Mfs Ethnic Limited

Produces and sells ethnic wear and accessories, including sherwanis and kurta sets, through online platform.

2017 | Mumbai, Maharashtra (India) | Active
Last Updated:

Mfs Ethnic Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 1.51 Cr
  • Company Age 7 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 16.79 Cr
  • Satisfied Charges ₹ 11.35 Cr
  • Revenue Growth 34.13%
  • Profit Growth 93.10%
  • Ebitda 107.17%
  • Net Worth 23.98%
  • Total Assets 16.08%

About Mfs Ethnic

Mfs Ethnic Limited (MEL) is a Public Limited Indian Non-Government Company incorporated in India on 25 July 2017 (Seven years and eight months 14 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Fashion And Textile 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 6.00 Cr and a paid-up capital of Rs 1.51 Cr.

The company currently has active open charges totaling ₹16.79 Cr. The company has closed loans amounting to ₹11.35 Cr, as per Ministry of Corporate Affairs (MCA) records.

Mitesh Sanghvi, Haresh Doshi, Jigna Doshi, and One other member serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U18209MH2017PLC297799

  • Company No.

    297799

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    25 Jul 2017

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Fashion and Textile
Company report

Mfs Ethnic Limited

Explore comprehensive data for Mfs Ethnic Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Mfs Ethnic?

Executive Team (1)

NameDesignationAppointment DateStatus
Mitesh Sanghvi Country flag representing In Managing Director25-Jul-2017Current

Board Members (3)

NameDesignationAppointment DateStatus
Haresh Doshi Country flag representing In Whole-Time Director 01-Feb-2019Current
Jigna Doshi Country flag representing In Director 01-Sep-2021Current
Sarika Sanghvi Country flag representing In Director 21-Mar-2024Current

Financial Performance of Mfs Ethnic.

Mfs Ethnic Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 34.13% increase. The company also saw a substantial improvement in profitability, with a 93.1% increase in profit. The company's net worth Soared by an impressive increase of 23.98%.

Mfs Ethnic revenue growth over time
Mfs Ethnic 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
34.13%
Revenue from Operations
34.33%
Total Assets
16.08%
Profit or Loss
93.10%
Net Worth
23.98%
EBITDA
107.17%

What is the Ownership and Shareholding Structure of Mfs Ethnic?

In 2023, Mfs Ethnic 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

₹16.79 Cr

Satisfied Charges

₹11.35 Cr

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 16.79 Cr

Latest Charge Details

DateLenderAmountStatus
14 Feb 2024Standard Chartered Bank₹4.65 CrOpen
25 Aug 2023Standard Chartered Bank₹3.00 CrOpen
25 Aug 2023Standard Chartered Bank₹2.20 CrOpen
19 Apr 2023Standard Chartered Bank₹6.94 CrOpen
12 Jan 2022Others₹1.35 CrSatisfied

How Many Employees Work at Mfs Ethnic?

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

Employee growth trends for Mfs Ethnic Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mfs Ethnic, 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 Mfs Ethnic'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 Mfs Ethnic

Recent activity within the organization

  • Charges

    A charge registered on 12 Jan 2022 via Charge ID 100540679 with Others was fully satisfied on 12 Jun 2024.

  • Director Appointment

    Sarika Mitesh Sanghvi was appointed as a Director was appointed as a Director on 21 Mar 2024 & has been associated with this company since 1 year 18 days .

  • Charges

    A charge registered on 13 Dec 2017 via Charge ID 100153277 with Others was fully satisfied on 20 Mar 2024.

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 4.65 Cr with Charge ID 100866278 was registered on 14 Feb 2024.

  • Annual General Meeting

    Mfs Ethnic Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 3.00 Cr with Charge ID 100786510 was registered on 25 Aug 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Mfs Ethnic Limited?

    Mfs Ethnic Limited was incorporated on 25 Jul 2017.

  • What is authorized share capital and paid-up capital of Mfs Ethnic Limited?

    The authorized share capital of Mfs Ethnic Limited is ₹ 6.00 Cr and paid-up capital is ₹ 1.51 Cr.

  • Who are the current board members & directors of Mfs Ethnic Limited?

    Currently 4 directors are associated with Mfs Ethnic Limited.

    • Mitesh Pramod Sanghvi
    • Haresh Javerilal Doshi
    • Jigna Haresh Doshi
    • Sarika Mitesh Sanghvi

  • What is the registered address of Mfs Ethnic Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mfs Ethnic Limited is 711 7Th Floor Essgee Option One Nr Tilak Bhawan Senapati Bapat Marg, Dadar W India, Mumbai, Maharashtra, 400025.

  • What is the corporate identification number (CIN) and company number of Mfs Ethnic Limited?

    The corporate identification number (CIN) of Mfs Ethnic Limited is U18209MH2017PLC297799 and the company number is 297799 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mfs Ethnic Limited?

    The Official website of Mfs Ethnic Limited is https://www.mfsethnic.com

  • What has been the recent revenue trend for Mfs Ethnic Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mfs Ethnic Limited has risen by 34.13%.

  • What change has been observed in the net worth of Mfs Ethnic Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mfs Ethnic Limited has experienced an upsurge of 23.98%.

  • What are the total open charges for Mfs Ethnic Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mfs Ethnic Limited amount to ₹ 16.79 Cr.

  • When was the last Balance Sheet of Mfs Ethnic Limited filed with the ROC?

    The most recent Balance Sheet for Mfs Ethnic Limited was filed with the ROC on 31 Mar 2023.

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