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Xiaomi Technology India
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Registered Details

XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED

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Karnataka ›

Computer Related Services ›

Active

Updated: 17 Feb 2026

Xiaomi Technology India Private Limited is a leading consumer electronics and technology company that specializes in designing, manufacturing, and selling smartphones, smart home devices, and IoT products across India. It offers a diverse range of products, including smartphones, smart TVs, and wearables, focusing on high-quality, affordable technology solutions that enhance users' digital lifestyles.

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 , Karnataka. It's authorized share capital is INR 10.00 lac and the total paid-up capital is INR 2.07 lac.

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Industry and products

Computer Related Services

smart phone software, mobile phones, set-top boxes

Company size

Auth Capital

₹ 10.0 L

Paidup Capital

₹ 2.1 L

Revenue

₹ >5000 cr

Key Metrics

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

Total Revenue

-3.4%

₹ 25,983.8

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

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Locations

India (62)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Director	Sudhin Mathur	03474713	1 years

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

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 +	911.2	708.1	848.1	643.8	674.3
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

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	0.0	0.0	0.0	0.0	0.0
Reserves	33.68	33.16	30.59	46.26	44.02
Borrowings +	8.05	7.45	5.62	8.83	8.53
Long term borrowings	8.05	7.45	5.51	8.83	0.0
Short term borrowings	0.0	0.0	0.1	0.0	8.53
Trade payables	50.93	54.12	59.12	39.71	42.53
Other liabilities +	58.27	59.39	63.8	44.9	47.44
Other non-current liabilities	1.77	1.38	1.05	1.36	0.96
Other current liabilities	5.56	3.9	3.63	3.83	3.95
Total liabilities
Fixed Assets +	1.45	1.47	1.02	1.18	0.68
Tangible assets	1.38	1.41	0.99	1.15	0.67
CWIP	0.0	0.0	0.0	0.0	0.0
Intangible assets	0.07	0.05	0.03	0.03	0.01
LT loans and advances	0.82	0.08	0.0	0.0	0.0
Other non-current assets	0.91	1.22	1.2	3.84	4.89
Current assets +	96.82	97.24	97.78	94.98	94.43
Inventories	20.99	22.8	25.66	20.53	31.82
Trade receivables	10.16	17.97	13.09	11.08	8.17
Cash and cash equivalents	21.23	45.1	25.01	5.79	5.72
ST loans and advances	0.0	0.01	0.0	0.0	0.0
Other current assets	44.44	11.37	34.01	57.58	48.72
Total assets

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

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	99.37	99.44	99.28	99.25	99.36
Expenses +	108.58	98.97	96.39	106.97	104.09
Cost of goods	101.3	91.2	87.43	97.62	94.22
Employee cost	0.65	0.7	0.68	0.86	0.93
Other costs	6.24	6.69	7.86	7.97	8.38
Operating profit	-8.82	0.85	3.31	-7.2	-4.17
Other income	0.63	0.56	0.72	0.75	0.64
Interest	0.29	0.29	0.3	0.38	0.35
Depreciation	0.1	0.09	0.12	0.15	0.21
Exceptional items	10.12	0.0	0.0	8.19	5.62
Profit before tax	1.54	1.03	3.61	1.22	1.53
Tax	0.49	0.26	0.92	0.33	0.42
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.05	0.77	2.69	0.89	1.11

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

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

IDBI Bank Limited

No. of Loans: 1

Total Amount : 0.0 cr

Charge Holder	Amount	Date of creation/modification
IDBI Bank Limited	0.0 cr	06 Jan, 2023

Charges

IDBI Bank Limited

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
SHOP TALK RETAIL MARKETING SERVICES PRIVATE LIMITED	Active	1.0 L	1	Delhi
XIAOMI COMMUNICATIONS AND LOGISTICS INDIA PRIVATE LIMITED	Active	3.0 Cr	1	Karnataka

Tofler Score

Good

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.

CIN

U72200KA2014FTC076704

PAN

AAACX1645B

Incorporation

2014, 11.6 years

Company Email

ind-corpcomm[at]xiaomi[dot]com

Paid up Capital

₹ 2.1 L

Authorised Capital

₹ 10.0 L

AGM

Sep 2024

Type

Private

Others

FAQ - XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED

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

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?

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?

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?

The registered address of XIAOMI TECHNOLOGY INDIA PRIVATE LIMITED is Orchid(BlockE),GroundFloorto4thFloor,EmbassyTechVillage,Marathahalli-SarjapurOuter, Ring Road, Bangalore, Bengaluru, Karnataka, India, 560103 - 560103

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

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

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