Mgs Sales Private Limited

This company deals with automobile dealership, spare parts, accessories, and oil lubricants.

2011 | Lucknow, Uttar Pradesh (India) | Active
Last Updated: November 16, 2024

Mgs Sales Profile

Key Indicators

  • Authorised Capital ₹ 2.50 Cr
  • Paid Up Capital ₹ 2.50 Cr
  • Company Age 13 Year, 8 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 91.90 Cr
  • Satisfied Charges ₹ 16.64 Cr
  • Revenue Growth -32.04%
  • Profit Growth 12.40%
  • Ebitda 15.15%
  • Net Worth 34.37%
  • Total Assets 14.01%

About Mgs Sales

Mgs Sales Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 June 2011 and has a history of 13 years and eight months. Its registered office is in Lucknow, Uttar Pradesh, India.

The Company is engaged in the Automotive 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 2.50 Cr and a paid-up capital of Rs 2.50 Cr.

The company currently has active open charges totaling ₹91.90 Cr. The company has closed loans amounting to ₹16.64 Cr, as per Ministry of Corporate Affairs (MCA) records.

Shivani Gupta, Divas Gupta, Raghav Gupta, and One other member serve as directors at the Company.

Company Details

  • Location

    Lucknow, Uttar Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U50102UP2011PTC045160

  • Company No.

    045160

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Jun 2011

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kanpur

Industry

Automotive

Who are the key members and board of directors at Mgs Sales?

Board Members (4)

NameDesignationAppointment DateStatus
Raghav Gupta Country flag representing In Additional Director 01-Apr-2024Current
Divas Gupta Country flag representing In Director 15-Nov-2011Current
Shivani Gupta Country flag representing In Director 06-Jun-2011Current
Vipin Sharma Country flag representing In Director 21-Jul-2015Current

Financial Performance of Mgs Sales.

Mgs Sales Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 32.04% decrease. The company also saw a substantial improvement in profitability, with a 12.4% increase in profit. The company's net worth Soared by an impressive increase of 34.37%.

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
-32.04%
Revenue from Operations
-31.90%
Total Assets
14.01%
Profit or Loss
12.40%
Net Worth
34.37%
EBITDA
15.15%

What is the Ownership and Shareholding Structure of Mgs Sales?

In 2023, Mgs Sales had a promoter holding of 84.90% and a public holding of 15.10%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹91.90 Cr

Satisfied Charges

₹16.64 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 91.90 Cr

Latest Charge Details

DateLenderAmountStatus
13 Sep 2023Hdfc Bank Limited₹1.99 MOpen
17 Aug 2015Hdfc Bank Limited₹91.71 CrOpen
19 Sep 2014Kotak Mahindra Bank Limited₹1.50 CrSatisfied
22 Oct 2013Tata Capital Financial Services Limited₹1.13 MSatisfied
30 Sep 2013Tata Capital Financial Services Limited₹2.78 MSatisfied

How Many Employees Work at Mgs Sales?

Mgs Sales has a workforce of 54 employees as of Apr 09, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mgs Sales, 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 Mgs Sales'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 Mgs Sales

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited of Rs. 91.71 Cr registered on 17 Aug 2015 with Charge ID 10598257 was modified on 29 Jul 2024.

    29 Jul 2024

  • Director Appointment

    Raghav Gupta was appointed as a Additional Director was appointed as a Additional Director on 01 Apr 2024 & has been associated with this company since 10 months 24 days .

    01 Apr 2024

  • Annual General Meeting

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

    30 Sep 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100810890 was registered on 13 Sep 2023.

    13 Sep 2023

  • Balance Sheet

    Mgs Sales Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kanpur.

    31 Mar 2023

  • Charges

    A charge registered on 19 Sep 2014 via Charge ID 10521054 with Kotak Mahindra Bank Limited was fully satisfied on 26 Feb 2016.

    26 Feb 2016

Frequently asked questions

  • Mgs Sales Private Limited was incorporated on 06 Jun 2011.

  • The authorized share capital of Mgs Sales Private Limited is ₹ 2.50 Cr and paid-up capital is ₹ 2.50 Cr.

  • Currently 4 directors are associated with Mgs Sales Private Limited.

    • Shivani Gupta
    • Divas Gupta
    • Raghav Gupta
    • Vipin Sharma
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mgs Sales Private Limited is 11 M.G. Marg Hazaratganj India, Lucknow, Uttar Pradesh, 226001.

  • The corporate identification number (CIN) of Mgs Sales Private Limited is U50102UP2011PTC045160 and the company number is 045160 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mgs Sales Private Limited has fallen by -32.04%.

  • As Per 2023 financial reports, 54 employees are currently employed by Mgs Sales Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mgs Sales Private Limited has experienced an upsurge of 34.37%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mgs Sales Private Limited amount to ₹ 91.90 Cr.

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

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