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Mi Lifestyle – Startup Story | Founder| CEO | Funding | History | Competitors


Mi Lifestyle
Mi Lifestyle - Startup Story | Founder| CEO | Funding | History | Competitors

Introduction:

Mi Lifestyle Marketing Global Private Limited is an unlisted personal employer included on 14 March 2013. It is classed as a personal restrained employer and is positioned in Chennai, Tamil Nadu. Its legal percentage capital is INR 2.80 cr and the full paid-up capital is INR 2.63 cr.

Ok so let’s today discuss the start-up story of Mi Lifestyle along with the founder, CEO, Mi Lifestyle history, and Mi Lifestyle competitors.

About:

The employer is a manufacturer of agro care, frame care, grocery, fitness care, dietary care, and private care products. Mi Lifestyle Marketing Private Limited is a Private integrated on thirteen August 2013. It is assessed as a Non-executive employer and is registered at the Registrar of Companies, Chennai. Its legal proportion capital is Rs. 10,000,000 and its paid-up capital is Rs. 100,000. It is involved in Business sports n.e.c.

Mi Lifestyle Marketing Private Limited’s Annual General Meeting (AGM) become final hung on 30 November 2021 and as in line with data from Ministry of Corporate Affairs (MCA), its stability sheet become final filed on 31 March 2021.

Mi Lifestyle Marketing Global’s running sales variety is Over INR 500 cr for the monetary yr finishing on 31 March, 2020. It’s EBITDA has reduced via way of means of -67.05 % over the preceding yr. At the identical time, it is ee-e book net worth has expanded via way of means of 56.34 %.

Mi Lifestyle is one of the pinnacle-rated agencies withinside the united states of america in terms of direct promotion and unique commercial enterprise techniques. The on-factor advertising techniques and commercial enterprise plans hold them proper on the pinnacle of the commercial enterprise.

The company’s legal capital stands at Rs 200. zero lakhs and has 66.125% paid-up capital that’s Rs 132.25 lakhs. MI Lifestyle Marketing Global Private Limited’s final annual widespread meet (AGM) passed off on 30 Sep, 2017. The employer’s final date its financials on 31 Mar, 2017 as in line with the Ministry of Corporate Affairs (MCA).

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Founder & Team:

Pravin Chandan is a skilled marketer with extra than  a long time of revel in that has fashioned him into one of the maximum sought-after commercial enterprise specialists withinside the direct promoting industry. He has spearheaded the fulfillment of Mi Lifestyle Marketing, an instantaneous promoting employer with its headquarters in Delhi. Mr. Munesh Lawaniyan is the proprietor of Mi Lifestyle.

Mi Lifestyle Founder
Mi Lifestyle Founder

Directors of Mi Lifestyle Marketing Private Limited are Mohamed Omar Arshak Jawhar and Vittobha Suresh. Current board members & administrators are Koteeswarao Hemamalini, Kolla Sathya Narayana, Mitesh Bhandari, Hackeem Abdul Rahim, And Manmohan Singh Kishore Kumar.

History:

Now let’s discuss Mi Lifestyle’s history. There is no data on it.

Name & Logo
Name & Logo

Revenue:

  • Revenue/turnover of MI LIFESTYLE MARKETING GLOBAL PRIVATE LIMITED is Over INR 500 cr
  • Net really well worth of the organization has multiplied with the aid of using 56.34% ITDA of the organization has reduced with the aid of using -67.05 %
  • Total property of the organization has multiplied with the aid of using 69.92 %
  • Liabilities of the organization has multiplied with the aid of using 75.31 %
  • Mi Lifestyle turnover is 3000 crores..

Funding & Investors:

LifeStyle Marketing raised an undisclosed amount / Seed from the Internet Initiatives Development Fund (IIDF)

Business Model:

Mi Lifestyle presents special sort of earnings possibilities such as

  • Retail Profit
  • Sales Turnover Bonus(Weekly Payout)
  • Rank Income(Monthly Payout)
  • Overriding Commission(Monthly Payout)
  • Performance Bonus(Monthly Payout)
  • Star Performance Bonus(Monthly Payout)
  • Loyalty Bonus(Monthly Payout)
  • Royalty Income(Monthly Payout)
  • NTC Bonus(Monthly Payout)
  • Awards & Rewards

Mi Lifestyle is an instantaneous promoting organization that manufactures a huge variety of private care merchandise for clients. The organization specifically makes a specialty of offering the goods at once to the clients via direct promoting enterprise systems. Over the years, Mi Lifestyle has mounted itself as one of the excellent direct promoting corporations withinside the country.

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Startup Overview:

Let’s check the Mi Lifestyle overview which is details of Mi Lifestyle –

Company Highlights 
Company NameMi Lifestyle
Parent Company Name
Website Url 
OwnerMr. Munesh Lawaniyan
Address
Headquarters
Industry 
CompetitorsAmazon, Flipkart, Nykaa etc.
Total No. of Employees
FounderPravin Chandan
Company Stage
App Type
Apk Size18 Mb
Funding Unknown
Founded Year2013
Valuation 
Acquistion
Total Funding
Revenue
Contact 
Country 
Launched By
Contact No.
Startup Overview

Other Services Offered via Mi Lifestyle:

MI Lifestyle Marketing Global Private Limited presents private care products. The Company gives soap, and shampoo. gel, tooth paste, and natural products. MI Lifestyle Marketing Global serves clients in India.

Awards & Recognition:

No awards have been given yet.

Competitors:

There is no proper competitors yet for Mi Lifestyle. But few can be –

  • Amazon.
  • Flipkart.
  • Nykaa.

Latest News:

  • Jul 9, 2021: MarTech Series — Lifestyle Marketing Platforms are Thriving withinside the B2C Segment.
  • Jan 31, 2018: Free Press Releases — Sebu Lifestyle Marketing Announces Strategic Marketing Solutions.
  • May 24, 2017: PRWeb Sitemap — Zoom Reports 30% Increase in Q1 Health Club Audience Year-Over-Year.
  • May 5, 2017: Zoom Active Lifestyle Marketing — 76% of Generation Active Would Still Work Out Even If They Could Be Fit Without It.

Future Plans:

Direct promotion may be an amazing enterprise possibility when you have the proper knowledge. One incredible instance of a right-away promoting enterprise is Mi Lifestyle which has made itself one of the exceptional direct promoting companies withinside the country. In the article, we’ve got supplied you with all of the required records which you want to realize approximately direct promoting and distributorship.

Some FAQs About Mi Lifestyle:

What is Mi Lifestyle advertising and marketing?

It is a form of direct promoting enterprise wherein the synthetic merchandise are supplied at once to the clients via an agency distributor with no involvement of different parties.

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What is the Business Opportunity for Customers withinside the agency?

Through the Customer Registration process, one may be a registered purchaser and may avail of all rights as a consumer.

The purchaser may be expanded to the location of a registered unbiased distributor and may earn additional profits through creating an enterprise and growing its personal consumers.

What is the enterprise possibility for Registered Distributors withinside the Mi lifestyle?

One can be part of the agency as a registered distributor. The individual has to agree to and abide by the code of behavior enumerated through the agency. In the preliminary stage, the distributor can be part of the Organisation 1 or Organisation 2 pattern.

The distributor can avail of merchandise at DP rates. The income margin of the distributor might also additionally range in step with the Business Volume constant through the agency.

Mi Lifestyle now no longer handiest offers with fitness and private care merchandise however is likewise related to the advertising and marketing of agro care merchandise, inclusive of Fungal Disease Protector, White Fly Protector, and plenty of others. Its slogan is going as “Healthy Crops and Better Yield”.

What is BV in Mi Lifestyle?

BV stands for enterprise quantity and it’s miles a form of forex unit this is used to transform your hard-earned into your countrywide forex, say INR. In Mi Lifestyle’s direct promoting agency, you get around 75% of the product price in BV each time you get a product.

For instance, when you have bought a toothpaste from the agency on the distributor’s rate is INR 200, then INR a hundred and fifty could be supplied to you as enterprise quantity. This enterprise quantity could be used later withinside the agency to depend on distinctive styles of profits which you are incomes via the agency.

Is Mi Lifestyle unlawful in India?

Till now, Mi Lifestyle is taken into consideration as a prison company in India because it has supplied the authorities with all of the required documents, and papers, and additionally has agreed to observe the enterprise policies and legal guidelines of the country.

Conclusion:

With an outstanding partnership with diverse branded corporations and company houses, Mi Lifestyle includes out the advertising and marketing of diverse merchandise. These are all approximately Mi Lifestyle.


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