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XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED

Active
Updated: 30 Oct 2024

The company manufactures communication equipment and parts and sells mobile phones, smart phone software, set-top boxes

Xiaomi Technology India Private Limited, is an unlisted private company incorporated on 07 October, 2014. It is classified as a private subsidiary of a foreign company and is located in Bangalore, Karnataka. It's authorized share capital is INR 10.00 lac and the total paid-up capital is INR 2.10 lac.

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Industry

Computer Related Services
Products
  • smart phone software, set-top boxes, mobile phones
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
-3.3%
₹ 25,816.3
EBITDA
-
₹ -1,084.8
Net Profit
20.84%
₹ 288.4
Networth
5.32%
₹ 6,041.2
Borrowings
6.97%
₹ 1,171.1
Assets
10.68%
₹ 13,722.6
Gross Margin
3.53
5.2 %
Operating Margin
3.05
-4.2 %
Net Profit Margin
0.22
1.1 %
Return on Equity
0.61
4.8 %
ROCE
9.58
-20.7 %
Debt to Equity
-
0.2
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (62)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOW ROCE
  • REVENUE BELOW AVERAGE
Low Risk
  • GROSS MARGINS DETERIORATING
  • NET MARGIN DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 37,954.6 35,504.9 39,099.7 26,697.2 25,816.3
Operating profit -3,369.3 302.4 1,303.1 -1,935.7 -1,084.8
Net profit 401.0 275.7 1,057.7 238.6 288.4
Gross margin -1.9 8.3 11.9 1.6 5.2
Operating margin -8.9 0.8 3.3 -7.2 -4.2
Net margin 1.1 0.8 2.7 0.9 1.1
Networth 4,182.3 4,451.7 5,546.9 5,736.0 6,041.2
Borrowings 1,000.0 1,000.0 1,018.8 1,094.8 1,171.1
Assets 12,418.8 13,424.9 18,135.6 12,398.1 13,722.6
Debt to equity 0.2 0.2 0.2 0.2 0.2
Current ratio 1.7 1.7 1.6 2.2 1.7
ROE 9.6 6.2 19.1 4.2 4.8
Days payable 60.0 81.0 114.0 68.0 87.0
WC days 48.0 54.0 59.0 87.0 76.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital - - - - -
Reserves 4,182.3 4,451.7 5,546.9 5,736.0 6,041.2
Borrowings + 1,000.0 1,000.0 1,018.8 1,094.8 1,171.1
Long term borrowings 1,000.0 1,000.0 1,000.0 1,094.8 -
Short term borrowings - - 18.8 - 1,171.1
Trade payables + 6,325.2 7,265.1 10,721.8 4,923.6 5,836.1
Days payable 60.0 81.0 114.0 68.0 87.0
Other liabilities + 7,236.5 7,973.2 11,570.0 5,567.3 6,510.3
Other non-current liabilities 220.4 184.8 190.7 168.4 132.2
Other current liabilities 690.8 523.4 657.5 475.3 542.1
Total liabilities 12,418.8 13,424.9 18,135.6 12,398.1 13,722.6
Fixed Assets + 180.3 196.8 185.4 146.3 93.2
Tangible assets 171.7 189.8 179.2 142.0 92.2
CWIP - - 0.5 - -
Intangible assets 8.6 6.9 5.7 4.3 1.0
LT loans and advances 101.4 10.4 - - -
Other non-current assets 113.4 163.4 217.8 476.6 671.4
Current assets + 12,023.7 13,054.3 17,732.4 11,775.2 12,958.0
Inventories 2,606.2 3,060.3 4,654.2 2,545.3 4,366.4
Trade receivables 1,261.3 2,412.3 2,374.3 1,373.2 1,121.8
Cash and cash equivalents 2,636.6 6,054.9 4,535.3 717.3 784.7
ST loans and advances 0.3 0.7 - - -
Other current assets 5,519.3 1,526.1 6,168.6 7,139.4 6,685.1
Total assets 12,418.8 13,424.9 18,135.6 12,398.1 13,722.6
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Total assets

Profit & Loss

%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 37,954.6 35,504.9 39,099.7 26,697.2 25,816.3
Sales growth % 7.51 -6.45 10.12 -31.72 -3.3
Expenses + 41,474.1 35,336.9 37,963.3 28,774.1 27,046.8
Cost of goods 38,692.4 32,563.2 34,431.8 26,258.1 24,481.3
Employee cost 249.4 249.2 269.5 231.7 242.3
Other costs 2,382.1 2,390.1 3,095.3 2,143.1 2,177.5
Operating profit + -3,369.3 302.4 1,303.1 -1,935.7 -1,084.8
Operating margin % -8.9 0.8 3.3 -7.2 -4.2
Other income 242.1 200.6 284.0 201.7 167.5
Interest 111.2 102.4 119.8 101.4 90.9
Depreciation 39.0 31.9 46.9 39.9 54.8
Exceptional items 3,865.3 - - 2,203.7 1,461.1
Profit before tax 587.9 368.6 1,420.4 328.5 398.2
Tax 186.9 92.9 362.7 89.8 109.8
Profit - disc. ops - - - - -
Net profit 401.0 275.7 1,057.7 238.6 288.4
Net margin % 1.1 0.8 2.7 0.9 1.1
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Revenue from operations

Ratios

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.2 0.2 0.2 0.2 0.2
Net Debt/Equity 0.0 0.0 0.0 0.1 0.1
Total Debt/Assets 0.1 0.1 0.1 0.1 0.1
Total Assets/Equity 3.0 3.0 3.3 2.2 2.3
Liquidity +
Current Ratio 1.7 1.7 1.6 2.2 1.7
Quick Ratio 1.3 1.3 1.1 1.7 1.1
Interest Coverage -30.3 3.0 10.9 -19.1 -11.9
Performance
Gross Margin -1.9 8.3 11.9 1.6 5.2
Operating Margin -8.9 0.8 3.3 -7.2 -4.2
Net Margin 1.1 0.8 2.7 0.9 1.1
Return +
Return on Equity 9.6 6.2 19.1 4.2 4.8
Pre-tax ROCE -65.7 5.0 19.3 -30.3 -20.7
Return on Assets 3.2 2.0 5.8 1.9 2.1
Pre-tax ROIC -81.5 6.1 22.6 -32.3 -17.7
Efficiency +
Days Payable 60.0 81.0 114.0 68.0 87.0
Days Inventory 25.0 34.0 49.0 35.0 65.0
Days Receivable 12.0 25.0 22.0 19.0 16.0
Fixed Asset Turnover 210.6 180.4 210.8 182.5 277.0
Total Asset Turnover 3.1 2.6 2.2 2.1 1.9
Working Capital
Cash Conversion Cycle -23.0 -22.0 -43.0 -14.0 -6.0
Working Capital Days 48.0 54.0 59.0 87.0 76.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

IDBI Bank Limited

No. of Loans: 1

Total Amount : 0.0 cr

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Charges

IDBI Bank Limited

People

Designation Name DIN/PAN Tenure
Director Muralikrishnan Balasubramanian 03546703 3 years
Director Bhatrahalli Sameer Sundar Rao 07767714 8 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
ALMOND WELLNESS TECH PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
AIRSTAR DIGITAL FINSERV PRIVATE LIMITED
Under Liquidation
2.6 Cr 2 Karnataka
XIAOMI COMMUNICATIONS AND LOGISTICS INDIA PRIVATE LIMITED
Active
3.0 Cr 2 Karnataka

Registered Details

CIN

U72200KA2014FTC076704

PAN

AAACX1645B

Incorporation

2014, 10.5 years

Company Email

ind-corpcomm@xiaomi.com

Paid up Capital

₹ 2.1 L

Authorised Capital

₹ 10.0 L

AGM

Sep 2024

Type

Private
Subsidiary of Foreign Company

FAQ - XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED

What is the incorporation date of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED?

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The incorporation date of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is 07 October, 2014

What is the authorized share capital of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED?

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The authorized share capital of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is INR ₹ 10.0 L.

What is the paid-up capital of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED?

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The paid-up capital of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is INR ₹ 2.1 L.

What is the registered address of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED?

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The registered address of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is "Orchid(Block E),Ground Floor to 4th Floor,Embassy Tech Village,Marathahalli-Sarjapur Outer Ring Roa Bengaluru Bangalore Karnataka - 560103

What is the CIN number of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED?

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The CIN number of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is U72200KA2014FTC076704.

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