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.
As per the financials filed for FY 2023, the company reported a revenue of ₹54.98 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹3.92 Cr (net margin 7.1%) and EBITDA of ₹13.53 Cr (EBITDA margin 24.6%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 14% over five years.
The company has about 266 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Navionics. Court records list 4 cases involving the company, including 4 filed by the company; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in September 2014. Its 9 peer companies in the Information Technology industry (Application Development), with the same principal business activity (other information & communication service activities) are compared by revenue, 4 larger and 5 smaller; the largest is Charu Mindworks (India) Private Limited with revenue of ₹38.73 Cr.
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.
Company details
CIN history
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 |
Contact details
Garmin Technologies Private Limited's registered office is in Hyderabad, Telangana.
- 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
Brands
Garmin Technologies operates one associated brand: Navionics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Maps and marine charts | navionics.com |
Financials of Garmin Technologies Private Limited
FY 2025 filings availableGarmin Technologies Private Limited reported revenue of ₹54.98 Cr (up 44% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 44% growth in the latest year. EBITDA rose 39% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹54.98 Cr | ||||
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| EBITDA | ₹13.53 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹3.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 24.6% | ||||
| Net Profit Margin | 7.1% | ||||
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To see the full financial statements and ratios of Garmin Technologies Private Limited, buy the company report.
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 | 7 Years 0 Months | Current |
| Daniele Palma | Director | 05 Jan 2001 | 25 Years 10 Months | Current |
| Nissankararao Raveendranadh Also directs: Garmin India Private Limited | Director | 27 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Garmin Technologies Private Limited is compared with the 9 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Garmin Technologies Private Limitedthis company | ₹54.98 Cr (FY 2023) | ₹3.92 Cr | 7.1% | 44.0% | Hyderabad, Telangana, India | |
| Charu Mindworks (India) Private Limited | ₹38.73 Cr (FY 2024) | 108.0% | Jaipur, Rajasthan, India | |||
| Ciphercloud India Private Limited | ₹38.73 Cr (FY 2022) | 23.0% | Hyderabad, Telangana, India | |||
| Metacube Solutions Private Limited | ₹38.4 Cr (FY 2025) | 17.0% | Jaipur, Rajasthan, India | |||
| Ionidea Interactive Private Limited | ₹38.38 Cr (FY 2024) | -15.0% | Bangalore, Karnataka, India | |||
| Zerone Consulting Private Limited | ₹38.02 Cr (FY 2024) | 40.0% | Ernakulam, Kerala, India | |||
| Amada Soft India P Ltd | ₹37.93 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Bigstep Technologies Private Limited | ₹37.83 Cr (FY 2024) | -16.0% | Gurgaon, Haryana, India | |||
| Visual Iq Techno Services India Private Limited | ₹37.71 Cr (FY 2025) | 37.0% | Ernakulam, Kerala, India | |||
| Chargebox Technologies Private Limited | ₹37.68 Cr (FY 2024) | 142.0% |
To see the full peer comparison of Garmin Technologies Private Limited, buy the company report.
Deals & funding
Garmin Technologies Private Limited has 1 deal on record (1 secondary share transfer); the latest was in September 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Navionics Inc Usa, an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Garmin Technologies Private Limited has 4 court cases on record: 4 filed by Garmin Technologies. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed by the company against The Assistant Commissioner of Central Tax, | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The Assistant Commissioner of Central Tax and 4 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The Additional Commissioner of Central Tax and 3 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The Deputy Commissioner of Central Tax and 4 others | Pending |
To see the full case history of Garmin Technologies 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
No delayed payments to MSME suppliers are on our record for Garmin Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Garmin Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCN2101P1ZK | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Garmin Technologies Private Limited, buy the company report.
Recent activity
Garmin Technologies Private Limited has 7 board changes on record since 2001: 3 appointments and 4 cessations. The latest: Nissankararao Raveendranadh ceased to be Additional Director on 19 Sep 2023.
News
Frequently asked questions
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 latest financial statements of Garmin Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
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 has 4 court cases on record: 4 filed by the company. 4 are pending.
Garmin Technologies was incorporated on 05 January 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
Garmin Technologies has 1 deal on record (1 secondary share transfer); the latest was in September 2014.
The peers of Garmin Technologies by revenue are Charu Mindworks (India) Private Limited, Ciphercloud India Private Limited, Metacube Solutions Private Limited, Ionidea Interactive Private Limited, Zerone Consulting Private Limited and 4 more, all in the Information Technology industry (Application Development), with the same principal business activity (other information & communication service activities).
Nissankararao Raveendranadh ceased to be Additional Director on 19 Sep 2023. Nissankararao Raveendranadh was appointed as Director on 27 Apr 2023. Michele Graziani ceased to be Additional Director on 04 Nov 2020. Garmin Technologies has 7 board changes on record in total.
Garmin Technologies can be reached through the website navionics.com. Its registered office is in Hyderabad, Telangana, India.
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