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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2024-25)
Investment Thesis
Madbow Ventures Limited is a young unlisted fashion and lifestyle wholesale company based in Gurgaon with revenues in the ₹10–100 crore range. While India's growing consumer market provides a positive backdrop, the company faces intense competition, thin margins, and limited public transparency. Its investment merit is difficult to assess without detailed financial disclosures.
Pros
Cons
Business Segments
Fashion & Lifestyle Wholesale
Wholesale distribution and trading of fashion apparel, accessories, and lifestyle products catering to retail chains, boutiques, and distributors across India.
Revenue Model
Madbow Ventures Limited generates revenue by purchasing fashion and lifestyle merchandise in bulk and selling it to downstream retailers, boutiques, and distributors at a markup. Revenue is primarily driven by trading volumes and margins on fashion and lifestyle wholesale transactions. The company may also engage in e-commerce-related distribution given its sector classification.
Detailed Analysis
Growth Plans
India's fashion retail market growing at high single-digit to double-digit CAGR
Expansion of e-commerce creating new distribution channels for fashion wholesale
NCR/Gurgaon's infrastructure and logistics ecosystem supporting business scaling
Growing formalisation of India's fashion supply chain benefiting organised wholesalers
Industry Tailwinds
Recent Developments
No press releases, news coverage, or regulatory announcements found for this company in the public domain beyond MCA registration data.
Comparable Companies
MANYAVAR · ~₹20,000 Cr
Frequently Asked Questions
About Madbow Ventures
Madbow Ventures Limited is a Gurgaon-based trading and wholesale company incorporated on 13 December 2017. Operating from the DLF Phase-II commercial district in Gurgaon, Haryana — the heart of India's corporate headquarters zone — the company is classified under other wholesale n.e.c. (not elsewhere classified) per its MCA registration, with prior connections to fashion/merchandise wholesale operations. The company was initially registered as Madbow Fashion Private Limited before converting to a public limited company structure. It generated revenue of Rs. 17.4 crore in the financial year ending March 31, 2021, indicating small-to-mid scale wholesale operations. The company has maintained active status with its last regulatory filing covering FY2021. Gurgaon is home to thousands of wholesale and trading companies serving the NCR's vast retail and e-commerce ecosystem. Madbow Ventures operates in this competitive market, focusing on wholesale distribution of goods — potentially fashion, lifestyle, or general merchandise — to retail buyers and business clients. The company's leadership team includes three directors: Mohit Dahiya, Naveen Mahlawat, and Dharmendra Kumar — entrepreneurs with experience in the Gurgaon business ecosystem. With authorized capital of Rs. 2 crore and paid-up capital of Rs. 1.58 crore, the company is a small-scale enterprise. Madbow Ventures operates in the growing India wholesale-to-retail distribution space, which has been disrupted by digital B2B platforms. Its ability to grow in this competitive environment will determine its long-term trajectory.
Key Milestones
2017 — Incorporated as a public limited company in Haryana (CIN: U51909HR2017PLC069490)
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's fashion retail market growing at high single-digit to double-digit CAGR
Expansion of e-commerce creating new distribution channels for fashion wholesale
NCR/Gurgaon's infrastructure and logistics ecosystem supporting business scaling
Growing formalisation of India's fashion supply chain benefiting organised wholesalers
Industry Headwinds
Competition from e-commerce giants like Myntra, Ajio, and Amazon directly sourcing from manufacturers
Disruption from direct-to-consumer (D2C) fashion brands bypassing wholesale
Inventory write-down risk due to fast-changing fashion trends
Fashion wholesale segment is highly competitive with competition from established players like Arvind Fashion, Page Industries distributors, and e-commerce aggregators
Source: Media Reports / Public Records
Wholesale fashion trading operates on thin margins; any increase in procurement costs or reduction in retail demand can compress profitability
Source: Company Financial Filings
Limited public financial disclosures make it difficult to assess the company's financial health, management quality, and growth trajectory
Source: Media Reports / Public Records
As an unlisted company, shares cannot be easily sold; investors face significant exit risk
Source: Media Reports / Public Records
Fashion and lifestyle wholesale is subject to seasonality and changing consumer trends, requiring active inventory management
Source: AlphaHub Research
Fashion wholesale segment is highly competitive with competition from established players like Arvind Fashion, Page Industries distributors, and e-commerce aggregators
Wholesale fashion trading operates on thin margins; any increase in procurement costs or reduction in retail demand can compress profitability
Limited public financial disclosures make it difficult to assess the company's financial health, management quality, and growth trajectory
As an unlisted company, shares cannot be easily sold; investors face significant exit risk
Fashion and lifestyle wholesale is subject to seasonality and changing consumer trends, requiring active inventory management
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2019–2021 — Achieved operating revenues in the INR 10–100 crore range indicating rapid early-stage scaling
Established wholesale operations in the fashion and lifestyle segment from Gurgaon