Midas Electricals Profile
Key Indicators
- Authorised Capital ₹ 5.50 M
- Paid Up Capital ₹ 4.23 M
- Company Age 14 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 27.02 Cr
- Satisfied Charges ₹ 5.00 M
- Revenue Growth 91.69%
- Profit Growth 95.65%
- Ebitda 69.10%
- Net Worth 44.43%
- Total Assets 75.52%
About Midas Electricals
Midas Electricals Private Limited (MEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 02 September 2010 and has a history of 14 years and five months. Its registered office is in Choolai, Tamil Nadu.
The Corporate was formerly known as Southern Home Automation Private Limited. The Company is engaged in the Consumer Electronics & Durables 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 5.50 M and a paid-up capital of Rs 4.23 M.
The company currently has active open charges totaling ₹27.02 Cr. The company has closed loans amounting to ₹5.00 M, as per Ministry of Corporate Affairs (MCA) records.
Kunal Chowdhari and Mahendra Chowdhari serve as directors at the Company.
Company Details
- LocationChoolai, Tamil Nadu
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media-
Corporate Identity Details
- CIN/LLPIN
U31900TN2010PTC077200
- Company No.
077200
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
02 Sep 2010
- Date of AGM
29 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Midas Electricals?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kunal Chowdhari  | Director | 23-Mar-2012 | Current |
| Mahendra Chowdhari | Director | 23-Mar-2012 | Current |
Financial Performance of Midas Electricals.
Midas Electricals Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 91.69% increase. The company also saw a substantial improvement in profitability, with a 95.65% increase in profit. The company's net worth Soared by an impressive increase of 44.43%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Midas Electricals?
In 2023, Midas Electricals had a promoter holding of 81.08% and a public holding of 18.92%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Anupam Motor Finance LimitedKunal Chowdhari and Mahendra Chowdhari are mutual person
Charges (Loans)
₹270.21 M
₹5.00 M
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 14.02 Cr
- Others : 13.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2024 | Others | ₹3.50 Cr | Open |
| 29 Mar 2024 | Others | ₹5.00 Cr | Open |
| 18 Nov 2022 | Yes Bank Limited | ₹7.22 Cr | Open |
| 29 Sep 2014 | Yes Bank Limited | ₹6.80 Cr | Open |
| 27 Sep 2014 | Others | ₹4.50 Cr | Open |
How Many Employees Work at Midas Electricals?
Midas Electricals has a workforce of 12 employees as of Mar 29, 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 Electricals, 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 Electricals'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.
