About Xiaomi Technology India Private Limited
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Xiaomi Technology India Private Limited is a foreign private limited company based in Bengaluru, Karnataka, India, a subsidiary of Xiaomi Singapore Pte Ltd. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 07 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2014FTC076704. Its GSTIN is 29AAACX1645B1ZK (Karnataka). The company holds 22 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.07 Lakh. It is led by directors Varun Sabhash Madan and Sudhin Mathur.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹25,984 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹288.36 Cr (net margin 1.1%) and EBITDA of ₹543.85 Cr (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 6% over five years.
The company has about 1,036 employees on its provident fund (EPFO) records.
The company is associated with 20 brands, including Affinity International Realty, Varalikami, AssistedCareMI, Storygami, I Heart Umami and others. As per MCA filings, the company has open charges of ₹90,000 and satisfied charges of ₹1.05 Cr on record. Court records list 117 cases involving the company, including 78 filed by the company and 27 filed against it; 42 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in March 2019. Its 5 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution) are compared by revenue, 5 smaller; the largest is Great Sands Consulting Private Limited with revenue of ₹10,959 Cr. The company has 20 MSME Form 1 returns on record between 2019 and 2024, listing 2,321 overdue payments to 195 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 mi.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOrchid(Blocke) Groundfloorto4Thfloor Embassytechvillage Marathahalli – Sarjapurouter, Ring Road, Bengaluru, Karnataka, India – 560103
- IndustryConsumer Electronics & Durables, Electronic Appliances 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 Xiaomi Technology India Private Limited
The main business activity of Xiaomi Technology India is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| 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
Verified entity values are shown only after access is granted.
Financials of Xiaomi Technology India Private Limited FY 2024 filings available
Xiaomi Technology India Private Limited reported revenue of ₹25,984 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Xiaomi Technology India Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 3% fall in the latest year. EBITDA rose 16% 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 Xiaomi Technology India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹543.85 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹288.36 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 Xiaomi Technology India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Xiaomi Technology India are in the company report.
Financial statements from 2015
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 Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances 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 |
|---|---|---|---|---|---|---|
| Xiaomi Technology India Private Limited this company | ₹25,984 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bengaluru, Karnataka, India |
| Great Sands Consulting Private Limited | ₹10,959 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Chennai, Tamil Nadu, India |
| Vijay Sales (India) Private Limited | ₹10,633 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Jogeshwari West, Maharashtra, India |
| Longcheer Mobile (India) Private Limited | ₹9,310.21 Cr (FY 2025) | •••• | •••• | 511.0% | •••• | New Delhi, Delhi, India |
| Ausil Corporation Private Limited | ₹8,247.97 Cr (FY 2025) | •••• | •••• | 147.0% | •••• | Ahmedabad, Gujarat, India |
| Sony India Private Limited | ₹7,917.54 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Xiaomi Technology India by revenue in the Consumer Durables industry (Electronic Appliances 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 Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited is audited by Price Waterhouse Char tered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Char tered 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.
Board of Directors of Xiaomi Technology India Private Limited
Xiaomi Technology India has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Sabhash Madan | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Sudhin Mathur | Director | 21 Jan 2025 | 1 Years 8 Months | Current |
Ownership and Shareholding of Xiaomi Technology India 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 Xiaomi Technology India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Jan 2023 | Idbi Bank Limited | ₹90,000 | Open |
| 16 Jan 2018 | Others | ₹5 Lakh | Satisfied |
| 12 Jun 2017 | Citi Bank N.A. | ₹1 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited has 2 deals on record (2 rights issues); the latest was in March 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹2,000 Cr | Investors: an individual |
| Jan 2019 | Rights issue | ₹1,500 Cr | Investors: an individual |
Full deal history
All 2 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 Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited has 117 court cases on record: 78 filed by Xiaomi Technology India, 27 filed against it, 12 where it is another party. 42 cases are pending and 75 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 91 | 13 | 36 |
| District courts | 25 | 14 | 5 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 117)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Conqueror Innovations Private Limited | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Conqueror Innovations Private Limited | Disposed |
| Madras High Court | Appeal | Filed against the company by Y-Not Studios Private Limited | Disposed |
| Madras High Court | Civil suit | Filed by the company against Y-Not Studios Private Limited | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Godaddy Com LLC | Pending |
Full case history
All 117 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.
MSME Payment Delays by Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited has 20 MSME Form 1 returns on record between 2019 and 2024, listing 2,321 overdue payments to 195 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 195)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sai Balaji Digitals Private Limited | •••• | •••• | •••• |
| Eyedea Advertisement | •••• | •••• | •••• |
| Plumage Technology Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| NS Event Management Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 20 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.
Associated Brands with Xiaomi Technology India Private Limited
Xiaomi Technology India operates multiple associated brands including Affinity International Realty, Varalikami, and AssistedCareMI. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers real estate services for buying, selling, and renting luxury properties in Miami areas. | affinitymiami.com | |
| Manufactures and supplies orthopaedic products to healthcare providers and professionals. | varalikami.com | |
| Provides in-home care for Medicaid beneficiaries needing assistance with daily living activities. | assistedcaremi.com | |
| It functions as an interactive video tool. | storygami.com | |
| Operates a recipe discovery platform for users. | iheartumami.com | |
| Offers a proprietary line of high-quality, natural skincare products. | devonnebydemi.com | |
| It functions as an inappropriate content. | enigmasemi.com | |
| Develops ASICs for point-of-sale applications. | mbsemi.com | |
| Provides a job matching service for part-time job seekers. | matchimi.com | |
| Offers unified telecommunications solutions for call activity automation. | phonami.com | |
| Develops innovative modular benchtop bioreactors for biotechnology and life sciences. | jfermi.com | |
| A blog page dedicated to Xiaomi India updates. | xiaomiindia.in | |
| Subscription-based streaming of Chinese music is offered by Xiami. | xiami.com | |
| Tool to identify the key audiences, networks, and influencers | dunami.com | |
| Multi-category consumer electronics are offered through an internet-first model. | mi.com | |
| Ebooks and magazines are accessed via subscription-based cloud platform. | legimi.com | |
| Design for Manufacturability software is developed for IC yield optimization. | anchorsemi.com | |
| SaaS-based analytics solutions for e-commerce businesses | bajomi.com | |
| Provider of insurance mortgage and underwriting services | nationalmi.com | |
| Microelectro-mechanical systems including vacuum gauges and sensors are developed. | chenyi-pmi.com |
Employees and EPFO Compliance at Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited has a workforce of 1,036 employees as of Mar 30, 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.
News related to Xiaomi Technology India Private Limited
Recent Activity on Xiaomi Technology India Private Limited
Xiaomi Technology India Private Limited has 7 board changes on record since 2017: 2 appointments and 5 cessations. The latest: Sudhin Mathur ceased to be Additional Director on 29 Sep 2025.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Xiaomi Technology India 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 Xiaomi Technology India 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 Xiaomi Technology India Private Limited
Xiaomi Technology India has 22 GST registrations: 17 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACX1645B1ZK | Karnataka | Active | 01 Jul 2017 |
| 03AAACX1645B1ZY | Punjab | Active | 01 Jul 2017 |
| 04AAACX1645B1ZW | Chandigarh | Active | 01 Jul 2017 |
| 06AAACX1645B1ZS | Haryana | Active | 01 Jul 2017 |
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 Xiaomi Technology India 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 Xiaomi Technology India Private Limited
Xiaomi Technology India is an active foreign private limited company based in Bengaluru, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 07 October 2014 (12+ years old) and is registered under CIN U72200KA2014FTC076704.
Xiaomi Technology India reported revenue of ₹25,984 Cr for FY 2024 (down 3% YoY).
Xiaomi Technology India has 2 current directors:
- Varun Sabhash Madan - Director
- Sudhin Mathur - Director
Xiaomi Technology India reported a net profit of ₹288.36 Cr (net margin 1.1%) and EBITDA of ₹543.85 Cr (EBITDA margin 2.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Xiaomi Technology India is -10% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Xiaomi Technology India is 29AAACX1645B1ZK, registered in Karnataka. The company has 22 GST registrations in all, of which 17 are active and 5 are cancelled or inactive. Other active GSTINs include 03AAACX1645B1ZY (Punjab), 04AAACX1645B1ZW (Chandigarh), 06AAACX1645B1ZS (Haryana).
The CIN (Corporate Identification Number) of Xiaomi Technology India is U72200KA2014FTC076704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xiaomi Technology India has 117 court cases on record: 78 filed by the company and 27 filed against it. 42 are pending. Most are in the high courts.
Xiaomi Technology India was incorporated on 07 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Xiaomi Technology India has 2 deals on record (2 rights issues); the latest was in March 2019.
The peers of Xiaomi Technology India by revenue are Great Sands Consulting Private Limited, Vijay Sales (India) Private Limited, Longcheer Mobile (India) Private Limited, Ausil Corporation Private Limited, Sony India Private Limited, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Sudhin Mathur ceased to be Additional Director on 29 Sep 2025. Sudhin Mathur was appointed as Director on 21 Jan 2025. Varun Sabhash Madan was appointed as Director on 30 Sep 2024. Xiaomi Technology India has 7 board changes on record in total.