Fortune MNC 500 India 2026 edition
Rank#343- Total income
- ₹1,212 Cr
- Profit
- ₹-117 Cr
Last year #326
Nike India Private Limited - consumer goods in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1,381.34 Cr
▲ 16% YoY
Net loss · FY 2025
₹82.9 Cr
Net margin -6%
EBITDA · FY 2025
-₹45.57 Cr
EBITDA margin -3.3%
Authorised capital
₹1,053.5 Cr
Registered with MCA
Paid-up capital
₹609.51 Cr
Issued & subscribed
Company age
22 yrs
Est. 2004
Employees · EPFO
41
Provident fund records
Directors on board
4
As per MCA filings
About Nike India Private Limited
Data last updated:
Nike India Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Nike Retail B.V. The Netherlands. It operates in the sports equipment retail and distribution segment of the consumer goods sector. It was incorporated on 17 August 2004 and has been in existence for over 22 years.
Nike India is ranked #343 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36939KA2004PTC034515. Its GSTIN is 29AABCN9612K1Z3 (Karnataka). The company holds 7 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,053.5 Cr and a paid-up capital of ₹609.51 Cr. It is led by directors including Saahil Kannan Iyer and Mary Irene Hunter.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ground And First Floor Olympia Building No.66/1 Bagmane Tech Park Cv Raman Nagar, Bengaluru, Karnataka, India – 560093.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,381.34 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹82.9 Cr (net margin -6%) and EBITDA of -₹45.57 Cr (EBITDA margin -3.3%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 12% over five years.
The company has about 41 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Nike. Court records list 104 cases involving the company, including 56 filed by the company and 48 filed against it; 23 cases are pending. The company has 6 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,272.03 Cr; the latest was in September 2021. Its 3 peer companies in the Consumer Products industry (Sports Equipment Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Adidas India Marketing Private Limited with revenue of ₹3,258.7 Cr. The company has 11 MSME Form 1 returns on record between 2018 and 2024, listing 97 overdue payments to 20 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website nike.com.
Company details
CIN U36939KA2004PTC034515
Registration Number 034515
Incorporation Date 17 August 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Nike Retail B.V. The Netherlands
Compliance Status Active Compliant
Recognitions & Rankings of Nike India
Contact details
Nike India Private Limited's registered office is in Bengaluru, Karnataka. Its website is nike.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround And First Floor Olympia Building No.66/1 Bagmane Tech Park Cv Raman Nagar, Bengaluru, Karnataka, India – 560093
- IndustryConsumer Goods, Sports Equipment Retail & Distribution
To see the full contact details of Nike India Private Limited, buy the company report.
Comprehensive company report
Nike India 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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Business activity
The main business activity of Nike India 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 Nike India Private Limited, buy the company report.
Financials of Nike India Private Limited
FY 2025 filings availableNike India Private Limited reported revenue of ₹1,381.34 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹1,381.34 Cr ▲ 16%
Net loss · FY 2025
₹82.9 Cr margin -6%
EBITDA · FY 2025
-₹45.57 Cr margin -3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 22%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▼ 58%
5 years · compounded
▼ 21%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 16% growth in the latest year. EBITDA rose 50% 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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| Total Expenses | |||||
| EBITDA | -₹45.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹82.9 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.3% | ||||
| Net Profit Margin | -6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Nike India Private Limited, buy the company report.
Board of directors of Nike India Private Limited
Nike India has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saahil Kannan Iyer | Director | 03 Jul 2023 | 3 Years 3 Months | Current |
| Mary Irene Hunter | Director | 27 Mar 2023 | 3 Years 6 Months | Current |
| Suchitra Bhat | Director | 03 Feb 2022 | 4 Years 8 Months | Current |
| Sanjay Gangopadhyay | Director | 28 Sep 2015 | 11 Years 0 Months | Current |
Peer comparison
Nike India Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Sports Equipment Retail and Distribution), 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 |
|---|---|---|---|---|---|---|
| Adidas India Marketing Private Limited | ₹3,258.7 Cr (FY 2025) | 6.0% | Gurgaon, Haryana, India | |||
| Nike India Private Limitedthis company | ₹1,381.34 Cr (FY 2025) | -₹82.9 Cr | -6% | 16.0% | 41 | Bengaluru, Karnataka, India |
| Sunglass Palace Private Limited | ₹237.79 Cr (FY 2023) | 87.0% | Delhi, India | |||
| Gympac Ventures Private Limited | ₹199.91 Cr (FY 2025) | 20.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Nike India Private Limited, buy the company report.
Auditor
Nike India Private Limited is audited by Walker Chandiok & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co. LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Nike India 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 Nike India Private Limited, buy the company report.
Deals & funding
Nike India Private Limited has 6 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,272.03 Cr; the latest was in September 2021.
Total deals
6
Convertible or debt financings
2
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹1,272.03 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Nike India Holdings B V Netherlands |
| Nov 2019 | Funding round | ₹537.54 Cr | Investors: Nike India Holdings B V Netherlands |
| Aug 2007 | Funding round | ₹21.5 Cr | Investors: Nike India Holdings B V Netherlands |
| Jul 2007 | Secondary share transfer | Undisclosed | Buyer: Nike India Holdings B V Netherlands Seller: Nike Inc |
To see the full deal history of Nike India 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
Nike India Private Limited has 104 court cases on record: 56 filed by Nike India, 48 filed against it. 23 cases are pending and 81 are disposed.
Total cases
104
Filed by the company
56
Filed against the company
48
Pending
23
Disposed
81
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 57 | 31 | 23 |
| District courts | 34 | 7 | 0 |
| Supreme Court | 6 | 6 | 0 |
| NCLAT | 6 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Lunar Rubbers Pvt Ltd | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Enkay Brand Distribution Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Live Sports 365 Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by Live Sports365 Pvt Ltd | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Enkay Brand Distribution Private Limited | Disposed |
To see the full case history of Nike India 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
Nike India Private Limited has 11 MSME Form 1 returns on record between 2018 and 2024, listing 97 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Wisebin | |||
| Gamlaa Bioscapes Private Limited | |||
| an individual supplier | |||
| United Consultancy Services Private Limited | |||
| Lantro Technologies India Private Limited |
To see the full MSME payment records of Nike India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Nike India Private Limited has a workforce of 41 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
41
Active EPFO establishments
1
Employee growth
-2.38%
GST
Nike India has 7 GST registrations: 3 active and 4 cancelled or inactive.
Total GSTINs
7
Active
3
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCN9612K1Z3 | Karnataka | Active | 01 Jul 2017 |
| 29AABCN9612K2Z2 | Karnataka | Active | 03 Apr 2025 |
| 07AABCN9612K1Z9 | Delhi | Active | 07 Mar 2025 |
To see the full GST registrations and return filing status of Nike India Private Limited, buy the company report.
Recent activity
Nike India Private Limited has 22 board changes on record since 2008: 4 appointments and 18 cessations. The latest: Mary Irene Hunter ceased to be Additional Director on 29 Sep 2023.
AGM
Nike India Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Filing
Nike India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Mary Irene Hunter ceased to be Additional Director.
Ceased
Saahil Kannan Iyer ceased to be Additional Director.
Appointed
Saahil Kannan Iyer was appointed as Director.
Appointed
Mary Irene Hunter was appointed as Director.
Ceased
Suchitra Bhat ceased to be Additional Director.
Ceased
Anne Marie Miller ceased to be Director.
Appointed
Suchitra Bhat was appointed as Director.
Ceased
Vivek Mohata ceased to be Additional Director.
Ceased
Alok Garodia ceased to be Director.
Ceased
John Francis Coburn Iii ceased to be Director.
13 earlier events are in the company report.
News
Frequently asked questions
Nike India is an active private limited company based in Bengaluru, Karnataka, India. The company works in sports equipment retail and distribution, within the consumer goods industry. It was incorporated on 17 August 2004 (22+ years old) and is registered under CIN U36939KA2004PTC034515.
Nike India has 4 current directors:
- Saahil Kannan Iyer - Director
- Mary Irene Hunter - Director
- Suchitra Bhat - Director
- Sanjay Gangopadhyay - Director
The latest financial statements of Nike India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nike India is 29AABCN9612K1Z3, registered in Karnataka. The company has 7 GST registrations in all, of which 3 are active and 4 are cancelled or inactive. Other active GSTINs include 29AABCN9612K2Z2 (Karnataka), 07AABCN9612K1Z9 (Delhi).
The CIN (Corporate Identification Number) of Nike India is U36939KA2004PTC034515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nike India has 104 court cases on record: 56 filed by the company and 48 filed against it. 23 are pending. Most are in the high courts.
Nike India was incorporated on 17 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Nike India has 6 deals on record (2 convertible or debt financings, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,272.03 Cr; the latest was in September 2021.
The peers of Nike India by revenue are Adidas India Marketing Private Limited, Sunglass Palace Private Limited, Gympac Ventures Private Limited, all in the Consumer Products industry (Sports Equipment Retail and Distribution), with the same principal business activity (wholesale trading).
Mary Irene Hunter ceased to be Additional Director on 29 Sep 2023. Saahil Kannan Iyer ceased to be Additional Director on 29 Sep 2023. Saahil Kannan Iyer was appointed as Director on 03 Jul 2023. Nike India has 22 board changes on record in total.
Nike India has 11 MSME Form 1 returns on record between 2018 and 2024, listing 97 overdue payments to 20 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Nike India can be reached through the website nike.com. Its registered office is in Bengaluru, Karnataka, India.