Mg Industries Limited

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

1997 | Delhi (India) | Active
Last Updated:

Mg Industries Profile

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 1.07 Cr
  • Company Age 28 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 13.02 Cr
  • Satisfied Charges ₹ 82.10 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 Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 January 1997 and has a history of 28 years and one month. Its registered office is in Delhi, India.

The Company is engaged in the Plastics Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. 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 ₹13.02 Cr. The company has closed loans amounting to ₹82.10 Cr, as per Ministry of Corporate Affairs (MCA) records.

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

Company Details

  • Location

    Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U25111DL1997PLC084285

  • Company No.

    084285

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Jan 1997

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Plastics

What products or services does Mg Industries Limited offer?

Mg Industries 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 (2)

NameDesignationAppointment DateStatus
Murli Vyas Country flag representing In Director 16-Oct-2021Current
Alissa Sheth Country flag representing In Director 05-Jun-2024Current

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%.

Mg Industries revenue growth over time
Mg Industries 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

₹13.02 Cr

Satisfied Charges

₹82.10 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 13.02 Cr

Latest Charge Details

DateLenderAmountStatus
10 May 2024Hdfc Bank Limited₹3.39 MOpen
06 May 2024Hdfc Bank Limited₹12.68 CrOpen
29 Jul 2021Others₹10.88 CrSatisfied
29 Jul 2021Others₹9.90 MSatisfied
16 Feb 2021Others₹9.90 MSatisfied

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.

Employee growth trends for Mg Industries Limited

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 Hdfc Bank Limited of Rs. 12.68 Cr registered on 06 May 2024 with Charge ID 100937360 was modified on 19 Nov 2024.

  • Annual General Meeting

    Mg Industries Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 29 Jul 2021 via Charge ID 100465178 with Others was fully satisfied on 14 Jun 2024.

  • Charges

    A charge registered on 29 Jul 2021 via Charge ID 100465177 with Others was fully satisfied on 14 Jun 2024.

  • Director Appointment

    Alissa Nanak Sheth was appointed as a Director was appointed as a Director on 05 Jun 2024 & has been associated with this company since 9 months .

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.34 Cr with Charge ID 100938667 was registered on 10 May 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Mg Industries Limited?

    Mg Industries Limited was incorporated on 07 Jan 1997.

  • What is authorized share capital and paid-up capital of Mg Industries Limited?

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

  • Who are the current board members & directors of Mg Industries Limited?

    Currently 3 directors are associated with Mg Industries Limited.

    • Mohit Gupta
    • Murli Dhar Vyas
    • Alissa Nanak Sheth
  • What is the registered address of Mg Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mg Industries Limited is Office No.401 4Th Floor Southern Park, Saket District Center India, New Delhi, 110017.

  • What is the corporate identification number (CIN) and company number of Mg Industries Limited?

    The corporate identification number (CIN) of Mg Industries Limited is U25111DL1997PLC084285 and the company number is 084285 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Mg Industries Limited?

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

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

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

  • What are the total open charges for Mg Industries Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Mg Industries Limited amount to ₹ 13.02 Cr.

  • When was the last Balance Sheet of Mg Industries Limited filed with the ROC?

    The most recent Balance Sheet for Mg Industries Limited was filed with the ROC on 31 Mar 2024.

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