Regulatory
MCA V3 vs MCA V2 — What Changed for Indian D2C Founders
Model this for your store in the Unit Economics Planner.
What's structurally different
V2: PDF filings, manual extraction.
V3: XBRL tags every line — Revenue from Operations, EBITDA, Total Borrowings — queryable in bulk.
This enables real competitive benchmarking that was impractical before.
What Sylvr does with it
Sylvr ingests MCA V3 XBRL filings quarterly, maps companies to category codes, and feeds peer-group financial benchmarks into Brand Diagnosis. Grow subscribers see competitor revenue band context.
Frequently asked questions
Are all companies on V3 yet?↓
Mandatory for listed and large private companies from July 2025. Small companies have a phased timeline through 2026–27.
Can I refuse to file in XBRL?↓
No, for entities above the threshold. Penalties for non-compliance are substantial.
Does V3 expose data I don't want public?↓
Only what was already public on V2. V3 doesn't expand the disclosure set; it makes existing disclosures machine-readable.