Mgi Distribution Private Limited

Wholesale distribution of watches and accessories for business to business in India and abroad.

2021 | Bangaluru, Karnataka (India) | Active
Last Updated: November 09, 2024

Mgi Distribution Profile

Key Indicators

  • Authorised Capital ₹ 7.15 Cr
  • Paid Up Capital ₹ 6.67 Cr
  • Company Age 3 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Revenue Growth 1396.08%
  • Profit Growth 3467.73%
  • Ebitda 2985.94%
  • Net Worth 78.00%
  • Total Assets 206.46%

About Mgi Distribution

Mgi Distribution Private Limited (MDPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 October 2021 (Three years and three months 28 days old ). Its registered office is in Bangaluru, Karnataka, India.

The Company is engaged in the Consumer Goods Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.15 Cr and a paid-up capital of Rs 6.67 Cr, as per Ministry of Corporate Affairs (MCA) records.

Xavier Gauderlot, James Halpin, and Akshay Gopal serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51909KA2021PTC153039

  • Company No.

    153039

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Oct 2021

  • Date of AGM

    14 Nov 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Consumer Goods

Who are the key members and board of directors at Mgi Distribution?

Board Members (3)

Name Designation Appointment Date Status
Akshay Gopal Country flag representing In Director 13-Oct-2021 Current
Xavier Gauderlot Country flag representing Fr Director 15-Dec-2021 Current
James Halpin Country flag representing Us Director 15-Dec-2021 Current

Financial Performance of Mgi Distribution.

Mgi Distribution Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 1396.08% increase. The company also saw a substantial improvement in profitability, with a 3467.73% increase in profit. The company's net worth Soared by an impressive increase of 78%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
1396.08%
Revenue from Operations
1391.12%
Total Assets
206.46%
Profit or Loss
3467.73%
Net Worth
78.00%
EBITDA
2985.94%

What is the Ownership and Shareholding Structure of Mgi Distribution?

In 2023, Mgi Distribution had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Mgi Distribution?

Mgi Distribution has a workforce of 0 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mgi Distribution, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mgi Distribution's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Mgi Distribution

Recent activity within the organization

  • Annual General Meeting

    Mgi Distribution Private Limited last Annual general meeting of members was held on 14 Nov 2023 as per latest MCA records.

    14 Nov 2023

  • Balance Sheet

    Mgi Distribution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Bangalore.

    31 Mar 2023

  • Director Appointment

    Xavier Rodolphe Jerome Gauderlot was appointed as a Director was appointed as a Director on 15 Dec 2021 & has been associated with this company since 3 years 1 month .

    15 Dec 2021

  • Director Appointment

    James Edward Halpin was appointed as a Director was appointed as a Director on 15 Dec 2021 & has been associated with this company since 3 years 1 month .

    15 Dec 2021

  • Director Appointment

    Akshay Gopal was appointed as a Director was appointed as a Director on 13 Oct 2021 & has been associated with this company since 3 years 3 months .

    13 Oct 2021

  • Company Incorporation

    Mgi Distribution Private Limited was registered on 13 Oct 2021 with Roc Bangalore & aged 3 years 3 months as per MCA records.

    13 Oct 2021

Frequently asked questions

  • Mgi Distribution Private Limited was incorporated on 13 Oct 2021.

  • The authorized share capital of Mgi Distribution Private Limited is ₹ 7.15 Cr and paid-up capital is ₹ 6.67 Cr.

  • Currently 3 directors are associated with Mgi Distribution Private Limited.

    • Xavier Rodolphe Jerome Gauderlot
    • James Edward Halpin
    • Akshay Gopal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mgi Distribution Private Limited is Indiqube Epsilon 3Rd Floor Amar Jyothi House Building No. 57-82 Domlur Village 100 Feet Rd, India, Bangalore North, Karnataka, 560071.

  • The corporate identification number (CIN) of Mgi Distribution Private Limited is U51909KA2021PTC153039 and the company number is 153039 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mgi Distribution Private Limited is https://www.bizotico.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mgi Distribution Private Limited has risen by 1396.08%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mgi Distribution Private Limited has experienced an upsurge of 78.00%.

  • The most recent Balance Sheet for Mgi Distribution Private Limited was filed with the ROC on 31 Mar 2023.

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