About Daxer Trading Private Limited
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Daxer Trading Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Melni Company Pty Ltd. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 23 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51109KA2015PTC082963. Its GSTIN is 29AAFCD4697L1ZW (Karnataka). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.19 Cr. It is led by directors including Karthikeyan Ramachandran and Pinnala Wathagedon Hisantha Tyron Venisious.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹85.16 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net profit of ₹2.46 Cr (net margin 2.9%) and EBITDA of ₹3.72 Cr (EBITDA margin 4.4%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 21% over five years.
The company has about 167 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: DAMRO Furniture. As per MCA filings, the company has open charges of ₹45.22 Lakh and satisfied charges of ₹5 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.32 Cr; the latest was in July 2022. Its 3 peer companies in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Nageen Traders and Moulding India Private Limited with revenue of ₹88.16 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 224 overdue payments to 42 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 damroindia.com.
Company details
Contact details
Daxer Trading Private Limited's registered office is in Bangalore, Karnataka. Its website is damroindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSumo Saphire No. 738 2nd Floor 15th Cross J.P. Nagar 6th P, Hase, Bangalore, Karnataka, India – 560078
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
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- 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
Brands
Daxer Trading operates one associated brand: DAMRO Furniture. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of furniture | damroindia.com |
Business activity
The main business activity of Daxer Trading 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 Daxer Trading Private Limited, buy the company report.
Financials of Daxer Trading Private Limited
FY 2024 filings availableDaxer Trading Private Limited reported revenue of ₹85.16 Cr (down 48% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 21% over five years, including a 48% fall in the latest year. EBITDA fell 40% 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 | ₹3.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.46 Cr | ||||
| Balance Sheet | |||||
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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 | 4.4% | ||||
| Net Profit Margin | 2.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Daxer Trading Private Limited, buy the company report.
Board of directors of Daxer Trading Private Limited
Daxer Trading has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthikeyan Ramachandran | Director | 23 Sep 2015 | 11 Years 1 Months | Current |
| Pinnala Wathagedon Hisantha Tyron Venisious | Director | 23 Sep 2015 | 11 Years 1 Months | Current |
| Ramanayake Pathirennehelage Damitha Ramanayake Also directs: Damro Furniture Private Limited, Dr Manufacturing Private Limited | Director | 23 Sep 2015 | 11 Years 1 Months | Current |
Peer comparison
Daxer Trading Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nageen Traders and Moulding India Private Limited | ₹88.16 Cr (FY 2024) | 62.0% | Bahraich, Uttar Pradesh, India | |||
| Daxer Trading Private Limitedthis company | ₹85.16 Cr (FY 2025) | ₹2.46 Cr | 2.9% | -48.0% | 167 | Bangalore, Karnataka, India |
| Rajasthan Machinery Mart Pvt Ltd | ₹84 Cr (FY 2024) | 7.0% | Road, Udaipur, Rajasthan, India | |||
| Studio19 Offices Private Limited | ₹75.85 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Daxer Trading Private Limited, buy the company report.
Auditor
Daxer Trading Private Limited is audited by CNGSN & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNGSN & Associates LLP | FY 2023 | 04915S/S200036 |
Shareholding
The shareholding of Daxer Trading 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Daxer Trading Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2021 | 100445220 | Axis Bank Limited | ₹17.49 Lakh | Open | |
| 15 Jan 2021 | 100428404 | Axis Bank Limited | ₹27.73 Lakh | Open | |
| 15 Nov 2022 | 100629025 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Daxer Trading Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Daxer Trading Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.32 Cr; the latest was in July 2022.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Melni Company Pty Ltd & Ramanayake Pathirennehelage Damitha Ramanayake, Melni Company Pty Ltd Seller: Damro Holdings Pte. Ltd., an individual |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Damro Holdings Pte. Ltd. Seller: Melni Investments Pty Ltd |
| Sep 2016 | Funding round | ₹1.32 Cr | Investors: Damro Holdings Pte. Ltd. |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Melni Investments Pty Ltd Seller: an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Daxer Trading Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Daxer Trading 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
Daxer Trading Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 224 overdue payments to 42 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 42)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Dr Manufacturing Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Daxer Trading Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Daxer Trading Private Limited has a workforce of 167 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Daxer Trading has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCD4697L1ZW | Karnataka | Active | 01 Jul 2017 |
| 19AAFCD4697L1ZX | West Bengal | Active | 01 Jul 2017 |
| 32AAFCD4697L1Z9 | Kerala | Active | 01 Jul 2017 |
| 33AAFCD4697L1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Daxer Trading Private Limited, buy the company report.
Recent activity
Daxer Trading Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Karthikeyan Ramachandran was appointed as Director on 23 Sep 2015.
Frequently asked questions
Daxer Trading is an active private limited company based in Bangalore, Karnataka, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 23 September 2015 (11+ years old) and is registered under CIN U51109KA2015PTC082963.
Daxer Trading has 3 current directors:
- Karthikeyan Ramachandran - Director
- Pinnala Wathagedon Hisantha Tyron Venisious - Director
- Ramanayake Pathirennehelage Damitha Ramanayake - Director
The latest financial statements of Daxer Trading 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 FY 2016 are in the company report.
The GSTIN of Daxer Trading is 29AAFCD4697L1ZW, registered in Karnataka. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 19AAFCD4697L1ZX (West Bengal), 32AAFCD4697L1Z9 (Kerala), 33AAFCD4697L1Z7 (Tamil Nadu).
The CIN (Corporate Identification Number) of Daxer Trading is U51109KA2015PTC082963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Daxer Trading has 1 court case on record: 1 filed against it.
Daxer Trading was incorporated on 23 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Daxer Trading has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹1.32 Cr; the latest was in July 2022.
The peers of Daxer Trading by revenue are Nageen Traders and Moulding India Private Limited, Rajasthan Machinery Mart Pvt Ltd, Studio19 Offices Private Limited, all in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (wholesale trading).
Karthikeyan Ramachandran was appointed as Director on 23 Sep 2015. Pinnala Wathagedon Hisantha Tyron Venisious was appointed as Director on 23 Sep 2015. Ramanayake Pathirennehelage Damitha Ramanayake was appointed as Director on 23 Sep 2015.
Daxer Trading has 11 MSME Form 1 returns on record between 2019 and 2023, listing 224 overdue payments to 42 micro and small suppliers. The latest return was filed on 11 Jan 2024.
Daxer Trading can be reached through the website damroindia.com. Its registered office is in Bangalore, Karnataka, India.
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