Midas Electronics Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 1.93 M
- Company Age 14 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 5.54 M
- Satisfied Charges ₹ 1.00 Cr
- Revenue Growth -1.70%
- Profit Growth 5.76%
- Ebitda -45.25%
- Net Worth 10.21%
- Total Assets -12.19%
About Midas Electronics
Midas Electronics Private Limited (MEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 March 2010 and has a history of 14 years and 11 months. Its registered office is in Delhi, India.
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 1.00 Cr and a paid-up capital of Rs 1.93 M.
The company currently has active open charges totaling ₹5.54 M. The company has closed loans amounting to ₹1.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sanchit Agarwal, Ankit Agarwal, Ravi Agarwal, and One other member serve as directors at the Company.
Company Details
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Location
Delhi, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U31501DL2010PTC199929
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Company No.
199929
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
11 Mar 2010
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Delhi
Industry
What products or services does Midas Electronics Private Limited offer?
Midas Electronics Private Limited offers a wide range of products and services, including Street, Flood and Commercial Lights, Flood Lights, Indoor Lights & Lighting Accessories, Panel Light, Ceiling Lights, LED Lights, Spot Lights, Decorative Light, Lamp & Lamp Shades, Colour Light, Decorative Light.
Who are the key members and board of directors at Midas Electronics?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravi Agarwal
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Additional Director | 15-Jan-2020 | Current |
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Sanchit Agarwal
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Director | 11-Mar-2010 | Current |
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Ankit Agarwal
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Director | 23-Mar-2015 | Current |
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Prateek Agarwal
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Director | 23-Mar-2015 | Current |
Financial Performance of Midas Electronics.
Midas Electronics Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 1.7% decrease. The company also saw a slight improvement in profitability, with a 5.76% increase in profit. The company's net worth Soared by an impressive increase of 10.21%.
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What is the Ownership and Shareholding Structure of Midas Electronics?
In 2023, Midas Electronics had a public holding of 81.23%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Me Technosolutions LlpAnkit Agarwal and Prateek Agarwal are mutual person
Charges (Loans)
₹0.55 Cr
₹1.00 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 0.38 Cr
- Hdfc Bank Limited : 0.18 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 2023 | Axis Bank Limited | ₹3.76 M | Open |
| 22 Oct 2020 | Hdfc Bank Limited | ₹1.79 M | Open |
| 28 Oct 2013 | Dena Bank | ₹1.00 Cr | Satisfied |
How Many Employees Work at Midas Electronics?
Midas Electronics has a workforce of 53 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 Electronics, 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 Electronics'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.
