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Meragi Events E-Commerce Private Limited - art in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹44.78 Cr
▲ 233% YoY
Net loss · FY 2025
₹50.08 Cr
Net margin -111.8%
EBITDA · FY 2025
-₹49.27 Cr
EBITDA margin -110%
Authorised capital
₹35.5 Lakh
Registered with MCA
Paid-up capital
₹19.25 Lakh
Issued & subscribed
Open charges
₹18 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
90
Provident fund records
About Meragi Events E-Commerce Private Limited
Data last updated:
Meragi Events E-Commerce Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the creative segment of the art and creative services sector. It was incorporated on 21 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U82300KA2021PTC147715. Its GSTIN is 29AAOCM6171B1ZA (Karnataka).
The company has an authorised share capital of ₹35.5 Lakh and a paid-up capital of ₹19.25 Lakh. It is led by directors including Lakshminarayan Balasubramaniam and Mukund Mohan Raj.
Its last annual general meeting (AGM) was held on 30 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4th Floor Park, Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹44.78 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹50.08 Cr (net margin -111.8%) and EBITDA of -₹49.27 Cr (EBITDA margin -110%). Revenue has grown at a compounded annual rate (CAGR) of 488% over three years.
The company has about 90 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Meragi. As per MCA filings, the company has open charges of ₹18 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹116.42 Cr; the latest was in July 2024.
For more details, the company can be reached via its website meragi.com.
Company details
CIN U82300KA2021PTC147715
Registration Number 147715
Incorporation Date 21 May 2021
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 October 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
CIN history
Meragi Events E-Commerce has one previous CIN (Corporate Identification Number): U74999KA2021PTC147715. The current CIN is U82300KA2021PTC147715, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U82300KA2021PTC147715 | Current |
| U74999KA2021PTC147715 | Previous |
Key People
Lakshminarayan Balasubramaniam Director Mukund Mohan Raj Director Abhinav Vinay Chandran Director Recognitions & Rankings of Meragi Events E-Commerce
Contact details
Meragi Events E-Commerce Private Limited's registered office is in Bengaluru, Karnataka.
- Registered AddressGround Floor & 4th Floor Park Plaza No. 215 Double Road Binnamangala 2nd Stage Hoyasala I, Ndiranagar, Bengaluru, Karnataka, India – 560038
- IndustryArt, Creative, Arts And Entertainment Activities
Comprehensive company report
Meragi Events E-Commerce 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
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Brands
Meragi Events E-Commerce operates one associated brand: Meragi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Customized wedding decorations and event services are provided. | meragi.com |
Financials of Meragi Events E-Commerce Private Limited
FY 2025 filings availableMeragi Events E-Commerce Private Limited reported revenue of ₹44.78 Cr (up 233% YoY) for FY 2025.
Revenue · FY 2025
₹44.78 Cr ▲ 233%
Net loss · FY 2025
₹50.08 Cr margin -111.8%
EBITDA · FY 2025
-₹49.27 Cr margin -110%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 233%
3 years · compounded
▲ 488%
EBITDA CAGR growth
1 year
▼ 147%
3 years · compounded
▼ 273%
Revenue has grown at a compounded annual rate (CAGR) of 488% over three years, including 233% growth in the latest year. EBITDA fell 147% 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 |
|---|---|---|---|---|
| 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 | -₹49.27 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹50.08 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 | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -110% | |||
| Net Profit Margin | -111.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Meragi Events E-Commerce Private Limited, buy the company report.
Board of directors of Meragi Events E-Commerce Private Limited
Meragi Events E-Commerce 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 |
|---|---|---|---|---|
| Lakshminarayan Balasubramaniam | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Mukund Mohan Raj | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Abhinav Vinay Chandran | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
Charges & borrowings
Open charges
₹18 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2025 | 101117380 | Others | ₹18 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Meragi Events E-Commerce Private Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹116.42 Cr; the latest was in July 2024.
Total deals
5
Funding rounds
4
Secondary share transfer
1
Disclosed funding
₹116.42 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Funding round | ₹76.19 Cr | Investors: Peak XV Partners (Sequoia India and SEA), Accel India, Venture Highway |
| Oct 2022 | Funding round · Seed | ₹35.6 Cr | Investors: Surge, Venture Highway |
| Oct 2021 | Funding round · Seed | ₹1 Cr | Investors: LogX Ventures, Angel List |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
To see the full deal history of Meragi Events E-Commerce Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Meragi Events E-Commerce Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Patna, Bihar | Court case (Cr. Case Complaint (P)) | Filed against the company by an individual | Pending |
To see the full case history of Meragi Events E-Commerce 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 Meragi Events E-Commerce Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Meragi Events E-Commerce has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCM6171B1ZA | Karnataka | Active | 14 Oct 2021 |
To see the full GST registrations and return filing status of Meragi Events E-Commerce Private Limited, buy the company report.
Recent activity
Meragi Events E-Commerce Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Abhinav Vinay Chandran ceased to be Additional Director on 29 Sep 2024.
AGM
Meragi Events E-Commerce Private Limited last Annual general meeting of members was held on 30 Oct 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1,800.00 Lakh with Charge ID 101117380 was registered on 15 Apr 2025.
Filing
Meragi Events E-Commerce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Abhinav Vinay Chandran ceased to be Additional Director.
Appointed
Abhinav Vinay Chandran was appointed as Director.
Appointed
Lakshminarayan Balasubramaniam was appointed as Director.
Appointed
Mukund Mohan Raj was appointed as Director.
Incorporation
21 May 2021
Meragi Events E-Commerce Private Limited was registered on 21 May 2021 with Roc Bangalore & aged 5 years 5 months as per MCA records.
From our blog
Frequently asked questions
Meragi Events E-Commerce is an active private limited company based in Bengaluru, Karnataka, India. The company works in creative, within the art industry. It was incorporated on 21 May 2021 (5+ years old) and is registered under CIN U82300KA2021PTC147715.
Meragi Events E-Commerce has 3 current directors:
- Lakshminarayan Balasubramaniam - Director
- Mukund Mohan Raj - Director
- Abhinav Vinay Chandran - Director
The latest financial statements of Meragi Events E-Commerce on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Meragi Events E-Commerce is 29AAOCM6171B1ZA, registered in Karnataka.
The CIN (Corporate Identification Number) of Meragi Events E-Commerce is U82300KA2021PTC147715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Meragi Events E-Commerce has 1 court case on record: 1 filed against it. 1 is pending.
Meragi Events E-Commerce was incorporated on 21 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
Meragi Events E-Commerce has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹116.42 Cr; the latest was in July 2024.
Abhinav Vinay Chandran ceased to be Additional Director on 29 Sep 2024. Abhinav Vinay Chandran was appointed as Director on 12 Mar 2024. Lakshminarayan Balasubramaniam was appointed as Director on 21 May 2021. Meragi Events E-Commerce has 4 board changes on record in total.
Yes, Meragi Events E-Commerce is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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