Midas Agrofoods Private Limited

Rice milling and trading company with multiple brands and sorting plants.

2014 | Moga, Punjab (India) | Active
Last Updated:

Midas Agrofoods Profile

Key Indicators

  • Authorised Capital ₹ 22.00 Cr
  • Paid Up Capital ₹ 21.00 Cr
  • Company Age 10 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 141.22 Cr
  • Satisfied Charges ₹ 48.01 Cr
  • Revenue Growth 36.05%
  • Profit Growth 106.32%
  • Ebitda 96.39%
  • Net Worth 14.61%
  • Total Assets 58.11%

About Midas Agrofoods

Midas Agrofoods Private Limited (MAPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 June 2014 and has a history of Ten years and ten months. Its registered office is in Moga, Punjab, India.

The Corporate was formerly known as Rigel Foods Private Limited. The Company is engaged in the Food And Beverages 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 22.00 Cr and a paid-up capital of Rs 21.00 Cr.

The company currently has active open charges totaling ₹141.22 Cr. The company has closed loans amounting to ₹48.01 Cr, as per Ministry of Corporate Affairs (MCA) records.

Lakhan Garg, Raghav Garg, and Kewal Krishan serve as directors at the Company.

Company Details

  • Location

    Moga, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U15312PB2014PTC038656

  • Company No.

    038656

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    10 Jun 2014

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Food and Beverages

What products or services does Midas Agrofoods Private Limited offer?

Midas Agrofoods Private Limited offers a wide range of products and services, including Rice, Aromatic Rice, Basmati Rice, India Gate Basmati Rice.

Company report

Midas Agrofoods Private Limited

Explore comprehensive data for Midas Agrofoods Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Midas Agrofoods?

Board Members (3)

NameDesignationAppointment DateStatus
Lakhan Garg Country flag representing In Director 10-Jun-2014Current
Raghav Garg Country flag representing In Director 10-Jun-2014Current
Kewal Krishan Country flag representing In Director 18-Aug-2022Current

Financial Performance of Midas Agrofoods.

Midas Agrofoods Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 36.05% increase. The company also saw a substantial improvement in profitability, with a 106.32% increase in profit. The company's net worth Soared by an impressive increase of 14.61%.

Midas Agrofoods revenue growth over time
Midas Agrofoods 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
36.05%
Revenue from Operations
36.25%
Total Assets
58.11%
Profit or Loss
106.32%
Net Worth
14.61%
EBITDA
96.39%

What is the Ownership and Shareholding Structure of Midas Agrofoods?

In 2023, Midas Agrofoods had a promoter holding of 88.84% and a public holding of 11.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹141.22 Cr

Satisfied Charges

₹48.01 Cr

Charges Breakdown by Lending Institutions

  • Others : 139.29 Cr
  • Sidbi : 1.93 Cr

Latest Charge Details

DateLenderAmountStatus
26 Mar 2024Sidbi₹1.93 CrOpen
24 Feb 2024Others₹29.98 CrOpen
24 Oct 2023Others₹58.25 CrOpen
30 Aug 2016Others₹51.06 CrOpen
09 Nov 2021State Bank Of India₹4.12 CrSatisfied

How Many Employees Work at Midas Agrofoods?

Midas Agrofoods has a workforce of 10 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 Midas Agrofoods Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midas Agrofoods, 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 Midas Agrofoods'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 Midas Agrofoods

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 51.06 Cr registered on 30 Aug 2016 with Charge ID 100062154 was modified on 10 Oct 2024.

  • Charges

    A charge with Others of Rs. 58.25 Cr registered on 24 Oct 2023 with Charge ID 100826228 was modified on 08 Oct 2024.

  • Annual General Meeting

    Midas Agrofoods Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 09 Nov 2021 via Charge ID 100498233 with State Bank Of India was fully satisfied on 05 Jul 2024.

  • Charges

    A charge registered on 04 Sep 2020 via Charge ID 100378495 with State Bank Of India was fully satisfied on 05 Jul 2024.

  • Balance Sheet

    Midas Agrofoods Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

Frequently asked questions

  • What is the Incorporation or founding date of Midas Agrofoods Private Limited?

    Midas Agrofoods Private Limited was incorporated on 10 Jun 2014.

  • What is authorized share capital and paid-up capital of Midas Agrofoods Private Limited?

    The authorized share capital of Midas Agrofoods Private Limited is ₹ 22.00 Cr and paid-up capital is ₹ 21.00 Cr.

  • Who are the current board members & directors of Midas Agrofoods Private Limited?

    Currently 3 directors are associated with Midas Agrofoods Private Limited.

    • Lakhan Garg
    • Raghav Garg
    • Kewal Krishan

  • What is the registered address of Midas Agrofoods Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Midas Agrofoods Private Limited is Mudki Road India, Baghapurana, Punjab, 142038.

  • What is the corporate identification number (CIN) and company number of Midas Agrofoods Private Limited?

    The corporate identification number (CIN) of Midas Agrofoods Private Limited is U15312PB2014PTC038656 and the company number is 038656 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Midas Agrofoods Private Limited?

    The Official website of Midas Agrofoods Private Limited is https://www.midasagro.in

  • What has been the recent revenue trend for Midas Agrofoods Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Midas Agrofoods Private Limited has risen by 36.05%.

  • How many employees does Midas Agrofoods Private Limited currently have?

    As Per 2023 financial reports, 10 employees are currently employed by Midas Agrofoods Private Limited.

  • What change has been observed in the net worth of Midas Agrofoods Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Midas Agrofoods Private Limited has experienced an upsurge of 14.61%.

  • What are the total open charges for Midas Agrofoods Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Midas Agrofoods Private Limited amount to ₹ 141.22 Cr.

  • When was the last Balance Sheet of Midas Agrofoods Private Limited filed with the ROC?

    The most recent Balance Sheet for Midas Agrofoods Private Limited was filed with the ROC on 31 Mar 2024.

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