MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-HR-05-0000850
Milagrow Business & Knowledge Solutions Private Limited - e-commerce in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.01 Cr
▼ 55% YoY
Net loss · FY 2024
₹1.13 Cr
Net margin -56.4%
EBITDA · FY 2024
-₹73.59 Lakh
EBITDA margin -36.6%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.03 Lakh
Issued & subscribed
Satisfied charges
₹5 Cr
No open charges
Company age
19 yrs
Est. 2007
Employees · EPFO
5
Provident fund records
About Milagrow Business & Knowledge Solutions Private Limited
Data last updated:
Milagrow Business & Knowledge Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 06 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2007PTC160165. Its GSTIN is 06AAECM9715D1ZK (Haryana). The company holds 10 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.03 Lakh. It is led by directors Shobha Karwal and Saksham Karwal.
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 G – 61 Third Floor Nizamuddin, West Delhi, New Delhi, Delhi, India – 110013.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.01 Cr, a decline of 55% compared to the previous year. For the same year it recorded a net loss of ₹1.13 Cr (net margin -56.4%) and EBITDA of -₹73.59 Lakh (EBITDA margin -36.6%). Revenue has declined at a compounded annual rate (CAGR) of 44% over three years and 9% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Milagrow. As per MCA filings, the company has satisfied charges of ₹5 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.
Milagrow Business & Knowledge Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0000850). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website milagrowrobots.com.
Company details
CIN U74999DL2007PTC160165
Registration Number 160165
Incorporation Date 06 March 2007
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-HR-05-0000850
Key People
Shobha Karwal Director Saksham Karwal Director Recognitions & Rankings of Milagrow Business & Knowledge Solutions
Contact details
Milagrow Business & Knowledge Solutions Private Limited's registered office is in New Delhi, Delhi. Its website is milagrowrobots.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressG – 61 Third Floor Nizamuddin, West Delhi, New Delhi, Delhi, India – 110013
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Comprehensive company report
Milagrow Business & Knowledge Solutions 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
Milagrow Business & Knowledge Solutions operates one associated brand: Milagrow. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Consumer robots for domestic cleaning and maintenance tasks are developed. | milagrowhumantech.com |
Business activity
The main business activity of Milagrow Business & Knowledge Solutions 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 Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Financials of Milagrow Business & Knowledge Solutions Private Limited
FY 2024 filings availableMilagrow Business & Knowledge Solutions Private Limited reported revenue of ₹2.01 Cr (down 55% YoY) for FY 2024.
Revenue · FY 2024
₹2.01 Cr ▼ 55%
Net loss · FY 2024
₹1.13 Cr margin -56.4%
EBITDA · FY 2024
-₹73.59 Lakh margin -36.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 55%
3 years · compounded
▼ 44%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▼ 34%
5 years · compounded
▼ 38%
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 55% fall in the latest year. EBITDA rose 37% 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 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹73.59 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.13 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.6% | ||||
| Net Profit Margin | -56.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Board of directors of Milagrow Business & Knowledge Solutions Private Limited
Milagrow Business & Knowledge Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shobha Karwal | Director | 06 Mar 2007 | 19 Years 7 Months | Current |
| Saksham Karwal Also directs: Seenit Online Private Limited | Director | 29 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Milagrow Business & Knowledge Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), 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 |
|---|---|---|---|---|---|---|
| Absolute Alliance Private Limited | ₹2.01 Cr (FY 2019) | 446.0% | Nagpur, Maharashtra, India | |||
| Milagrow Business & Knowledge Solutions Private Limitedthis company | ₹2.01 Cr (FY 2024) | -₹1.13 Cr | -56.4% | -55.0% | 5 | New Delhi, Delhi, India |
| Gimme Foods Private Limited | ₹2 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India | |||
| Viranam India Private Limited | ₹2 Cr (FY 2024) | -23.0% | Jaipur, Rajasthan, India | |||
| Redster Commerce Private Limited | ₹1.99 Cr (FY 2025) | 73.0% | Triplicane, Tamil Nadu, India |
To see the full peer comparison of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Auditor
Milagrow Business & Knowledge Solutions Private Limited is audited by Goyal K & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Goyal K & Co. | FY 2023 | 029172N |
Shareholding
The shareholding of Milagrow Business & Knowledge Solutions 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Oct 2012 | 10466248 | State Bank of Travancore | ₹5 Cr | Satisfied |
To see the full charge records of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Milagrow Business & Knowledge Solutions Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, HARYANA | Court case (CRR) | Filed against the company by M/S Vie Technology Pvt. Ltd. and Anr and 1 other | Pending |
| High Court, DELHI | Court case (CRR) | Filed against the company by M/S Vie Technology Pvt. Ltd. and Another | Disposed |
| District court, Gurugram, Haryana | Court case (CRR) | Filed against the company by M/S Vie Technology Pvt. Ltd. | Disposed |
To see the full case history of Milagrow Business & Knowledge Solutions 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 Milagrow Business & Knowledge Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Milagrow Business & Knowledge Solutions Private Limited has a workforce of 5 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-61.54%
GST
Milagrow Business & Knowledge Solutions has 10 GST registrations: 1 active and 9 cancelled or inactive.
Total GSTINs
10
Active
1
Cancelled / inactive
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAECM9715D1ZK | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Milagrow Business & Knowledge Solutions Private Limited, buy the company report.
Recent activity
Milagrow Business & Knowledge Solutions Private Limited has 5 board changes on record since 2007: 2 appointments and 3 cessations. The latest: Saksham Karwal was appointed as Director on 29 Jul 2021.
AGM
Milagrow Business & Knowledge Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Milagrow Business & Knowledge Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
Appointed
Saksham Karwal was appointed as Director.
Ceased
Rajeev Karwal ceased to be Director.
Ceased
Saksham Karwal ceased to be Director.
Charges
A charge registered on 22 Oct 2012 via Charge ID 10466248 with State Bank Of Travancore was fully satisfied on 15 Apr 2016.
Ceased
Samarth Karwal ceased to be Additional Director.
Charges
A charge with State Bank Of Travancore of Rs. 5.00 Cr registered on 22 Oct 2012 with Charge ID 10466248 was modified on 21 Mar 2014.
Charges
A charge with State Bank Of Travancore amounted to Rs. 5.00 Cr with Charge ID 10466248 was registered on 22 Oct 2012.
Appointed
Shobha Karwal was appointed as Director.
Incorporation
06 Mar 2007
Milagrow Business & Knowledge Solutions Private Limited was registered on 06 Mar 2007 with Roc Delhi & aged 19 years 7 months as per MCA records.
News
Frequently asked questions
Milagrow Business & Knowledge Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 06 March 2007 (19+ years old) and is registered under CIN U74999DL2007PTC160165.
Milagrow Business & Knowledge Solutions has 2 current directors:
- Shobha Karwal - Director
- Saksham Karwal - Director
The latest financial statements of Milagrow Business & Knowledge Solutions 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 2015 are in the company report.
The GSTIN of Milagrow Business & Knowledge Solutions is 06AAECM9715D1ZK, registered in Haryana. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
The CIN (Corporate Identification Number) of Milagrow Business & Knowledge Solutions is U74999DL2007PTC160165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milagrow Business & Knowledge Solutions has 3 court cases on record: 3 filed against it. 1 is pending. Most are in the high courts.
Milagrow Business & Knowledge Solutions was incorporated on 06 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Milagrow Business & Knowledge Solutions by revenue are Absolute Alliance Private Limited, Gimme Foods Private Limited, Viranam India Private Limited, Redster Commerce Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (wholesale trading).
Saksham Karwal was appointed as Director on 29 Jul 2021. Rajeev Karwal ceased to be Director on 12 May 2021. Saksham Karwal ceased to be Director on 28 Jun 2018. Milagrow Business & Knowledge Solutions has 5 board changes on record in total.
Yes, Milagrow Business & Knowledge Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-HR-05-0000850).
Milagrow Business & Knowledge Solutions can be reached through the website milagrowrobots.com. Its registered office is in New Delhi, Delhi, India.
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