About Targus India Private Limited
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Targus India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Targus Asia Pacific Singapore Pte Limited. It operates in the accessories retail and distribution segment of the consumer goods sector. It was incorporated on 05 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U05190KA2005PTC036241. Its GSTIN is 29AACCT2319J1Z8 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Sumesh Dewan and Angela Marker Smith.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.26 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹58.08 Lakh (net margin 2.6%) and EBITDA of ₹79.46 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company is associated with 1 brand: Targus.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website targus.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressLakshmi Priya Complex No.14/1 – 1 Opp. Tollgate Bus Stop, Near Spine And Ortho Care Hospital 6th Block Rajajinagar Magadi Road Tollgate, Bangalore, Karnataka, India – 560023
- 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
Associated Brands
Targus India operates one associated brand: Targus. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Laptop bags, tablet cases, and docking stations are manufactured. | targus.com |
Business Activity
The main business activities of Targus India are professional, scientific and technical and trade. In detail, this covers management consultancy activities and wholesale trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
| G | Trade | G1 | Wholesale Trading | 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
Financials of Targus India Private Limited
FY 2024 filings availableTargus India Private Limited reported revenue of ₹22.26 Cr (down 13% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 65% 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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹79.46 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹58.08 Lakh | |
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 3.6% | |
| Net Profit Margin | 2.6% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Targus India are in the company report.
: available in the company report
Board of Directors of Targus India Private Limited
Targus India has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumesh Dewan Also directs: TRL Professional & Software Services (India) LLP, Lex Favios LLP, Solemat Distributors Private Limited and 3 more | Director | 05 May 2005 | 21 Years 5 Months | Current |
| Angela Marker Smith | Additional Director | 20 Feb 2025 | 1 Years 8 Months | Current |
Auditor Details
Targus India Private Limited is audited by PGM & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PGM & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Targus India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Targus India.
: available in the company report
Recent Activity
Targus India Private Limited has 7 board changes on record since 2005: 3 appointments and 4 cessations. The latest: Angela Marker Smith was appointed as Additional Director on 20 Feb 2025.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Targus India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCT2319J1Z8 | Karnataka | Active | 01 Jul 2017 |
| 33AACCT2319J1ZJ | Tamil Nadu | Active | 01 Jul 2017 |
| 27AACCT2319J1ZC | Maharashtra | Active | 09 May 2019 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Targus India 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 05 May 2005 (21+ years old) and is registered under CIN U05190KA2005PTC036241.
Targus India has 2 current directors:
- Sumesh Dewan - Director
- Angela Marker Smith - Additional Director
The latest financial statements of Targus India 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 Targus India is 29AACCT2319J1Z8, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AACCT2319J1ZJ (Tamil Nadu), 27AACCT2319J1ZC (Maharashtra).
The CIN (Corporate Identification Number) of Targus India is U05190KA2005PTC036241. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Targus India was incorporated on 05 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Angela Marker Smith was appointed as Additional Director on 20 Feb 2025. Derek Lee Baker ceased to be Additional Director on 30 Sep 2020. Derek Lee Baker was appointed as Director on 15 Sep 2020. Targus India has 7 board changes on record in total.
Targus India can be reached through the website targus.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Targus India is at Lakshmi Priya Complex No.141 – 1 Opp. Tollgate Bus Stop, Near Spine And Ortho Care Hospital 6th Block Rajajinagar Magadi Road Tollgate, Bangalore, Karnataka, India – 560023.
Targus India operates in the consumer goods industry, in the accessories retail and distribution segment.