Mg Industries Limited
Manufactures butyl rubber inner tubes and related products, with a plant in Gwalior and headquarters in Delhi.
1997 | Delhi (India) | Active
Mg Industries Profile
Key Indicators
- Authorised Capital ₹ 8.00 Cr
- Paid Up Capital ₹ 1.07 Cr
- Company Age 28 Year, 2 Months
- 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 two months. 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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mohit Gupta  | Managing Director | 07-Jan-1997 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Murli Vyas | Director | 16-Oct-2021 | Current |
| Alissa Sheth | Director | 05-Jun-2024 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
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- Adelphi Tyres Private Limited
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- Vandana Rubber And Chemicals Private Limited
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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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 May 2024 | Hdfc Bank Limited | ₹3.39 M | Open |
| 06 May 2024 | Hdfc Bank Limited | ₹12.68 Cr | Open |
| 29 Jul 2021 | Others | ₹10.88 Cr | Satisfied |
| 29 Jul 2021 | Others | ₹9.90 M | Satisfied |
| 16 Feb 2021 | Others | ₹9.90 M | Satisfied |
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.
Deals i
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
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
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 3 days .
- 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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