MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0169797
March Work Private Limited - e-commerce in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.81 Cr
▲ 41% YoY
Net loss · FY 2025
₹27.9 Lakh
Net margin -2.4%
EBITDA · FY 2025
-₹16.78 Lakh
EBITDA margin -1.4%
Authorised capital
₹1.15 Cr
Registered with MCA
Paid-up capital
₹69.35 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
2
GST registered
About March Work Private Limited
Data last updated:
March Work Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the online apparel retail segment of the e-commerce sector. It was incorporated on 29 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U51100PN2016PTC164206. Its GSTIN is 27AAKCM3167D1ZG (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.15 Cr and a paid-up capital of ₹69.35 Lakh. It is led by directors Ashish Harish Acharya and Sukhmin Singh Ravinder Singh Dugal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No. 301 Peacock Palace 208 North Avenue Kalyani Nagar, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.81 Cr, a growth of 41% compared to the previous year. For the same year it recorded a net loss of ₹27.9 Lakh (net margin -2.4%) and EBITDA of -₹16.78 Lakh (EBITDA margin -1.4%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 27% over five years.
The company is associated with 1 brand: March. Court records list 2 cases involving the company, including 2 filed by the company. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.75 Cr; the latest was in May 2022. Its 3 peer companies in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 1 smaller; the largest is Textile Export India Private Limited with revenue of ₹11.95 Cr.
March Work Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0169797). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website marchtee.com.
Company details
CIN U51100PN2016PTC164206
Registration Number 164206
Incorporation Date 29 April 2016
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0169797
CIN history
March Work has one previous CIN (Corporate Identification Number): U36100PN2016PTC164206. The current CIN is U51100PN2016PTC164206, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51100PN2016PTC164206 | Current |
| U36100PN2016PTC164206 | Previous |
Recognitions & Rankings of March Work
Contact details
March Work Private Limited's registered office is in Pune, Maharashtra. Its website is marchtee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 301 Peacock Palace 208 North Avenue Kalyani Nagar, Pune, Maharashtra, India – 411014
- IndustryE-Commerce, Online Apparel Retail
To see the full contact details of March Work Private Limited, buy the company report.
Comprehensive company report
March Work Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
March Work operates one associated brand: March. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| T-shirts from supima cotton are sold online by March. | marchtee.com |
Business activity
The main business activity of March Work is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of March Work Private Limited, buy the company report.
Financials of March Work Private Limited
FY 2025 filings availableMarch Work Private Limited reported revenue of ₹11.81 Cr (up 41% YoY) for FY 2025.
Revenue · FY 2025
₹11.81 Cr ▲ 41%
Net loss · FY 2025
₹27.9 Lakh margin -2.4%
EBITDA · FY 2025
-₹16.78 Lakh margin -1.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 42%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▼ 57%
5 years · compounded
▲ 19%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 41% growth in the latest year. EBITDA rose 54% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | -₹16.78 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.9 Lakh | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.4% | ||||
| Net Profit Margin | -2.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of March Work Private Limited, buy the company report.
Board of directors of March Work Private Limited
March Work has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Harish Acharya | Director | 29 Apr 2016 | 10 Years 5 Months | Current |
| Sukhmin Singh Ravinder Singh Dugal | Director | 29 Apr 2016 | 10 Years 5 Months | Current |
Peer comparison
March Work Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Textile Export India Private Limited | ₹11.95 Cr (FY 2024) | 4.0% | Surat, Gujarat, India | |||
| Balaram Saha & Sons Private Limited | ₹11.85 Cr (FY 2024) | 22.0% | Kolkata, West Bengal, India | |||
| March Work Private Limitedthis company | ₹11.81 Cr (FY 2025) | -₹27.9 Lakh | -2.4% | 41.0% | Pune, Maharashtra, India | |
| Genxlead Retail Private Limited | ₹11.67 Cr (FY 2022) | -19.0% | Thiruvallur, Tamil Nadu, India |
To see the full peer comparison of March Work Private Limited, buy the company report.
Auditor
March Work Private Limited is audited by G V P AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G V P AND ASSOCIATES | FY 2024 | 015188C |
Shareholding
The shareholding of March Work Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of March Work Private Limited, buy the company report.
Deals & funding
March Work Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.75 Cr; the latest was in May 2022.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹9.75 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round · Seed | ₹7.75 Cr | Investors: CM Airtime Promotion LLP , an individual |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: CM Airtime Promotion LLP Seller: Earth Holding (Three) LLP |
| Sep 2018 | Funding round · Seed | ₹2 Cr | Investors: Earth Holding (Three) LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
March Work Private Limited has 2 court cases on record: 2 filed by March Work. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Arbitration matter | Filed by the company against Apparel Source and Resources India and 2 Ors. | Disposed |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed by the company against Apparel Sources and Resources India Etc 2 and 2 others | Disposed |
To see the full case history of March Work Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for March Work Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
March Work has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM3167D1ZG | Maharashtra | Active | 01 Jul 2017 |
| 33AAKCM3167D1ZN | Tamil Nadu | Active | 27 Jul 2022 |
To see the full GST registrations and return filing status of March Work Private Limited, buy the company report.
Recent activity
March Work Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Ashish Harish Acharya was appointed as Director on 29 Apr 2016.
AGM
March Work Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
March Work Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Ashish Harish Acharya was appointed as Director.
Appointed
Sukhmin Singh Ravinder Singh Dugal was appointed as Director.
Incorporation
29 Apr 2016
March Work Private Limited was registered on 29 Apr 2016 with Roc Pune & aged 10 years 5 months as per MCA records.
Frequently asked questions
March Work is an active private limited company based in Pune, Maharashtra, India. The company works in online apparel retail, within the e-commerce industry. It was incorporated on 29 April 2016 (10+ years old) and is registered under CIN U51100PN2016PTC164206.
March Work has 2 current directors:
- Ashish Harish Acharya - Director
- Sukhmin Singh Ravinder Singh Dugal - Director
The latest financial statements of March Work on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of March Work is 27AAKCM3167D1ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAKCM3167D1ZN (Tamil Nadu).
The CIN (Corporate Identification Number) of March Work is U51100PN2016PTC164206. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
March Work has 2 court cases on record: 2 filed by the company. Most are in the district courts.
March Work was incorporated on 29 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
March Work has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹9.75 Cr; the latest was in May 2022.
The peers of March Work by revenue are Textile Export India Private Limited, Balaram Saha & Sons Private Limited, Genxlead Retail Private Limited, all in the Ecommerce and Internet industry (Apparel), with the same principal business activity (retail trading).
Ashish Harish Acharya was appointed as Director on 29 Apr 2016. Sukhmin Singh Ravinder Singh Dugal was appointed as Director on 29 Apr 2016.
Yes, March Work is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0169797).