MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0032795
DRG Labs (India) Private Limited
DRG Labs (India) Private Limited - consumer electronics & durables in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹12.02 Cr
▼ 52% YoY
Net loss · FY 2025
₹5.58 Cr
Net margin -46.5%
EBITDA · FY 2025
-₹4.97 Cr
EBITDA margin -41.4%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹2.51 Cr
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
51
Provident fund records
Directors on board
3
As per MCA filings
About DRG Labs (India) Private Limited
Data last updated:
DRG Labs (India) Private Limited is a foreign private limited company based in Delhi, India, a subsidiary of Drg Labs Private Limited. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 23 May 2022.
Its director Rahul Garg is #872 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29190DL2022FTC398803. Its GSTIN is 07AAJCD3015E1Z3 (Delhi). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.51 Cr. It is led by directors including Rahul Garg and Mitesh Karnani.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 305 – 310 Plot No. 9 10 & 11 Vardhaman Trade Centre New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.02 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹5.58 Cr (net margin -46.5%) and EBITDA of -₹4.97 Cr (EBITDA margin -41.4%).
The company has about 51 employees on its provident fund (EPFO) records.
The company has 1 deal on record (1 funding round), with disclosed funding of ₹4.49 Cr; the latest was in July 2022. Its 10 peer companies in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 5 larger and 5 smaller; the largest is Shah Bricks Private Limited with revenue of ₹12.05 Cr. The company has 8 MSME Form 1 returns on record between 2022 and 2024, listing 667 overdue payments to 54 micro and small suppliers.
DRG Labs (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0032795). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U29190DL2022FTC398803
Registration Number 398803
Incorporation Date 23 May 2022
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Drg Labs Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-08-0032795
Recognitions & Rankings of DRG Labs (India)
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #872 Rahul Garg ₹3,400 Cr
Contact details
DRG Labs (India) Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No. 305 – 310 Plot No. 9 10 & 11 Vardhaman Trade Centre New Delhi, Delhi, India – 110019
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of DRG Labs (India) Private Limited, buy the company report.
Comprehensive company report
DRG Labs (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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of DRG Labs (India) is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of DRG Labs (India) Private Limited, buy the company report.
Financials of DRG Labs (India) Private Limited
FY 2025 filings availableDRG Labs (India) Private Limited reported revenue of ₹12.02 Cr (down 52% YoY) for FY 2025.
Revenue · FY 2025
₹12.02 Cr ▼ 52%
Net loss · FY 2025
₹5.58 Cr margin -46.5%
EBITDA · FY 2025
-₹4.97 Cr margin -41.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
EBITDA CAGR growth
1 year
▼ 109%
Revenue fell 52% in the latest year. EBITDA fell 109% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹4.97 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹5.58 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
| Total Liabilities | |||
| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
| Total Assets | |||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -41.4% | ||
| Net Profit Margin | -46.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
| Interest Coverage Ratio | |||
| 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 DRG Labs (India) Private Limited, buy the company report.
Board of directors of DRG Labs (India) Private Limited
DRG Labs (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Garg Also directs: Vanik Electronics Private Limited, SBC Auto Private Limited, Mogli Finance Private Limited and 5 more | Director | 07 Jan 2025 | 1 Years 10 Months | Current |
| Mitesh Karnani Also directs: DRG Industries Private Limited | Director | 19 Feb 2025 | 1 Years 8 Months | Current |
| Sumeet Gupta Also directs: DRG Industries Private Limited | Director | 19 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
DRG Labs (India) Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shah Bricks Private Limited | ₹12.05 Cr (FY 2025) | -19.0% | Jaipur, Rajasthan, India | |||
| Lyla Blanc Private Limited | ₹12.05 Cr (FY 2025) | 337.0% | Mumbai, Maharashtra, India | |||
| Titan Zip Fastener Industries Private Limited | ₹12.04 Cr (FY 2025) | 18.0% | Delhi, India | |||
| Square A Engineering Enterprises Private Limited | ₹12.03 Cr (FY 2024) | 134.0% | Hyderabad, Telangana, India | |||
| Tritan Incense Private Limited | ₹12.03 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| DRG Labs (India) Private Limitedthis company | ₹12.02 Cr (FY 2025) | -₹5.58 Cr | -46.5% | -52.0% | 51 | Delhi, India |
| J K Paints Private Limited | ₹12 Cr (FY 2025) | -39.0% | Mumbai, Maharashtra, India | |||
| Vastuchakra Housing and Management Private Limited | ₹12 Cr (FY 2023) | Ahmedabad, Gujarat, India | ||||
| Choudhary Automart Private Limited | ₹11.99 Cr (FY 2025) | 32.0% | Sikar, Rajasthan, India | |||
| Impreglam Electronics Limited | ₹11.98 Cr (FY 2025) | 151.0% | New Delhi, Delhi, India | |||
| Scitron Nutrition (India) Private Limited | ₹11.97 Cr (FY 2025) | -56.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of DRG Labs (India) Private Limited, buy the company report.
Auditor
DRG Labs (India) Private Limited is audited by A.K. Gutgutia & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A.K. Gutgutia & Co. | FY 2023 | 000012N |
Shareholding
The shareholding of DRG Labs (India) Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of DRG Labs (India) Private Limited, buy the company report.
Deals & funding
DRG Labs (India) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹4.49 Cr; the latest was in July 2022.
Total deals
1
Funding round
1
Disclosed funding
₹4.49 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round | ₹4.49 Cr | Investors: Drg Labs Pte Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving DRG Labs (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
DRG Labs (India) Private Limited has 8 MSME Form 1 returns on record between 2022 and 2024, listing 667 overdue payments to 54 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 54)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Business Orbit | |||
| an individual supplier | |||
| Nivera Paints (India) Private Limited |
To see the full MSME payment records of DRG Labs (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
DRG Labs (India) has 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
5
Associated companies
Employees & EPFO
DRG Labs (India) Private Limited has a workforce of 51 employees on its EPFO records as of Dec 2024, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
54.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 51 |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of DRG Labs (India) Private Limited, buy the company report.
GST
DRG Labs (India) has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAJCD3015E1Z3 | Delhi | Active | 07 Jun 2022 |
| 09AAJCD3015E1ZZ | Uttar Pradesh | Active | 23 Jun 2022 |
| 29AAJCD3015E1ZX | Karnataka | Active | 24 Aug 2022 |
| 19AAJCD3015E1ZY | West Bengal | Active | 18 Oct 2022 |
To see the full GST registrations and return filing status of DRG Labs (India) Private Limited, buy the company report.
Recent activity
DRG Labs (India) Private Limited has 12 board changes on record since 2023: 4 appointments and 8 cessations. The latest: Mitesh Karnani was appointed as Director on 19 Feb 2025.
AGM
Drg Labs (India) Private Limited last Annual general meeting of members was held on 31 Jul 2025 as per latest MCA records.
Filing
Drg Labs (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Appointed
Mitesh Karnani was appointed as Director.
Ceased
Mitesh Karnani ceased to be Additional Director.
Appointed
Sumeet Gupta was appointed as Director.
Ceased
Sumeet Gupta ceased to be Additional Director.
Appointed
Rahul Garg was appointed as Director.
Ceased
Partha Sarathi Dash ceased to be Additional Director.
Ceased
Rahul Goel ceased to be Additional Director.
Ceased
Sumit Chhimwal ceased to be Additional Director.
Ceased
Rahul Garg ceased to be Director.
Appointed
Partha Sarathi Dash was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
DRG Labs (India) is an active foreign private limited company based in Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 23 May 2022 (4+ years old) and is registered under CIN U29190DL2022FTC398803.
DRG Labs (India) has 3 current directors:
- Rahul Garg - Director
- Mitesh Karnani - Director
- Sumeet Gupta - Director
The latest financial statements of DRG Labs (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of DRG Labs (India) is 07AAJCD3015E1Z3, registered in Delhi. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 09AAJCD3015E1ZZ (Uttar Pradesh), 29AAJCD3015E1ZX (Karnataka), 19AAJCD3015E1ZY (West Bengal).
The CIN (Corporate Identification Number) of DRG Labs (India) is U29190DL2022FTC398803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DRG Labs (India) was incorporated on 23 May 2022, making it 4+ years old. It is registered with the Registrar of Companies, Delhi.
DRG Labs (India) has 1 deal on record (1 funding round), with disclosed funding of ₹4.49 Cr; the latest was in July 2022.
The peers of DRG Labs (India) by revenue are Shah Bricks Private Limited, Lyla Blanc Private Limited, Titan Zip Fastener Industries Private Limited, Square A Engineering Enterprises Private Limited, Tritan Incense Private Limited and 5 more, all in the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Mitesh Karnani was appointed as Director on 19 Feb 2025. Mitesh Karnani ceased to be Additional Director on 19 Feb 2025. Sumeet Gupta was appointed as Director on 19 Feb 2025. DRG Labs (India) has 12 board changes on record in total.
Yes, DRG Labs (India) is registered as a small enterprise under Udyam registration (number: UDYAM-DL-08-0032795).
DRG Labs (India) has 8 MSME Form 1 returns on record between 2022 and 2024, listing 667 overdue payments to 54 micro and small suppliers. The latest return was filed on 25 Apr 2024.
The registered office of DRG Labs (India) is at Unit No. 305 – 310 Plot No. 9 10 & 11 Vardhaman Trade Centre New Delhi, Delhi, India – 110019.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages