Fortune MNC 500 India 2026 edition
Rank#31- Total income
- ₹29,266 Cr
- Profit
- ₹288 Cr
Last year #28
Xiaomi Technology India Private Limited - consumer electronics & durables in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹25,984 Cr
▼ 3% YoY
Net profit · FY 2024
₹288.36 Cr
Net margin 1.1%
EBITDA · FY 2024
₹543.85 Cr
EBITDA margin 2.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹2.07 Lakh
Issued & subscribed
Open charges
₹90,000
Satisfied ₹1.05 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
1,036
Provident fund records
About Xiaomi Technology India Private Limited
Data last updated:
Xiaomi Technology India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Xiaomi Singapore Pte Ltd. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 07 October 2014 and has been in existence for over 12 years.
Xiaomi Technology India is ranked #31 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014FTC076704. Its GSTIN is 29AAACX1645B1ZK (Karnataka). The company holds 22 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.07 Lakh. It is led by directors Varun Sabhash Madan and Sudhin Mathur.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹25,984 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹288.36 Cr (net margin 1.1%) and EBITDA of ₹543.85 Cr (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 6% over five years.
The company has about 1,036 employees on its provident fund (EPFO) records.
The company is associated with 20 brands, including Affinity International Realty, Varalikami, AssistedCareMI, Storygami, I Heart Umami and others. As per MCA filings, the company has open charges of ₹90,000 and satisfied charges of ₹1.05 Cr on record. Court records list 121 cases involving the company, including 80 filed by the company and 41 filed against it; 43 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in March 2019. The company has 20 MSME Form 1 returns on record between 2019 and 2024, listing 2,321 overdue payments to 195 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mi.com.
Company details
CIN U72200KA2014FTC076704
Registration Number 076704
Incorporation Date 07 October 2014
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Xiaomi Singapore Pte Ltd
Compliance Status Active Compliant
Recognitions & Rankings of Xiaomi Technology India
Contact details
Xiaomi Technology India Private Limited's registered office is in Bengaluru, Karnataka. Its website is mi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOrchid(Blocke) Groundfloorto4Thfloor Embassytechvillage Marathahalli – Sarjapurouter, Ring Road, Bengaluru, Karnataka, India – 560103
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Xiaomi Technology India Private Limited, buy the company report.
Comprehensive company report
Xiaomi Technology India 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
Xiaomi Technology India operates multiple associated brands including Affinity International Realty, Varalikami, and AssistedCareMI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers real estate services for buying, selling, and renting luxury properties in Miami areas. | affinitymiami.com | |
| Manufactures and supplies orthopaedic products to healthcare providers and professionals. | varalikami.com | |
| Provides in-home care for Medicaid beneficiaries needing assistance with daily living activities. | assistedcaremi.com | |
| It functions as an interactive video tool. | storygami.com | |
| Operates a recipe discovery platform for users. | iheartumami.com | |
| Offers a proprietary line of high-quality, natural skincare products. | devonnebydemi.com | |
| It functions as an inappropriate content. | enigmasemi.com | |
| Develops ASICs for point-of-sale applications. | mbsemi.com | |
| Provides a job matching service for part-time job seekers. | matchimi.com | |
| Offers unified telecommunications solutions for call activity automation. | phonami.com | |
| Develops innovative modular benchtop bioreactors for biotechnology and life sciences. | jfermi.com | |
| A blog page dedicated to Xiaomi India updates. | xiaomiindia.in | |
| Subscription-based streaming of Chinese music is offered by Xiami. | xiami.com | |
| Tool to identify the key audiences, networks, and influencers | dunami.com | |
| Multi-category consumer electronics are offered through an internet-first model. | mi.com | |
| Ebooks and magazines are accessed via subscription-based cloud platform. | legimi.com | |
| Design for Manufacturability software is developed for IC yield optimization. | anchorsemi.com | |
| SaaS-based analytics solutions for e-commerce businesses | bajomi.com | |
| Provider of insurance mortgage and underwriting services | nationalmi.com | |
| Microelectro-mechanical systems including vacuum gauges and sensors are developed. | chenyi-pmi.com |
Business activity
The main business activity of Xiaomi Technology India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Xiaomi Technology India Private Limited, buy the company report.
Financials of Xiaomi Technology India Private Limited
FY 2024 filings availableXiaomi Technology India Private Limited reported revenue of ₹25,984 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹25,984 Cr ▼ 3%
Net profit · FY 2024
₹288.36 Cr margin 1.1%
EBITDA · FY 2024
₹543.85 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▼ 10%
5 years · compounded
▼ 6%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 3%
5 years · compounded
▲ 36%
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 3% fall in the latest year. EBITDA rose 16% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹543.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹288.36 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 1.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Xiaomi Technology India Private Limited, buy the company report.
Board of directors of Xiaomi Technology India Private Limited
Xiaomi Technology India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Sabhash Madan | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Sudhin Mathur | Director | 21 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Xiaomi Technology India Private Limited is audited by Price Waterhouse Char tered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Char tered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Xiaomi Technology India 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 Xiaomi Technology India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹90,000
Satisfied charges
₹1.05 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2023 | 100669816 | Idbi Bank Limited | ₹90,000 | Open | |
| 16 Jan 2018 | 100177792 | Others | ₹5 Lakh | Satisfied | |
| 12 Jun 2017 | 100114601 | Citi Bank N.A. | ₹1 Cr | Satisfied |
To see the full charge records of Xiaomi Technology India Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Xiaomi Technology India Private Limited has 2 deals on record (2 rights issues); the latest was in March 2019.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹2,000 Cr | Investors: an individual |
| Jan 2019 | Rights issue | ₹1,500 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Xiaomi Technology India Private Limited has 121 court cases on record: 80 filed by Xiaomi Technology India, 41 filed against it. 43 cases are pending and 78 are disposed.
Total cases
121
Filed by the company
80
Filed against the company
41
Pending
43
Disposed
78
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 91 | 16 | 36 |
| District courts | 26 | 23 | 6 |
| Supreme Court | 4 | 2 | 1 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company by Ucast Media Private Limited | Pending |
| High Court | Arbitration matter | Filed by the company against M/S Kerry Indev Logistics Pvt Ltd., | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Conqueror Innovations Private Limited & Anr. | Pending |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by M/S.Premium Lifestyle and Fashion India Pvt., Ltd.,Repby Asran Ullah Khan,S/O.Mohd Fazal Ullah Khan | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Conqueror Innovations Private Limited . & Anr. | Disposed |
To see the full case history of Xiaomi Technology India 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
Xiaomi Technology India Private Limited has 20 MSME Form 1 returns on record between 2019 and 2024, listing 2,321 overdue payments to 195 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 195)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sai Balaji Digitals Private Limited | |||
| Eyedea Advertisement | |||
| Plumage Technology Private Limited | |||
| an individual supplier | |||
| NS Event Management Private Limited |
To see the full MSME payment records of Xiaomi Technology India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Xiaomi Technology India Private Limited has a workforce of 1,036 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
1,036
Active EPFO establishments
1
Employee growth
-27.65%
GST
Xiaomi Technology India has 22 GST registrations: 17 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
17
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACX1645B1ZK | Karnataka | Active | 01 Jul 2017 |
| 03AAACX1645B1ZY | Punjab | Active | 01 Jul 2017 |
| 04AAACX1645B1ZW | Chandigarh | Active | 01 Jul 2017 |
| 06AAACX1645B1ZS | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Xiaomi Technology India Private Limited, buy the company report.
Recent activity
Xiaomi Technology India Private Limited has 7 board changes on record since 2017: 2 appointments and 5 cessations. The latest: Sudhin Mathur ceased to be Additional Director on 29 Sep 2025.
Ceased
Sudhin Mathur ceased to be Additional Director.
Appointed
Sudhin Mathur was appointed as Director.
AGM
Xiaomi Technology India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Varun Sabhash Madan was appointed as Director.
Filing
Xiaomi Technology India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Idbi Bank Limited amounted to Rs. 0.90 Lakh with Charge ID 100669816 was registered on 06 Jan 2023.
Charges
A charge registered on 16 Jan 2018 via Charge ID 100177792 with Others was fully satisfied on 06 Apr 2022.
Ceased
Muralikrishnan Balasubramanian ceased to be Additional Director.
Charges
A charge registered on 12 Jun 2017 via Charge ID 100114601 with Citi Bank N.A. was fully satisfied on 29 Nov 2021.
Ceased
Manu Kumar Jain ceased to be Managing Director.
Charges
A charge with Others amounted to Rs. 5.00 Lakh with Charge ID 100177792 was registered on 16 Jan 2018.
Charges
A charge with Citi Bank N.A. amounted to Rs. 100.00 Lakh with Charge ID 100114601 was registered on 12 Jun 2017.
3 earlier events are in the company report.
News
Frequently asked questions
Xiaomi Technology India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 07 October 2014 (12+ years old) and is registered under CIN U72200KA2014FTC076704.
Xiaomi Technology India has 2 current directors:
- Varun Sabhash Madan - Director
- Sudhin Mathur - Director
The latest financial statements of Xiaomi Technology India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Xiaomi Technology India is 29AAACX1645B1ZK, registered in Karnataka. The company has 22 GST registrations in all, of which 17 are active and 5 are cancelled or inactive. Other active GSTINs include 03AAACX1645B1ZY (Punjab), 04AAACX1645B1ZW (Chandigarh), 06AAACX1645B1ZS (Haryana).
The CIN (Corporate Identification Number) of Xiaomi Technology India is U72200KA2014FTC076704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xiaomi Technology India has 121 court cases on record: 80 filed by the company and 41 filed against it. 43 are pending. Most are in the high courts.
Xiaomi Technology India was incorporated on 07 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Xiaomi Technology India has 2 deals on record (2 rights issues); the latest was in March 2019.
Sudhin Mathur ceased to be Additional Director on 29 Sep 2025. Sudhin Mathur was appointed as Director on 21 Jan 2025. Varun Sabhash Madan was appointed as Director on 30 Sep 2024. Xiaomi Technology India has 7 board changes on record in total.
Xiaomi Technology India has 20 MSME Form 1 returns on record between 2019 and 2024, listing 2,321 overdue payments to 195 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Xiaomi Technology India can be reached through the website mi.com. Its registered office is in Bengaluru, Karnataka, India.