Maharashtra Industry Development Association

Supporting business growth, collaborations, exports, and investment promotion in Maharashtra.

2010 | Mumbai, Maharashtra (India) | Active
Last Updated: July 02, 2024

Maharashtra Industry Development Association Profile

Key Indicators

  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.90 M
  • Company Age 14 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 4.70 M
  • Revenue Growth -58.32%
  • Profit Growth -82.91%
  • Ebitda -33.12%
  • Net Worth 5.73%
  • Total Assets -4.29%

About Maharashtra Industry Development Association

Maharashtra Industry Development Association (MIDA) is a Private Not For Profit Company incorporated in India on 01 September 2010 and has a history of 14 years and five months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Maharashtra Industrial And Economic Development Association. The Company is engaged in the Business Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 M and a paid-up capital of Rs 0.90 M.

The company currently has active open charges totaling ₹4.70 M.

Mahesh Salunkhe and Chandrakant Salunkhe serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    midaorg.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U91910MH2010NPL207360

  • Company No.

    207360

  • Company Classification

    Private Not For Profit Company

  • Incorporation Date

    01 Sep 2010

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Business Services

Who are the key members and board of directors at Maharashtra Industry Development Association?

Executive Team (1)

NameDesignationAppointment DateStatus
Chandrakant Salunkhe Country flag representing In Managing Director01-Sep-2010Current

Board Members (1)

NameDesignationAppointment DateStatus
Mahesh Salunkhe Country flag representing In Director 01-Sep-2010Current

Financial Performance of Maharashtra Industry Development Association.

Maharashtra Industry Development Association, for the financial year ended 2023, experienced significant reduction in revenue, with a 58.32% decrease. The company also saw a substantial fall in profitability, with a 82.91% decrease in profit. The company's net worth moved up by a moderate rise of 5.73%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-58.32%
Revenue from Operations
-58.36%
Total Assets
-4.29%
Profit or Loss
-82.91%
Net Worth
5.73%
EBITDA
-33.12%

What is the Ownership and Shareholding Structure of Maharashtra Industry Development Association?

In 2023, Maharashtra Industry Development Association had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹4.70 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Central Bank Of India : 0.47 Cr

Latest Charge Details

DateLenderAmountStatus
01 Jun 2015Central Bank Of India₹4.70 MOpen

How Many Employees Work at Maharashtra Industry Development Association?

Unlock and access historical data on people associated with Maharashtra Industry Development Association, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Industry Development Association, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Industry Development Association's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Maharashtra Industry Development Association

Recent activity within the organization

  • Annual General Meeting

    Maharashtra Industry Development Association last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Maharashtra Industry Development Association has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Charges

    A charge with Central Bank Of India amounted to Rs. 4.70 M with Charge ID 10576655 was registered on 01 Jun 2015.

    01 Jun 2015

  • Director Appointment

    Mahesh Balasaheb Salunkhe was appointed as a Director was appointed as a Director on 01 Sep 2010 & has been associated with this company since 14 years 5 months .

    01 Sep 2010

  • Director Appointment

    Chandrakant Anant Salunkhe was appointed as a Managing Director was appointed as a Managing Director on 01 Sep 2010 & has been associated with this company since 14 years 5 months .

    01 Sep 2010

  • Company Incorporation

    Maharashtra Industry Development Association was registered on 01 Sep 2010 with Roc Mumbai & aged 14 years 5 months as per MCA records.

    01 Sep 2010

Frequently asked questions

  • Maharashtra Industry Development Association was incorporated on 01 Sep 2010.

  • The authorized share capital of Maharashtra Industry Development Association is ₹ 1.50 M and paid-up capital is ₹ 0.90 M.

  • Currently 2 directors are associated with Maharashtra Industry Development Association.

    • Mahesh Balasaheb Salunkhe
    • Chandrakant Anant Salunkhe
  • As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra Industry Development Association is 4 Gr Floor Samruddhi Venture Park Marol Midc Area Midc Central Roaf Andheri East, Mumbai, Maharashtra, India, 400093.

  • The corporate identification number (CIN) of Maharashtra Industry Development Association is U91910MH2010NPL207360 and the company number is 207360 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Maharashtra Industry Development Association is https://www.midaorg.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Maharashtra Industry Development Association has fallen by -58.32%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Maharashtra Industry Development Association has experienced an upsurge of 5.73%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Maharashtra Industry Development Association amount to ₹ 4.70 M.

  • The most recent Balance Sheet for Maharashtra Industry Development Association was filed with the ROC on 31 Mar 2023.