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.
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.
Company details
Contact details
Margo Networks Private Limited's registered office is in Mumbai, Maharashtra. Its website is sugarboxnetworks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address18th Floor A – Wing Marathon Futurex, N. M. Joshi Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Margo Networks 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
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
The main business activity of Margo Networks is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Margo Networks Private Limited, buy the company report.
Financials of Margo Networks Private Limited
FY 2025 filings availableMargo Networks Private Limited reported revenue of ₹8.59 Cr (down 75% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹39.33 Cr | ||||
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| Net Profit (PAT) | -₹57.44 Cr | ||||
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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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| EBITDA Margin | -457.9% | ||||
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To see the full financial statements and ratios of Margo Networks Private Limited, buy the company report.
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 |
Auditor
Margo Networks Private Limited is audited by Ford Rhodes Parks & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford Rhodes Parks & Co. LLP | FY 2023 | 102860W/W100089 |
Shareholding
The shareholding of Margo Networks Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Margo Networks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2022 | 100575105 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 16 Apr 2021 | 100442490 | Hdfc Bank Limited | ₹39.9 Lakh | Open |
Total charge records: 2 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
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 Ltd. | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by M/S. Hard Solution | Pending |
To see the full case history of Margo Networks 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 Margo Networks Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Margo Networks Private Limited has a workforce of 134 employees on its EPFO records as of Oct 16, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Margo Networks Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 4 current directors:
- Mittal Nitin - Director
- Ashish Ramesh Agarwal - Director
- Pankaj Purshottam Suroliya - Additional Director
- Mukund Venkatesh Galgali - Director
The latest financial statements of Margo Networks on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
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 district 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.
Pankaj Purshottam Suroliya was appointed as Additional Director on 01 Aug 2025. Ashish Ramesh Agarwal ceased to be Additional Director on 29 Sep 2024. Mukund Venkatesh Galgali ceased to be Additional Director on 29 Sep 2024. Margo Networks has 18 board changes on record in total.
Margo Networks can be reached through the website sugarboxnetworks.com. Its registered office is in Mumbai, Maharashtra, India.