Mg Industries Private Limited

Manufactures butyl rubber inner tubes and related products, with a plant in Gwalior and headquarters in Delhi.

1997 | South Delhi, Delhi (India) | Active
Last Updated: July 06, 2024

Mg Industries Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 1.07 Cr
  • Company Age 28 Year, 23 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 11.87 Cr
  • Satisfied Charges ₹ 70.23 Cr
  • Revenue Growth 74.97%
  • Profit Growth 1860.24%
  • Ebitda 272.50%
  • Net Worth 22.78%
  • Total Assets 16.60%

About Mg Industries

Mg Industries Private Limited (MIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 07 January 1997 and has a history of 28 years. Its registered office is in South Delhi, Delhi, India.

The Company is engaged in the Manufacturing 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 8.00 Cr and a paid-up capital of Rs 1.07 Cr.

The company currently has active open charges totaling ₹11.87 Cr. The company has closed loans amounting to ₹70.23 Cr, as per Ministry of Corporate Affairs (MCA) records.

Murli Vyas and Mohit Gupta serve as directors at the Company.

Company Details

  • Location

    South Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U25111DL1997PTC084285

  • Company No.

    084285

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    07 Jan 1997

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Manufacturing

What products or services does Mg Industries Private Limited offer?

Mg Industries Private Limited offers a wide range of products and services, including Tyre, Tube & Flaps, Tyre Tube, Tyre Accessories, Truck Tyre Flaps, Automobile Interiors & Accessories, Automotive Accessories.

Who are the key members and board of directors at Mg Industries?

Executive Team (1)

NameDesignationAppointment DateStatus
Mohit Gupta Country flag representing In Managing Director07-Jan-1997Current

Board Members (1)

NameDesignationAppointment DateStatus
Murli Vyas Country flag representing In Director 16-Oct-2021Current

Financial Performance of Mg Industries.

Mg Industries Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 74.97% increase. The company also saw a substantial improvement in profitability, with a 1860.24% increase in profit. The company's net worth Soared by an impressive increase of 22.78%.

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
74.97%
Revenue from Operations
120.53%
Total Assets
16.60%
Profit or Loss
1860.24%
Net Worth
22.78%
EBITDA
272.50%

What is the Ownership and Shareholding Structure of Mg Industries?

In 2021, Mg Industries had a public holding of 10.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹11.87 Cr

Satisfied Charges

₹70.23 Cr

Charges Breakdown by Lending Institutions

  • Others : 11.87 Cr

Latest Charge Details

DateLenderAmountStatus
29 Jul 2021Others₹10.88 CrOpen
29 Jul 2021Others₹9.90 MOpen
16 Feb 2021Others₹9.90 MSatisfied
23 Sep 2020Others₹17.00 CrSatisfied
06 Feb 2020Others₹6.00 CrSatisfied

How Many Employees Work at Mg Industries?

Unlock and access historical data on people associated with Mg Industries, 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 Mg Industries, 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 Mg Industries'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 Mg Industries

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 10.88 Cr registered on 29 Jul 2021 with Charge ID 100465177 was modified on 17 Oct 2023.

    17 Oct 2023

  • Annual General Meeting

    Mg Industries Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Mg Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

    31 Mar 2023

  • Director Appointment

    Murli Dhar Vyas was appointed as a Director was appointed as a Director on 16 Oct 2021 & has been associated with this company since 3 years 3 months .

    16 Oct 2021

  • Charges

    A charge registered on 23 Sep 2020 via Charge ID 100375805 with Others was fully satisfied on 06 Sep 2021.

    06 Sep 2021

  • Charges

    A charge with Others of Rs. 0.99 Cr registered on 29 Jul 2021 with Charge ID 100465178 was modified on 26 Aug 2021.

    26 Aug 2021

Frequently asked questions

  • Mg Industries Private Limited was incorporated on 07 Jan 1997.

  • The authorized share capital of Mg Industries Private Limited is ₹ 8.00 Cr and paid-up capital is ₹ 1.07 Cr.

  • Currently 2 directors are associated with Mg Industries Private Limited.

    • Murli Dhar Vyas
    • Mohit Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mg Industries Private Limited is D-151-A (Basement), Defence Colony, New Delhi, India, 110024.

  • The corporate identification number (CIN) of Mg Industries Private Limited is U25111DL1997PTC084285 and the company number is 084285 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Mg Industries Private Limited has risen by 74.97%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Mg Industries Private Limited has experienced an upsurge of 22.78%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Mg Industries Private Limited amount to ₹ 11.87 Cr.

  • The most recent Balance Sheet for Mg Industries Private Limited was filed with the ROC on 31 Mar 2023.

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