Xiaomi Technology India Private Limited - Due diligence report

A 360° intelligence report on Mi: trust score, financial health, credit view, compliance, directors, growth and distress signals - generated…

2014-10-07 Bengaluru, Karnataka Active Unlisted Active Compliant
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XT Xiaomi Technology India Private Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Mi — 360° Intelligence Report

Generated from MCA filings & public records
77/100
Trust Score
Low Risk

Mi is assessed as Low Risk with a Trust Score of 77/100. Mi is an active private limited foreign company incorporated in india incorporated in 2014, operating in the Consumer Electronics & Durables sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 16 Jul 2026 from the latest processed filings. Xiaomi Technology India Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
77/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
60/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
65/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 65/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • Moderate gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 1 open (90,000.00) · 2 satisfied (1.05 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Citi Bank N.A.1 48.0 cr
Others1 48.0 cr
Idbi Bank Limited1 48.0 cr
Compliance Score: 60/100 Moderate
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (199 disclosure(s)).
  • 17 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
Varun Sabhash Madan 01234567 Director 01/04/2018 6 yrs Approved
SUDHIN MATHUR 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Xiaomi Singapore Pte Ltd
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Xiaomi Singapore Pte Ltd Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 75
Growth signals & trust indicators
Operating for 11+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 20.37 cr.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment68/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 90,000.00 already registered.
  • Compliance gaps should be priced into terms.
Investor view63/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Sep 2025
Director ceased
SUDHIN MATHUR
21 Jan 2025
Director appointed
SUDHIN MATHUR (Director)
30 Sep 2024
Director appointed
Varun Sabhash Madan (Director)
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
06 Jan 2023
Charge created
Idbi Bank Limited - 90,000.00
06 Apr 2022
Charge satisfied
Others
30 Nov 2021
Director ceased
MURALIKRISHNAN BALASUBRAMANIAN
29 Nov 2021
Charge satisfied
Citi Bank N.A.
26 Nov 2021
Director ceased
MANU KUMAR JAIN
01 Mar 2019
Securities allotted
6959 Equity Shares - 2,000.00 cr raised
17 Jan 2019
Securities allotted
3786 Equity Shares - 1,500.00 cr raised
16 Jan 2018
Charge created
Others - 5.00 Lakh
12 Jun 2017
Charge created
Citi Bank N.A. - 1.00 cr
24 Apr 2017
Director ceased
BHATRAHALLI SAMEER SUNDAR RAO
10

Key Observations

Auto-generated from the data above
Revenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
17 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Ldc U51909DL1997PTC126131 New Delhi, Delhi, India
Qwik Supply Chain Private Limited U51100MH2000PTC129528 Navi Mumbai, Maharashtra, India
Dp Gold Private Limited U51101AP2016PTC098523 Nellore, Andhra Pradesh, India
Upl L24219GJ1985PLC025132 Distt. Valsad, Gujarat, India
Swiftkey U74899DL1988PTC032549 New Delhi, Delhi, India
Future Gaming And Hotel Services Private Limited U92001TZ1991PTC003583 Coimbatore, Tamil Nadu, India
Tamilnadu State Marketing Corporation Limited U93090TN1983SGC010048 Chennai, Tamil Nadu, India
Ingram Micro India Private Limited U72900MH1996PTC136340 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Mi before audits and certifications: compliance score 60/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Mi: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 65/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Mi - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 77/100, distress signals and MSME payment-delay disclosures - know whether Mi pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Mi - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Mi an active company?

Mi has MCA status “Active” with a compliance score of 60/100 (Moderate).

Is Mi financially healthy?

Mi has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Mi?

Its overall Trust Score is 77/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Mi?

The ultimate holding entity is Xiaomi Singapore Pte Ltd. 2 active director(s) are on record.

Does Mi have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Mi up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 60/100 (Moderate).

Is it risky to lend to Mi?

Its Credit Risk Score is 65/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.