About Garmin Technologies Private Limited
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Garmin Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Navionics S.R.L. It operates in the electronic components supply segment of the technology and IT services sector. It was incorporated on 05 January 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U29304TG2001PTC035995. Its GSTIN is 36AABCN2101P1ZK (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.7 Lakh. It was formerly known as Navionics Technologies Private Limited. It is led by directors including Michele Graziani and Daniele Palma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit – 1201 Wing – B Floor – 12 Galaxy Tsiic Raidurgam Serilingampally Mandal, Hyderabad, Telangana, India – 500081.
The company has about 266 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Navionics.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navionics.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressUnit – 1201 Wing – B Floor – 12 Galaxy Tsiic Raidurgam Serilingampally Mandal, Hyderabad, Telangana, India – 500081
- IndustryInformation Technology, Electronic Components Supply, App Development
- 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
- One PDF report, delivered after checkout
CIN History of Garmin Technologies Private Limited
Garmin Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29304TG2001PTC035995, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29304TG2001PTC035995 | Current |
| U72200AP2001PTC035995 | Previous |
| U72200TG2001PTC035995 | Previous |
Associated Brands with Garmin Technologies Private Limited
Garmin Technologies operates one associated brand: Navionics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Maps and marine charts | navionics.com |
Competitors & Alternatives of Garmin Technologies Private Limited
Brands and companies operating in the same space as Garmin Technologies Private Limited include Hensoldt, Savvy Navvy, Seadronix and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Hensoldt | Developer of integrated air surveillance radar for the military and defence industry | Taufkirchen, Germany | 2017 |
 Savvy Navvy | Provider of a mobile app for marine navigation | Bournemouth, United Kingdom | 2017 |
 Seadronix | AI-powered autonomous navigation systems for ships are provided. | Daejeon, South Korea | 2015 |
 Eight Knot | AI and robotics-based autonomous navigation systems for vessels are developed. | Sakai, Japan | 2021 |
 Vatn Systems | Developer of autonomous underwater vehicles | Portsmouth, United States | 2023 |
 Avikus | AI-powered autonomous navigation systems for ships are provided. | Seoul, South Korea | 2021 |
 ChartCo | Digital navigation and maritime compliance services are offered. | Enfield, United Kingdom | 1998 |
 Simrad Yachting | Manufacturer of marine electronics | United States | 1946 |
 Neuron | Electric kick scooters are rented via a dedicated platform. | - | 2019 |
Business Activity of Garmin Technologies Private Limited
Garmin Technologies operates primarily in the information and communication and support service to organizations sectors. 2 business activities are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Information and communication | Locked | Other information & communication service activities | Locked |
| Locked | Support service to Organizations | Locked | Other support services to organizations | Locked |
Detailed business activity records
Activity codes and each activity's share of turnover are in the company report.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Board of Directors of Garmin Technologies Private Limited
Garmin Technologies has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Michele Graziani | Director | 18 Oct 2019 | 6 Years 11 Months | Current |
| Daniele Palma | Director | 05 Jan 2001 | 25 Years 9 Months | Current |
| Nissankararao Raveendranadh Also directs: Garmin India Private Limited | Director | 27 Apr 2023 | 3 Years 5 Months | Current |
Financials of Garmin Technologies Private Limited FY 2025 filings available
Garmin Technologies Private Limited reported revenue of ₹54.98 Cr for FY 2023.
Financial Statement Summary of Garmin Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹54.98 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | •••• | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.92 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Garmin Technologies Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Garmin Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Garmin Technologies Private Limited
Garmin Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Garmin Technologies Private Limited
Employment history and EPFO contributions of people linked to Garmin Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Garmin Technologies Private Limited
Garmin Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCN2101P1ZK | Telangana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Garmin Technologies Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Garmin Technologies Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Garmin Technologies Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Garmin Technologies Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Garmin Technologies Private Limited
Recent News on Garmin Technologies Private Limited
Frequently Asked Questions about Garmin Technologies Private Limited
Garmin Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in electronic components supply, within the information technology industry. It was incorporated on 05 January 2001 (25+ years old) and is registered under CIN U29304TG2001PTC035995.
Garmin Technologies has 3 current directors:
- Michele Graziani - Director
- Daniele Palma - Director
- Nissankararao Raveendranadh - Director
The GSTIN of Garmin Technologies is 36AABCN2101P1ZK, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Garmin Technologies is U29304TG2001PTC035995. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garmin Technologies was incorporated on 05 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
Garmin Technologies can be reached through the website navionics.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Garmin Technologies is at Unit – 1201 Wing – B Floor – 12 Galaxy Tsiic Raidurgam Serilingampally Mandal, Hyderabad, Telangana, India – 500081.
Garmin Technologies has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.7 Lakh.
Garmin Technologies operates in the information technology industry, in the electronic components supply segment.