About Margo Networks Private Limited
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Margo Networks Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Zee Entertainment Enterprises Limited. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 17 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284879. Its GSTIN is 27AAKCM5159P1ZN (Maharashtra). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Mittal Nitin and Ashish Ramesh Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.59 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹57.44 Cr and EBITDA of -₹39.33 Cr (EBITDA margin -457.9%). Revenue has grown at a compounded annual rate (CAGR) of 250% over three years and 72% over five years.
The company has about 134 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sugarbox. As per MCA filings, the company has open charges of ₹59.9 Lakh on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2017. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Boxnbiz Technologies Private Limited with revenue of ₹8.95 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 sugarboxnetworks.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address18th Floor A – Wing Marathon Futurex, N. M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInternet, Online Service Marketplaces
- 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
Associated Brands with Margo Networks Private Limited
Margo Networks operates one associated brand: Sugarbox. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides content delivery solutions to OTT providers | sugarboxnetworks.com |
Business Activity of Margo Networks Private Limited
The main business activity of Margo Networks is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Margo Networks Private Limited FY 2025 filings available
Margo Networks Private Limited reported revenue of ₹8.59 Cr (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Margo Networks Private Limited
Revenue fell 75% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 72%. EBITDA fell 93% 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 of Margo Networks Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹39.33 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹57.44 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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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Margo Networks Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -457.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Margo Networks are in the company report.
Financial statements from FY 2017
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.
Board of Directors of Margo Networks Private Limited
Margo Networks has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mittal Nitin | Director | 10 Nov 2022 | 3 Years 11 Months | Current |
| Ashish Ramesh Agarwal | Director | 30 Aug 2024 | 2 Years 1 Months | Current |
| Pankaj Purshottam Suroliya | Additional Director | 01 Aug 2025 | 1 Years 2 Months | Current |
| Mukund Venkatesh Galgali Also directs: Essel Finance Advisors and Managers LLP, Zbullet Enterprises Limited, Zi-Ipr Enterprises Limited and 3 more | Director | 18 Jul 2024 | 2 Years 3 Months | Current |
Peer Comparison of Margo Networks Private Limited
Margo Networks Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Boxnbiz Technologies Private Limited | ₹8.95 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Pushpanjali Consumer Products Private Limited | ₹8.94 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Zentrumhub Solutions Private Limited | ₹8.84 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Pune, Maharashtra, India |
| Gemini International Private Limited | ₹8.79 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Ten Times Online Private Limited | ₹8.62 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Margo Networks Private Limited this company | ₹8.59 Cr (FY 2025) | •••• | •••• | -75.0% | •••• | Mumbai, Maharashtra, India |
| Asiatech Hospitality Solutions Private Limited | ₹8.55 Cr (FY 2025) | •••• | •••• | 50.0% | •••• | Noida, Uttar Pradesh, India |
| Procharting Private Limited | ₹8.55 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Guwahati, Assam, India |
| Bryan & Candy (I) Private Limited | ₹8.51 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Primefort Private Limited | ₹8.49 Cr (FY 2025) | •••• | •••• | 7459.0% | •••• | Puducherry, India |
| Trini B2b Infra Private Limited | ₹8.49 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Margo Networks by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Margo Networks Private Limited
Margo Networks Private Limited is audited by Ford Rhodes Parks & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ford Rhodes Parks & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Margo Networks Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Margo Networks Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2022 | Hdfc Bank Limited | ₹20 Lakh | Open |
| 16 Apr 2021 | Hdfc Bank Limited | ₹39.9 Lakh | Open |
Total charge records: 2 View all charges
Deals & Funding of Margo Networks Private Limited
Margo Networks Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2017 | Acquisition | ₹75 Cr | Buyer: Zee Entertainment Enterprises Limited |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Margo Networks Private Limited
Margo Networks Private Limited has 2 court cases on record: 1 filed by Margo Networks, 1 filed against it. 1 case is pending and 1 is disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Railtel Corporation of India Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by an individual | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Margo Networks Private Limited
Margo Networks Private Limited has a workforce of 134 employees as of Oct 16, 2024.
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.
Recent Activity on Margo Networks Private Limited
Margo Networks Private Limited has 18 board changes on record since 2017: 4 appointments and 14 cessations. The latest: Pankaj Purshottam Suroliya was appointed as Additional Director on 01 Aug 2025.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Margo Networks 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 Margo Networks 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 Margo Networks 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.
GST Compliance of Margo Networks Private Limited
Margo Networks has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCM5159P1ZN | Maharashtra | Active | 01 Jul 2017 |
| 36AAKCM5159P1ZO | Telangana | Active | 23 Oct 2018 |
| 33AAKCM5159P1ZU | Tamil Nadu | Active | 16 Nov 2018 |
| 03AAKCM5159P1ZX | Punjab | Active | 22 Nov 2018 |
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.
MCA Filings & Documents of Margo Networks 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.
Related news about Margo Networks Private Limited
Frequently Asked Questions about Margo Networks Private Limited
Margo Networks is an active private limited company based in Mumbai, Maharashtra, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 17 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284879.
Margo Networks reported revenue of ₹8.59 Cr for FY 2025 (down 75% YoY).
Margo Networks has 4 current directors:
- Mittal Nitin - Director
- Ashish Ramesh Agarwal - Director
- Pankaj Purshottam Suroliya - Additional Director
- Mukund Venkatesh Galgali - Director
Margo Networks reported a net loss of ₹57.44 Cr and EBITDA of -₹39.33 Cr (EBITDA margin -457.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Margo Networks is 250% over three years and 72% over five years. In the latest year (FY 2025) revenue fell 75%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Margo Networks is 27AAKCM5159P1ZN, registered in Maharashtra. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAKCM5159P1ZO (Telangana), 33AAKCM5159P1ZU (Tamil Nadu), 03AAKCM5159P1ZX (Punjab).
The CIN (Corporate Identification Number) of Margo Networks is U74999MH2016PTC284879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Margo Networks has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Margo Networks was incorporated on 17 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Margo Networks has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2017.
The peers of Margo Networks by revenue are Boxnbiz Technologies Private Limited, Pushpanjali Consumer Products Private Limited, Zentrumhub Solutions Private Limited, Gemini International Private Limited, Ten Times Online Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).