About Mugafi Private Limited
Data last updated:
Mugafi Private Limited is a private limited company based in Dlf Qe, Haryana, India, recognised as a startup by DPIIT. It operates in the elearning and digital education segment of the education sector. It was incorporated on 22 May 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74140HR2020PTC086322. Its GSTIN is 06AAJCB0026F1Z8 (Haryana).
The company has an authorised share capital of ₹4.62 Lakh and a paid-up capital of ₹2.44 Lakh. It was formerly known as Beunlu Private Limited. It is led by directors including Vipul Agrawal and Anurag Dalia.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at DLF Qe, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.53 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net loss of ₹5.86 Cr (net margin -46.8%) and EBITDA of -₹4.94 Cr (EBITDA margin -39.5%). Revenue has grown at a compounded annual rate (CAGR) of 155% over three years.
The company is associated with 1 brand: Mugafi. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 7 deals on record (5 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹38.78 Cr; the latest was in April 2025. Its 10 peer companies in the Education industry (E Learning) are compared by revenue, 5 larger and 5 smaller; the largest is Starksten Consultants Private Limited with revenue of ₹13.27 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 unlu.io.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address108 1st Floor Splendor Spectrum Tower, Tower – 2 Sector – 58, DLF Qe, Haryana, India – 122002
- IndustryEducation, eLearning & Digital Education
- 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 Mugafi Private Limited
The main business activity of Mugafi is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment 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 Mugafi Private Limited FY 2024 filings available
Mugafi Private Limited reported revenue of ₹12.53 Cr (up 52% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mugafi Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 155% over three years, including 52% growth in the latest year. EBITDA rose 25% 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 Mugafi Private Limited
| Metrics | 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 | -₹4.94 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.86 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 Mugafi Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -39.5% | •••• | •••• | •••• |
| Net Profit Margin | -46.8% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| 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 Mugafi are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Mugafi Private Limited
Mugafi Private Limited is compared with the companies closest to it by revenue in the Education industry (E Learning). Its own revenue is ₹12.53 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Starksten Consultants Private Limited | ₹13.27 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Digital Performance Media Private Limited | ₹13.01 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Sharekhan.Com India Private Limited | ₹12.92 Cr | •••• | •••• | •••• | 43 | Mumbai, Maharashtra, India |
| Fintree Education Private Limited | ₹12.62 Cr | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Gyanlive Education Private Limited | ₹12.59 Cr | •••• | •••• | •••• | 68 | Gandhinagar, Gujarat, India |
| Mugafi Private Limited this company | ₹12.53 Cr | •••• | •••• | •••• | - | Dlf Qe, Haryana, India |
| I Dream Education Private Limited | ₹12.38 Cr | •••• | •••• | •••• | 55 | Panchkula, Haryana, India |
| Innovalance Learning Systems Private Limited | ₹12.3 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Aakash Edutech Private Limited | ₹11.82 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Greycampus Edutech Private Limited | ₹11.7 Cr | •••• | •••• | •••• | 38 | Shaikpet, Telangana, India |
| Allern Enterprises Private Limited | ₹11.67 Cr | •••• | •••• | •••• | - | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mugafi by revenue in the Education industry (E Learning), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Mugafi Private Limited
Mugafi Private Limited is audited by SKVG & CO. CHARTERED ACCOUNTANTS for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SKVG & CO. CHARTERED ACCOUNTANTS | 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.
Board of Directors of Mugafi Private Limited
Mugafi has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Agrawal Also directs: Influencia (OPC) Private Limited | Director | 22 May 2020 | 6 Years 4 Months | Current |
| Manish Trivedi | Additional Director | 27 Nov 2025 | 0 Years 10 Months | Current |
| Anurag Dalia | Director | 22 May 2020 | 6 Years 4 Months | Current |
Ownership and Shareholding of Mugafi 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 Mugafi Private Limited
Mugafi Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mugafi Private Limited
Mugafi Private Limited has 7 deals on record (5 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹38.78 Cr; the latest was in April 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Funding round | ₹25.51 Cr | Investors: Beyond Venture Partners, We Founder Circle, Mars Shot Ventures, an individual |
| Jan 2021 | Funding round · Seed | ₹5.78 Cr | Investors: Nexus Venture Partners, Lepton Software Export & Research Private Limited , 2 individuals |
| Sep 2020 | Funding round | ₹36.8 Lakh | Investors: Expert DOJO |
| Sep 2020 | Rights issue | ₹78.6 Lakh | Investors: 4 individuals |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Full deal history
All 7 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 Mugafi Private Limited
Mugafi Private Limited has 2 court cases on record: 2 filed by Mugafi. 1 case is pending and 1 is disposed. Status as checked between 21 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shahdara, Delhi | Civil suit | Filed by the company against Kathaversse Media Network Private Limited | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Google India LLC | Disposed |
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.
Associated Brands with Mugafi Private Limited
Mugafi operates one associated brand: Mugafi. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered platform for music learning and artist collaboration is offered. | mugafi.com |
Employees and EPFO Compliance at Mugafi Private Limited
Employment history and EPFO contributions of people linked to Mugafi.
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 Mugafi Private Limited
Mugafi Private Limited has 6 board changes on record since 2020: 3 appointments and 3 cessations. The latest: Anurag Dalia ceased to be Director on 27 Nov 2025.
Credit Ratings, Litigation & Regulatory Alerts for Mugafi 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 Mugafi 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 Mugafi 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 Mugafi Private Limited
Mugafi has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAJCB0026F1Z8 | Haryana | Active | 17 Jun 2020 |
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 Mugafi 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 Mugafi Private Limited
Mugafi is an active private limited company based in Dlf Qe, Haryana, India. The company works in elearning and digital education, within the education industry. It was incorporated on 22 May 2020 (6+ years old) and is registered under CIN U74140HR2020PTC086322.
Mugafi reported revenue of ₹12.53 Cr for FY 2024 (up 52% YoY).
Mugafi has 3 current directors:
- Vipul Agrawal - Director
- Manish Trivedi - Additional Director
- Anurag Dalia - Director
Mugafi reported a net loss of ₹5.86 Cr (net margin -46.8%) and EBITDA of -₹4.94 Cr (EBITDA margin -39.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mugafi is 155% over three years. In the latest year (FY 2024) revenue rose 52%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mugafi is 06AAJCB0026F1Z8, registered in Haryana.
The CIN (Corporate Identification Number) of Mugafi is U74140HR2020PTC086322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mugafi has 2 court cases on record: 2 filed by the company. 1 is pending.
Mugafi was incorporated on 22 May 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
Mugafi has 7 deals on record (5 funding rounds, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹38.78 Cr; the latest was in April 2025.
The peers of Mugafi by revenue are Starksten Consultants Private Limited, Digital Performance Media Private Limited, Sharekhan.Com India Private Limited, Fintree Education Private Limited, Gyanlive Education Private Limited and 5 more, all in the Education industry (E Learning).