Microfit Industries Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.44 Cr
- Company Age 18 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.55 Cr
- Satisfied Charges ₹ 1.00 M
- Revenue Growth 65.65%
- Profit Growth 141.95%
- Ebitda 499.79%
- Net Worth 55.35%
- Total Assets 56.42%
About Microfit Industries
Microfit Industries Private Limited (MIPL) is a Private Limited Indian Non-Government Company incorporated in India on 31 March 2006 and has a history of 18 years and ten months. Its registered office is in Cuddalore, Tamil Nadu, India.
The Company is engaged in the Machinery And Equipment 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 1.50 Cr and a paid-up capital of Rs 1.44 Cr.
The company currently has active open charges totaling ₹5.55 Cr. The company has closed loans amounting to ₹1.00 M, as per Ministry of Corporate Affairs (MCA) records.
Roopa Sankar, Varun Seenevas, Sivakumar, and One other member serve as directors at the Company.
Company Details
- Location
Cuddalore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U28920TN2006PTC059386
- Company No.
059386
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
31 Mar 2006
- Date of AGM
18 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Microfit Industries Private Limited offer?
Microfit Industries Private Limited offers a wide range of products and services, including Alloy, Metal and Industrial Nuts, Lock Nut, Industrial Shafts, Machined Shafts, Sheet Metal & Turned Components, Machine Parts, Metal Bolts, Eye Bolts, Nuts, Hex Nuts.
Who are the key members and board of directors at Microfit Industries?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sivakumar  | Managing Director | 31-Mar-2006 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Varun Seenevas | Director | 29-Jun-2015 | Current |
| Roopa Sankar | Whole-Time Director | 23-Nov-2020 | Current |
| Punitharani | Whole-Time Director | 31-Mar-2006 | Current |
Financial Performance of Microfit Industries.
Microfit Industries Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 65.65% increase. The company also saw a substantial improvement in profitability, with a 141.95% increase in profit. The company's net worth Soared by an impressive increase of 55.35%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Microfit Industries?
In 2022, Microfit Industries had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Giamiti Metal Formers Private LimitedVarun Seenevas and Sivakumar are mutual person
Charges (Loans)
₹5.55 Cr
₹0.10 Cr
Charges Breakdown by Lending Institutions
- Others : 2.81 Cr
- Canara Bank : 2.74 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2022 | Others | ₹5.00 M | Open |
| 02 Mar 2022 | Others | ₹2.31 Cr | Open |
| 18 Jan 2021 | Canara Bank | ₹3.16 M | Open |
| 13 Feb 2018 | Canara Bank | ₹2.40 M | Open |
| 26 Sep 2011 | Canara Bank | ₹2.18 Cr | Open |
How Many Employees Work at Microfit Industries?
Microfit Industries has a workforce of 60 employees as of Apr 06, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Microfit 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 Microfit 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
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