Micromax Informatics Profile
Key Indicators
- Authorised Capital ₹ 250.00 Cr
- Paid Up Capital ₹ 155.42 Cr
- Company Age 24 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 2,071.17 Cr
- Satisfied Charges ₹ 1,249.98 Cr
- Revenue Growth -10.90%
- Profit Growth 19.96%
- Ebitda -268.26%
- Net Worth 2.09%
- Total Assets -19.22%
About Micromax Informatics
Micromax Informatics Limited (MIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 March 2000 and has a history of 24 years and 11 months. Its registered office is in Delhi, India.
The Corporate was formerly known as Micromax Informatics Private Limited. The Company is engaged in the E-Commerce 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 250.00 Cr and a paid-up capital of Rs 155.42 Cr.
The company currently has active open charges totaling ₹2,071.17 Cr. The company has closed loans amounting to ₹1,249.98 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Micromax Informatics Limited India are Vikas Thapar as CFO and Pratibha Sharma as Company Secretary. Sumeet Kumar, Rajesh Agarwal, Rahul Sharma, and Three other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U00000DL2000PLC104823
- Company No.
104823
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Mar 2000
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
E-Commerce
What products or services does Micromax Informatics Limited offer?
Micromax Informatics Limited offers a wide range of products and services, including Mobile Phones, Smart Phone, Micromax Smart Phone, Wireless Data Card, LED TV, High Definition Television, Micromax LED Television.
Who are the key members and board of directors at Micromax Informatics?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sumeet Kumar  | Managing Director | 29-Mar-2000 | Current |
| Vikas Thapar | CFO | 01-Apr-2018 | Current |
| Pratibha Sharma | Company Secretary | 18-Aug-2022 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vikas Jain | Director | 29-Mar-2000 | Current |
| Rajesh Agarwal | Whole-Time Director | 07-Aug-2024 | Current |
| Rahul Sharma | Director | 29-Mar-2000 | Current |
| Anuj Tyagi | Additional Director | 19-Sep-2024 | Current |
| Sakshi Chhabra | Additional Director | 19-Sep-2024 | Current |
Financial Performance of Micromax Informatics.
Micromax Informatics Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 10.9% decrease. The company also saw a substantial improvement in profitability, with a 19.96% increase in profit. The company's net worth moved up by a moderate rise of 2.09%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Micromax Informatics?
In 2021, Micromax Informatics had a promoter holding of 92.62% and a public holding of 7.38%. The company had 2 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Micromax Energy LimitedSumeet Kumar, Rajesh Agarwal and 2 more are mutual person
Heritage Max Realtech Private LimitedSumeet Kumar is a mutual person
Bhagwati Products LimitedSumeet Kumar, Rahul Sharma and 1 more are mutual person
Micromax Biofuels Private LimitedSumeet Kumar, Rajesh Agarwal and 2 more are mutual person
New Light Apparels LimitedAnuj Tyagi is a mutual person
Mmx Infrastructure LlpSumeet Kumar, Rajesh Agarwal and 2 more are mutual person
Charges (Loans)
Open Charges
₹2,071.17 Cr
Satisfied Charges
₹1,249.98 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 1827.00 Cr
- State Bank Of India : 167.10 Cr
- Citi Bank N.A. : 55.00 Cr
- Others : 19.27 Cr
- Axis Bank Limited : 2.80 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jun 2023 | State Bank Of India | ₹167.10 Cr | Open |
| 20 May 2023 | Axis Bank Limited | ₹1.00 Cr | Open |
| 27 Jul 2022 | Others | ₹9.00 M | Open |
| 19 May 2022 | Axis Bank Limited | ₹9.00 M | Open |
| 19 May 2022 | Axis Bank Limited | ₹9.00 M | Open |
How Many Employees Work at Micromax Informatics?
Micromax Informatics has a workforce of 107 employees as of Apr 07, 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 Micromax Informatics, 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 Micromax Informatics'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 Micromax Informatics
Recent activity within the organization
- Director Appointment
Anuj Tyagi was appointed as a Additional Director was appointed as a Additional Director on 19 Sep 2024 & has been associated with this company since 5 months 12 days .
- Director Appointment
Sakshi Chhabra was appointed as a Additional Director was appointed as a Additional Director on 19 Sep 2024 & has been associated with this company since 5 months 12 days .
- Director Appointment
Rajesh Agarwal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 07 Aug 2024 & has been associated with this company since 6 months 25 days .
- Charges
A charge with State Bank Of India of Rs. 167.10 Cr registered on 30 Jun 2023 with Charge ID 100769674 was modified on 04 May 2024.
- Charges
A charge registered on 02 May 2014 via Charge ID 10496618 with Punjab National Bank was fully satisfied on 12 Feb 2024.
- Annual General Meeting
Micromax Informatics Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
Recent News, Updates & Announcement
- Micromax eyes a steer into electric vehicles.
Micromax Informatics once had a firm grip on the local mobile phone market in India, for a time passing stalwarts like Samsung, icons like Apple and many more to be the biggest handset maker of them all. But a mix of stronger (and cheaper) competition, the rapid pace of technology development and the ongoing market […].
- Indian smartphone maker Micromax planning to enter EV market, likely with two-wheeler.
As per the regulatory filing, Micromax co-founders Vikas Jain, Rajesh Agarwal and Sumeet Kumar incorporated a company named "Micromax Mobility", hinting at the company's EV project..
- A slew of Micromax TVs could be be launched soon: Report.
Micromax could soon launch multiple TV models starting from the budget range of HD TVs to the premium range of UHD TVs. Check all details here..
Frequently asked questions
What is the Incorporation or founding date of Micromax Informatics Limited?
Micromax Informatics Limited was incorporated on 29 Mar 2000.
What is authorized share capital and paid-up capital of Micromax Informatics Limited?
The authorized share capital of Micromax Informatics Limited is ₹ 250.00 Cr and paid-up capital is ₹ 155.42 Cr.
Who are the current board members & directors of Micromax Informatics Limited?
Currently 8 directors are associated with Micromax Informatics Limited.
- Sumeet Kumar
- Rajesh Agarwal
- Rahul Sharma
- Vikas Jain
- Anuj Tyagi
- Sakshi Chhabra
- Vikas Thapar
- Pratibha Sharma
What is the registered address of Micromax Informatics Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Micromax Informatics Limited is Block-A Plot No. 21/14 Naraina Industrial Area, Phase-Ii India, New Delhi, 110028.
What is the corporate identification number (CIN) and company number of Micromax Informatics Limited?
The corporate identification number (CIN) of Micromax Informatics Limited is U00000DL2000PLC104823 and the company number is 104823 as per Ministry of Corporate Affairs (MCA).
What is the official website of Micromax Informatics Limited?
The Official website of Micromax Informatics Limited is https://www.micromaxinfo.com
What has been the recent revenue trend for Micromax Informatics Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Micromax Informatics Limited has fallen by -10.90%.
How many employees does Micromax Informatics Limited currently have?
As Per 2022 financial reports, 107 employees are currently employed by Micromax Informatics Limited.
What change has been observed in the net worth of Micromax Informatics Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Micromax Informatics Limited has experienced an upsurge of 2.09%.
What are the total open charges for Micromax Informatics Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Micromax Informatics Limited amount to ₹ 2,071.17 Cr.
When was the last Balance Sheet of Micromax Informatics Limited filed with the ROC?
The most recent Balance Sheet for Micromax Informatics Limited was filed with the ROC on 31 Mar 2023.
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