DPIIT recognised startup Government of India
Startup India
Garuda Mart India Private Limited - consumer electronics & durables in Chintamani, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.97 Cr
▲ 126% YoY
Net profit · FY 2024
₹72.91 Lakh
Net margin 2.1%
EBITDA · FY 2024
₹94.7 Lakh
EBITDA margin 2.8%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹51 Lakh
Issued & subscribed
Open charges
₹14.2 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
23
Provident fund records
About Garuda Mart India Private Limited
Data last updated:
Garuda Mart India Private Limited is a private limited company based in Chintamani, Karnataka, India, recognised as a startup by DPIIT. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC101399. Its GSTIN is 29AAGCG7450D1ZK (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹51 Lakh. It is led by directors including Venkata Ramana Revuru and Lakshmi Sake.
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 Chintamani, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.97 Cr, a growth of 126% compared to the previous year. For the same year it recorded a net profit of ₹72.91 Lakh (net margin 2.1%) and EBITDA of ₹94.7 Lakh (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years and 83% over five years.
The company has about 23 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.2 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
Garuda Mart India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0025237). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website garudamartindia.com.
Company details
CIN U74999KA2017PTC101399
Registration Number 101399
Incorporation Date 16 March 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0025237
Key People
Venkata Ramana Revuru Director Lakshmi Sake Additional Director Babaiah Sake Additional Director Recognitions & Rankings of Garuda Mart India
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0025237
Contact details
Garuda Mart India Private Limited's registered office is in Chintamani, Karnataka. Its website is garudamartindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.79/1 & 80/2 KIADB Phase 1 Kaivara Hobli, Mastenahalli Industrial Area, Chintamani, Karnataka, India – 563128
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Garuda Mart India Private Limited, buy the company report.
Comprehensive company report
Garuda Mart 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 Garuda Mart India 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 Garuda Mart India Private Limited, buy the company report.
Financials of Garuda Mart India Private Limited
FY 2024 filings availableGaruda Mart India Private Limited reported revenue of ₹33.97 Cr (up 126% YoY) for FY 2024.
Revenue · FY 2024
₹33.97 Cr ▲ 126%
Net profit · FY 2024
₹72.91 Lakh margin 2.1%
EBITDA · FY 2024
₹94.7 Lakh margin 2.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 126%
3 years · compounded
▲ 58%
5 years · compounded
▲ 83%
EBITDA CAGR growth
1 year
▲ 166%
3 years · compounded
▲ 64%
5 years · compounded
▲ 97%
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years, including 126% growth in the latest year. EBITDA rose 166% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹94.7 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹72.91 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Garuda Mart India Private Limited, buy the company report.
Board of directors of Garuda Mart India Private Limited
Garuda Mart India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Ramana Revuru Also directs: Ananta Smart Roots LLP, I Secure Credit & Capital Services Limited, Mangalam Industrial Finance Ltd and 4 more | Director | 16 Mar 2017 | 9 Years 7 Months | Current |
| Lakshmi Sake | Additional Director | 02 Dec 2021 | 4 Years 11 Months | Current |
| Babaiah Sake | Additional Director | 02 Dec 2021 | 4 Years 11 Months | Current |
Peer comparison
Garuda Mart India Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances 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 |
|---|---|---|---|---|---|---|
| Itnet Infocom Private Limited | ₹34.08 Cr (FY 2024) | 8.0% | Kochi, Kerala, India | |||
| Jalan Marketing Private Limited | ₹34.03 Cr (FY 2025) | 37.0% | Chennai, Tamil Nadu, India | |||
| Garuda Mart India Private Limitedthis company | ₹33.97 Cr (FY 2024) | ₹72.91 Lakh | 2.1% | 126.0% | 23 | Chintamani, Karnataka, India |
| UK Marketing Private Limited | ₹33.91 Cr (FY 2024) | -9.0% | Thiruvananthapuram, Kerala, India | |||
| Radhey Shyam Gupta Marketing Private Limited | ₹33.88 Cr (FY 2025) | -12.0% | Mathura, Uttar Pradesh, India | |||
| Virgo Mark Private Limited | ₹33.51 Cr (FY 2025) | 2.0% | Chandigarh, India | |||
| Precious Electro Trade Private Limited | ₹33.47 Cr (FY 2025) | -6.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Garuda Mart India Private Limited, buy the company report.
Shareholding
The shareholding of Garuda Mart India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Garuda Mart India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.2 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2020 | 100403782 | Axis Bank Limited | ₹14.2 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Garuda Mart India Private Limited has 2 court cases on record: 2 filed by Garuda Mart India. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Garuda Mart India 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 Garuda Mart India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Garuda Mart India Private Limited has a workforce of 23 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
23
Active EPFO establishments
1
Employee growth
43.75%
GST
Garuda Mart India has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCG7450D1ZK | Karnataka | Active | 01 Jul 2017 |
| 36AAGCG7450D1ZP | Telangana | Active | 04 Jun 2019 |
| 37AAGCG7450D1ZN | Andhra Pradesh | Active | 15 Jun 2019 |
To see the full GST registrations and return filing status of Garuda Mart India Private Limited, buy the company report.
Recent activity
Garuda Mart India Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Yerrabommanahalli Naganna Kalavathi ceased to be Director on 03 Dec 2021.
AGM
Garuda Mart India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Garuda Mart India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Yerrabommanahalli Naganna Kalavathi ceased to be Director.
Appointed
Babaiah Sake was appointed as Additional Director.
Appointed
Lakshmi Sake was appointed as Additional Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.14 Cr with Charge ID 100403782 was registered on 29 Oct 2020.
Appointed
Venkata Ramana Revuru was appointed as Director.
Incorporation
16 Mar 2017
Garuda Mart India Private Limited was registered on 16 Mar 2017 with Roc Bangalore & aged 9 years 7 months as per MCA records.
Frequently asked questions
Garuda Mart India is an active private limited company based in Chintamani, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 March 2017 (9+ years old) and is registered under CIN U74999KA2017PTC101399.
Garuda Mart India has 3 current directors:
- Venkata Ramana Revuru - Director
- Lakshmi Sake - Additional Director
- Babaiah Sake - Additional Director
The latest financial statements of Garuda Mart India 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 2017 are in the company report.
The GSTIN of Garuda Mart India is 29AAGCG7450D1ZK, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAGCG7450D1ZP (Telangana), 37AAGCG7450D1ZN (Andhra Pradesh).
The CIN (Corporate Identification Number) of Garuda Mart India is U74999KA2017PTC101399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garuda Mart India has 2 court cases on record: 2 filed by the company.
Garuda Mart India was incorporated on 16 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Garuda Mart India by revenue are Itnet Infocom Private Limited, Jalan Marketing Private Limited, UK Marketing Private Limited, Radhey Shyam Gupta Marketing Private Limited, Virgo Mark Private Limited and 1 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Yerrabommanahalli Naganna Kalavathi ceased to be Director on 03 Dec 2021. Babaiah Sake was appointed as Additional Director on 02 Dec 2021. Lakshmi Sake was appointed as Additional Director on 02 Dec 2021. Garuda Mart India has 4 board changes on record in total.
Yes, Garuda Mart India is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Garuda Mart India is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0025237).
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