas Merchant

Jayesh Tulsidas Merchant is an independent director at Lenskart. He was previously associated with Asian Paints as chief financial officer, company secretary and president – industrial joint ventures; with UTV Software Communications as chief financial officer; with ION Exchange India as group vice president (finance) and company secretary; and with Castrol as assistant company secretary. 

He is entitled to receive remuneration of INR 0.4 Cr per annum.

Sayali Karanjkar

Sayali Karanjkar is an independent director at Lenskart. She was previously associated as a cofounder and chief business officer of PaySense Services India Private Limited and as an associate with A.T. Kearney Inc. 

Karanjkar is entitled to receive remuneration of INR 0.3 Cr per annum.

Anant Gupta

Anant Gupta is a nominee director (non-executive) on the Lenskart board. He is currently a partner at Kedaara Capital Business Services LLP. Gupta was previously associated with Goldman Sachs & Co., IDFC Private Equity Company Limited, Tata Capital Limited, and ITC Limited’s New Business Development team.

Key Managerial Personnel 

Abhishek Gupta

Abhishek Gupta is the chief financial officer of Lenskart and has been associated with it since August 26, 2024. He is responsible for managing financial planning, controllership and strategic financial decision-making at a global level.

In FY25, Gupta received a total remuneration of INR 1.8 Cr, which includes provisions for incentives amounting to INR 29.9 Lakh, payable in FY26.

Preeti Gupta

Preeti Gupta is the company secretary and chief compliance officer of Lenskart and has been associated with it since October 20, 2014. She is responsible for corporate law compliance and secretarial functions.

In FY25, Gupta received a total remuneration of INR 28.7 Lakh, which includes provisions for incentives amounting to INR 3.7 Lakh, payable in FY26.

Ramneek Khurana

Ramneek Khurana is the global head of technology of Lenskart and has been associated with it since May 14, 2012. He is responsible for global tech strategy, digital transformation initiatives and AI initiatives.

In FY25, Khurana received a total remuneration of INR 2.1 Cr, which includes provisions for incentives amounting to INR 44.9 Lakh, payable in FY26.

Ashwani Agarwal

Ashwani Agarwal is the global head of operations of Lenskart and has been associated with it since July 12, 2021. He is responsible for driving global operational strategy and enhancing core business processes.

In FY25, Agarwal received a total remuneration of INR 1.99 Cr, which includes provisions for incentives amounting to INR 49.3 Lakh, payable in FY26.

Sumeet Kapahi

Sumeet Kapahi is the global head of sourcing, cofounder and promoter of Lenskart. He has been associated with the company since September 29, 2011. He is responsible for sourcing strategy, supplier management and cost optimisation.

In FY25, Kapahi received a total remuneration of INR 2.25 Cr, which includes provisions for incentives amounting to INR 50 Lakh, payable in FY26.

Takeshi Umiyama

Takeshi Umiyama is the head of Southeast Asia and Japan division of Lenskart. He has been associated with Owndays Singapore Pte. Ltd. and Owndays Co., Ltd., subsidiaries of the company, since April 18, 2016, and October 1, 2013, respectively. He is responsible for business growth, operations and strategic initiatives across Southeast Asia and Japan.

In FY25, Umiyama received a total remuneration of INR 1.84 Cr from Owndays Singapore Pte. Ltd. and Owndays Co., Ltd.

Natraj Choudhury

Natraj Choudhury is the head of engineering of Lenskart and has been associated with it since January 16, 2025. He is responsible for engineering functions and overseeing technology infrastructure to support scalable growth.

In FY25, Choudhury received a total remuneration of INR 52.8 Lakh, which includes provisions for incentives amounting to INR 10.3 Lakh, payable in FY26.

Lavanya Chandan

Lavanya Chandan is the general counsel of Lenskart and has been associated with it since February 21, 2022. He is responsible for legal and regulatory matters, public affairs and driving the company’s ESG agenda globally.

In FY25, Chandan received a total remuneration of INR 1.38 Cr, which includes provisions for incentives amounting to INR 9.5 Lakh, payable in FY26.