About Mgi Distribution Private Limited
Data last updated:
Mgi Distribution Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Mgi Luxury Group Sarl. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 13 October 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2021PTC153039. Its GSTIN is 29AAPCM0704K1Z7 (Karnataka).
The company has an authorised share capital of ₹7.15 Cr and a paid-up capital of ₹6.67 Cr. It is led by directors including Akshay Gopal and James Edward Halpin.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.77 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net loss of ₹12.97 Cr (net margin -7.1%) and EBITDA of -₹11.08 Cr (EBITDA margin -6%). Revenue has grown at a compounded annual rate (CAGR) of 215% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bizotico.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressIndiqube Epsilon 2nd Floor Amar Jyothi House, Building No. 57 – 82 Domlur Village 100 Feet Rd, Bangalore, Karnataka, India – 560071
- IndustryConsumer Goods, Accessories Retail & Distribution
- 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
Business Activity of Mgi Distribution Private Limited
The main business activity of Mgi Distribution is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | 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 Mgi Distribution Private Limited FY 2025 filings available
Mgi Distribution Private Limited reported revenue of ₹183.77 Cr (up 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mgi Distribution Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 215% over three years, including 57% growth in the latest year. EBITDA fell 236% 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 Mgi Distribution Private Limited
| 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 | -₹11.08 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.97 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 | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Mgi Distribution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -6% | •••• | •••• | •••• |
| Net Profit Margin | -7.1% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
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 Mgi Distribution are in the company report.
Financial statements from FY 2022
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 Mgi Distribution Private Limited
Mgi Distribution has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Gopal | Director | 13 Oct 2021 | 5 Years 0 Months | Current |
| James Edward Halpin Also directs: Movado Group Private Limited | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
| Mitchell Cole Sussis Also directs: Movado Group Private Limited | Director | 25 Jul 2025 | 1 Years 2 Months | Current |
Peer Comparison of Mgi Distribution Private Limited
Mgi Distribution Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Accessories Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Genesis La Mode Private Limited | ₹203.95 Cr (FY 2022) | •••• | •••• | 79.0% | •••• | Mumbai, Maharashtra, India |
| MSP Retail Private Limited | ₹198.14 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Kochi, Kerala, India |
| Talenteq Technology ( India) Private Limited | ₹195.24 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Leg Godt India Private Limited | ₹193.8 Cr (FY 2025) | •••• | •••• | 40.0% | •••• | Mumbai, Maharashtra, India |
| Swiss Military Consumer Goods Limited Listed | ₹193.4 Cr (FY 2024) | •••• | •••• | 48.0% | •••• | New Delhi, Delhi, India |
| Mgi Distribution Private Limited this company | ₹183.77 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Bangalore, Karnataka, India |
| Hermes India Retail and Distributors Private Limited | ₹176.05 Cr (FY 2022) | •••• | •••• | 57.0% | •••• | Mumbai, Maharashtra, India |
| Pashupati Commerce Private Limited | ₹175.31 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Applyboard India Services Private Limited | ₹171.19 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Gurgaon, Haryana, India |
| Guess? India Private Limited | ₹168.45 Cr (FY 2025) | •••• | •••• | 150.0% | •••• | Gurgaon, Haryana, India |
| Nasher Miles Private Limited | ₹167.79 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mgi Distribution by revenue in the Consumer Products industry (Accessories Retail and Distribution), 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 Mgi Distribution Private Limited
Mgi Distribution Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants 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 Mgi Distribution 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 Mgi Distribution Private Limited
Mgi Distribution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Mgi Distribution Private Limited
Mgi Distribution Private Limited has 6 MSME Form 1 returns on record between 2022 and 2023, listing 30 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Universal Design Build | •••• | •••• | •••• |
| Qrated Sports Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Mgi Distribution Private Limited
Mgi Distribution Private Limited has a workforce of 0 employees as of Apr 08, 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 Mgi Distribution Private Limited
Mgi Distribution Private Limited has 7 board changes on record since 2021: 5 appointments and 2 cessations. The latest: Xavier Rodolphe Jerome Gauderlot ceased to be Director on 26 Jul 2025.
Credit Ratings, Litigation & Regulatory Alerts for Mgi Distribution 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.
Subsidiaries & Group Companies of Mgi Distribution 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 Mgi Distribution Private Limited
Mgi Distribution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAPCM0704K1Z7 | Karnataka | Active | 24 Oct 2021 |
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 Mgi Distribution 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.
Frequently Asked Questions about Mgi Distribution Private Limited
Mgi Distribution is an active private limited company based in Bangalore, Karnataka, India. The company works in accessories retail and distribution, within the consumer goods industry. It was incorporated on 13 October 2021 (5+ years old) and is registered under CIN U51909KA2021PTC153039.
Mgi Distribution reported revenue of ₹183.77 Cr for FY 2025 (up 57% YoY).
Mgi Distribution has 3 current directors:
- Akshay Gopal - Director
- James Edward Halpin - Director
- Mitchell Cole Sussis - Director
Mgi Distribution reported a net loss of ₹12.97 Cr (net margin -7.1%) and EBITDA of -₹11.08 Cr (EBITDA margin -6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mgi Distribution is 215% over three years. In the latest year (FY 2025) revenue rose 57%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mgi Distribution is 29AAPCM0704K1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Mgi Distribution is U51909KA2021PTC153039. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mgi Distribution was incorporated on 13 October 2021, making it 5+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Mgi Distribution by revenue are Genesis La Mode Private Limited, MSP Retail Private Limited, Talenteq Technology ( India) Private Limited, Leg Godt India Private Limited, Swiss Military Consumer Goods Limited and 5 more, all in the Consumer Products industry (Accessories Retail and Distribution).
Xavier Rodolphe Jerome Gauderlot ceased to be Director on 26 Jul 2025. Mitchell Cole Sussis was appointed as Director on 25 Jul 2025. Ajay Kumar Gopal ceased to be Director on 01 Apr 2022. Mgi Distribution has 7 board changes on record in total.
Mgi Distribution has 6 MSME Form 1 returns on record between 2022 and 2023, listing 30 overdue payments to 6 micro and small suppliers. The latest return was filed on 15 Dec 2023.
Mgi Distribution can be reached through the website bizotico.com. Its registered office is in Bangalore, Karnataka, India.