About Garmin India Private Limited
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Garmin India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Garmin Nederland B.V. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 15 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72300DL2008PTC176769. Its GSTIN is 07AADCG1255B1Z6 (Delhi).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹47.67 Lakh. It is led by directors including Joshua Halley Maxfield and Douglas Gerard Boessen.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H No L – 2 – A Basement, F/P Hauz Khas Enclave, New Delhi, Delhi, India – 110016.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.22 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹10.93 Lakh (net margin -82.6%) and EBITDA of -₹10.49 Lakh (EBITDA margin -79.3%). Revenue has declined at a compounded annual rate (CAGR) of 67% over three years and 50% over five years.
The company is associated with 1 brand: Garmin International.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garmin.com.
Company details
Contact details
Garmin India Private Limited's registered office is in New Delhi, Delhi. Its website is garmin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH No L – 2 – A Basement, F/P Hauz Khas Enclave, New Delhi, Delhi, India – 110016
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Garmin India Private Limited, buy the company report.
- 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
Garmin India operates one associated brand: Garmin International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart fitness trackers and watches are developed for performance monitoring. | garmin.com |
Business activity
The main business activity of Garmin India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Garmin India Private Limited, buy the company report.
Financials of Garmin India Private Limited
FY 2025 filings availableGarmin India Private Limited reported revenue of ₹13.22 Lakh (down 95% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 50% over five years, including a 95% fall in the latest year. EBITDA fell 44% 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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| EBITDA | -₹10.49 Lakh | ||||
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| Net Profit (PAT) | -₹10.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -79.3% | ||||
| Net Profit Margin | -82.6% | ||||
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To see the full financial statements and ratios of Garmin India Private Limited, buy the company report.
Board of directors of Garmin India Private Limited
Garmin India has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joshua Halley Maxfield | Director | 07 Jan 2013 | 13 Years 10 Months | Current |
| Douglas Gerard Boessen | Director | 06 Nov 2014 | 12 Years 0 Months | Current |
| Nissankararao Raveendranadh Also directs: Garmin Technologies Private Limited | Director | 06 Jun 2023 | 3 Years 5 Months | Current |
Auditor
Garmin India Private Limited is audited by P R GANDHI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P R GANDHI & CO LLP | FY 2023 | 103020W / W100080 |
Shareholding
The shareholding of Garmin India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Garmin India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Garmin 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
No delayed payments to MSME suppliers are on our record for Garmin India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garmin India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCG1255B1Z6 | Delhi | Active | 25 Jul 2017 |
To see the full GST registrations and return filing status of Garmin India Private Limited, buy the company report.
Recent activity
Garmin India Private Limited has 13 board changes on record since 2008: 3 appointments and 10 cessations. The latest: Nissankararao Raveendranadh ceased to be Additional Director on 24 Sep 2023.
4 earlier events are in the company report.
News
Frequently asked questions
Garmin India is an active private limited company based in New Delhi, Delhi, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 15 April 2008 (18+ years old) and is registered under CIN U72300DL2008PTC176769.
Garmin India has 3 current directors:
- Joshua Halley Maxfield - Director
- Douglas Gerard Boessen - Director
- Nissankararao Raveendranadh - Director
The latest financial statements of Garmin India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Garmin India is 07AADCG1255B1Z6, registered in Delhi.
The CIN (Corporate Identification Number) of Garmin India is U72300DL2008PTC176769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garmin India was incorporated on 15 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
Nissankararao Raveendranadh ceased to be Additional Director on 24 Sep 2023. Nissankararao Raveendranadh was appointed as Director on 06 Jun 2023. Paolo Luigi Maria Soro ceased to be Additional Director on 29 Sep 2022. Garmin India has 13 board changes on record in total.
Garmin India can be reached through the website garmin.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Garmin India is at H No L – 2 – A Basement, FP Hauz Khas Enclave, New Delhi, Delhi, India – 110016.
Garmin India operates in the information technology industry, in the IT products retail and distribution segment.
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