Mgm Minerals Limited

Mining and trading iron ore, manufacturing sponge iron, and expanding operations.

1996 | Khorda, Odisha (India) | Active
Last Updated:

Mgm Minerals Profile

Key Indicators

  • Authorised Capital ₹ 190.00 Cr
  • Paid Up Capital ₹ 22.76 Cr
  • Company Age 29 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 756.61 Cr
  • Revenue Growth -23.26%
  • Profit Growth -45.82%
  • Ebitda -43.69%
  • Net Worth 18.39%
  • Total Assets 21.66%

About Mgm Minerals

Mgm Minerals Limited (MML) is a leading Public Limited Indian Non-Government Company incorporated in India on 16 April 1996 and has a history of 29 years and one month. Its registered office is in Khorda, Odisha, India.

The Company is engaged in the Energy And Power 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 190.00 Cr and a paid-up capital of Rs 22.76 Cr.

The company has closed loans amounting to ₹756.61 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mgm Minerals Limited India are Raghu Panda as CFO and Sushanta Dehury as Company Secretary. Saroj Ray, Pankaj Mohanty, Seema Mohanty, and Six other members serve as directors at the Company.

Company Details

  • Location

    Khorda, Odisha, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72101OR1996PLC004413

  • Company No.

    004413

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Apr 1996

  • Date of AGM

    12 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Cuttack

Industry

Energy and Power
Metals and Minerals
Company report

Mgm Minerals Limited

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

Who are the key members and board of directors at Mgm Minerals?

Executive Team (3)

NameDesignationAppointment DateStatus
Pankaj Mohanty Country flag representing In Managing Director13-May-1996Current
Raghu Panda CFO01-Jun-2023Current
Sushanta Dehury Company Secretary01-Apr-2021Current

Board Members (8)

NameDesignationAppointment DateStatus
Nihar Mohanty Country flag representing In Director 14-Aug-2021Current
Saroj Ray Country flag representing In Director 02-Apr-2021Current
Seema Mohanty Country flag representing In Director 29-Jun-2018Current
Padma Mohanty Country flag representing In Whole-Time Director 21-Sep-2013Current
Siddhartha Mohanty Country flag representing In Whole-Time Director 01-Jun-2023Current
Prasanna Parida Country flag representing In Director 01-Jun-2017Current

Financial Performance of Mgm Minerals.

Mgm Minerals Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 23.26% decrease. The company also saw a substantial fall in profitability, with a 45.82% decrease in profit. The company's net worth Soared by an impressive increase of 18.39%.

Mgm Minerals revenue growth over time
Mgm Minerals 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
-23.26%
Revenue from Operations
-23.20%
Total Assets
21.66%
Profit or Loss
-45.82%
Net Worth
18.39%
EBITDA
-43.69%

What is the Ownership and Shareholding Structure of Mgm Minerals?

In 2023, Mgm Minerals had a promoter holding of 75.20% and a public holding of 24.80%. The company had 6 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹756.61 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 500.00 Cr
  • State Bank Of India (Lead Banker) : 125.00 Cr
  • Indian Bank : 53.00 Cr
  • State Bank Of India : 48.65 Cr
  • Axis Bank Limited : 9.95 Cr
  • Others : 20.01 Cr

Latest Charge Details

DateLenderAmountStatus
17 Feb 2023Indian Bank₹53.00 CrSatisfied
09 Aug 2022Sbicap Trustee Company Limited₹500.00 CrSatisfied
29 Jan 2020Hdfc Bank Limited₹6.82 CrSatisfied
07 Nov 2012Oriental Bank Of Commerce₹7.50 CrSatisfied
17 Jun 2011Axis Bank Limited₹9.95 CrSatisfied

How Many Employees Work at Mgm Minerals?

Mgm Minerals has a workforce of 555 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Mgm Minerals Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mgm Minerals, 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 Mgm Minerals'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 Mgm Minerals

Recent activity within the organization

  • Charges

    A charge registered on 17 Feb 2023 via Charge ID 100684883 with Indian Bank was fully satisfied on 27 Aug 2024.

  • Charges

    A charge registered on 09 Aug 2022 via Charge ID 100607944 with Sbicap Trustee Company Limited was fully satisfied on 09 Aug 2024.

  • Annual General Meeting

    Mgm Minerals Limited last Annual general meeting of members was held on 12 Jul 2024 as per latest MCA records.

  • Balance Sheet

    Mgm Minerals Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Cuttack.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 500.00 Cr registered on 09 Aug 2022 with Charge ID 100607944 was modified on 29 Mar 2023.

  • Charges

    A charge with Indian Bank amounted to Rs. 53.00 Cr with Charge ID 100684883 was registered on 17 Feb 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Mgm Minerals Limited?

    Mgm Minerals Limited was incorporated on 16 Apr 1996.

  • What is authorized share capital and paid-up capital of Mgm Minerals Limited?

    The authorized share capital of Mgm Minerals Limited is ₹ 190.00 Cr and paid-up capital is ₹ 22.76 Cr.

  • Who are the current board members & directors of Mgm Minerals Limited?

    Currently 11 directors are associated with Mgm Minerals Limited.

    • Saroj Kumar Ray
    • Pankaj Lochan Mohanty
    • Seema Mohanty
    • Padma Lochan Mohanty
    • Siddhartha Mohanty
    • Nihar Ranjan Mohanty
    • Prasanna Kumar Parida
    • Sabita Mohanty
    • Srikanta Behera
    • Raghu Nath Panda
    • Sushanta Kumar Dehury

  • What is the registered address of Mgm Minerals Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mgm Minerals Limited is Plot No.- 65 Forest Park, India, Bhubaneswar, Orissa, 751009.

  • What is the corporate identification number (CIN) and company number of Mgm Minerals Limited?

    The corporate identification number (CIN) of Mgm Minerals Limited is U72101OR1996PLC004413 and the company number is 004413 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mgm Minerals Limited?

    The Official website of Mgm Minerals Limited is https://www.mgmmin.in

  • What has been the recent revenue trend for Mgm Minerals Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mgm Minerals Limited has fallen by -23.26%.

  • How many employees does Mgm Minerals Limited currently have?

    As Per 2023 financial reports, 555 employees are currently employed by Mgm Minerals Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Mgm Minerals Limited has experienced an upsurge of 18.39%.

  • When was the last Balance Sheet of Mgm Minerals Limited filed with the ROC?

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

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