Midas Agrofoods Profile
Key Indicators
- Authorised Capital ₹ 22.00 Cr
as on 17-11-2024
- Paid Up Capital ₹ 21.00 Cr
as on 17-11-2024
- Company Age 10 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 141.22 Cr
as on 17-11-2024
- Satisfied Charges ₹ 48.01 Cr
as on 17-11-2024
- Revenue 36.05%
(FY 2023)
- Profit 106.32%
(FY 2023)
- Ebitda 96.39%
(FY 2023)
- Net Worth 14.61%
(FY 2023)
- Total Assets 58.11%
(FY 2023)
About Midas Agrofoods
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.
- 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
Company Details
- Location
Moga, Punjab, India
- Telephone
- Email Address
- Website
- Social Media
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.
Who are the key members and board of directors at Midas Agrofoods?
Board Members(3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Lakhan Garg  | Director | 10-Jun-2014 | Current |
| Raghav Garg | Director | 10-Jun-2014 | Current |
| Kewal Krishan | Director | 18-Aug-2022 | Current |
Financial Performance and Corporate Structure Insights 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Sidbi Creation Date: 26 Mar 2024 | ₹1.93 Cr | Open |
Others Creation Date: 24 Feb 2024 | ₹29.98 Cr | Open |
Others Creation Date: 24 Oct 2023 | ₹58.25 Cr | Open |
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.
Deals i
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
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.
