Mg Retails Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 5.00 M
- Company Age 5 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2.50 M
- Revenue Growth -88.77%
- Profit Growth -1178.80%
- Ebitda -149.06%
- Net Worth -54.73%
- Total Assets -17.92%
About Mg Retails
Mg Retails Private Limited (MRPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 29 July 2019 (Five years and six months 3 days old ). Its registered office is in Delhi, India.
The Company is engaged in the Engineering 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 1.00 Cr and a paid-up capital of Rs 5.00 M.
The company currently has active open charges totaling ₹2.50 M.
Mohd Choudhary, Aqib Khan, and Mumtaz Khan serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U52190DL2019PTC353164
- Company No.
353164
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Jul 2019
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
What products or services does Mg Retails Private Limited offer?
Mg Retails Private Limited offers a wide range of products and services, including Water Purifiers, Aquaguard Water Purifiers, Disposable Gloves, Nitrile Gloves, Networking Solutions, Annual Maintenance Contract Services, Site Annual Maintenance Services, Website Designing, Dynamic Web Designing Services, Website Domain Hosting Service.
Who are the key members and board of directors at Mg Retails?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mohd Choudhary  | Director | 09-Sep-2019 | Current |
| Aqib Khan | Director | 28-Mar-2022 | Current |
| Mumtaz Khan | Director | 29-Jul-2019 | Current |
Financial Performance of Mg Retails.
Mg Retails Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 88.77% decrease. The company also saw a substantial fall in profitability, with a 1178.8% decrease in profit. The company's net worth observed a substantial decline by a decrease of 54.73%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Mg Retails?
In 2023, Mg Retails had a promoter holding of 65.00% and a public holding of 35.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Marigold Exports (Ind) Private LimitedAqib Khan and Mumtaz Khan are mutual person
- Beads Master Private Limited
Aqib Khan and Mumtaz Khan are mutual person
Charges (Loans)
₹0.25 Cr
₹0
Charges Breakdown by Lending Institutions
- The Jammu And Kashmir Bank Limited : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Sep 2020 | The Jammu And Kashmir Bank Limited | ₹2.50 M | Open |
How Many Employees Work at Mg Retails?
Unlock and access historical data on people associated with Mg Retails, 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 Retails, 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 Retails'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.
