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Amid its IPO preparations, ecommerce major Meesho has received approval from the National Company Law Tribunal (NCLT) to shift its headquarters back to India from the US.
As per the regulatory filings seen by Inc42, the NCLT Bengaluru Bench issued clearance to the ecommerce major in an order dated May 27th, 2025.
“In view of the above discussion, we conclude that the objections/observations to the scheme received from ROC/RD & Income Tax Department have been adequately explained by the petitioner companies (Meesho) and hence there is no impediment in approval of the scheme,” the filing added.
The development was first reported by Moneycontrol.
“This filing is part of our ongoing transition to re-domicile in India. With the majority of our operations, including customers, sellers, creators and Valmo partners already based here, this step aligns our corporate structure with our day-to-day business footprint,” said Meesho’s spokesperson.
As a part of this redomiciling process, Meesho is reportedly liable to pay $288 Mn ( around INR 2,480 Cr) in taxes to shift its headquarters from the US.
The NCLT approval comes on the back of Meesho’s board approving its conversion into a public entity amid IPO preparations in India, changing its name from ‘Meesho Private Limited’ to ‘Meesho Limited’.
Notably, Meesho will likely file its Draft Red Herring Prospectus (DRHP) in a few weeks.
Meesho, which is planning to raise $1 Bn through its public listing, also onboarded bankers including Morgan Stanley, Kotak Mahindra Capital and Citi to helm its IPO.
(The story will be updated soon.)
The post NCLT Approves Meesho’s Reverse Flip To India appeared first on Inc42 Media.
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