Midas Projects Private Limited

Real estate company that buys, sells, and develops properties for investment or sale.

2007 | Rangareddy, Telangana (India) | Active
Last Updated:

Midas Projects Profile

Key Indicators

  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 44.05 Cr
  • Company Age 17 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,481.00 Cr
  • Satisfied Charges ₹ 881.90 Cr
  • Revenue Growth 12.77%
  • Profit Growth 47.73%
  • Ebitda -4.45%
  • Net Worth 33.18%
  • Total Assets 6.00%

About Midas Projects

Midas Projects Private Limited (MPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 01 June 2007 and has a history of 17 years and nine months. Its registered office is in Rangareddy, Telangana, India.

The Company is engaged in the Infrastructure And Utilities 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 45.00 Cr and a paid-up capital of Rs 44.05 Cr.

The company currently has active open charges totaling ₹1,481.00 Cr. The company has closed loans amounting to ₹881.90 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Midas Projects Private Limited India is Veepul Bhutada as COMPANY SECRETARY. Narayana Gadupudi, Sumeet Chawla, Shaifali Singh, and One other member serve as directors at the Company.

Company Details

  • Location

    Rangareddy, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U45400TG2007PTC054254

  • Company No.

    054254

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    01 Jun 2007

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Infrastructure and Utilities

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

Executive Team (1)

NameDesignationAppointment DateStatus
Veepul Bhutada Country flag representing In Company Secretary27-Dec-2023Current

Board Members (4)

NameDesignationAppointment DateStatus
Sumeet Chawla Country flag representing In Director 18-Aug-2017Current
Shaifali Singh Country flag representing In Director 18-Aug-2017Current
Narayana Gadupudi Country flag representing In Director 30-Sep-2021Current
Yesu Chintamaneni Country flag representing In Director 26-Jun-2020Current

Financial Performance of Midas Projects.

Midas Projects Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12.77% increase. The company also saw a substantial improvement in profitability, with a 47.73% increase in profit. The company's net worth Soared by an impressive increase of 33.18%.

Midas Projects revenue growth over time
Midas Projects 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
12.77%
Revenue from Operations
-3.95%
Total Assets
6.00%
Profit or Loss
47.73%
Net Worth
33.18%
EBITDA
-4.45%

What is the Ownership and Shareholding Structure of Midas Projects?

In 2023, Midas Projects had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,481.00 Cr

Satisfied Charges

₹881.90 Cr

Charges Breakdown by Lending Institutions

  • Idbi Trusteeship Services Limited : 1016.00 Cr
  • Hdfc Bank Limited : 465.00 Cr

Latest Charge Details

DateLenderAmountStatus
07 Nov 2024Idbi Trusteeship Services Limited₹1,016.00 CrOpen
11 Oct 2021Hdfc Bank Limited₹465.00 CrOpen
31 May 2022Idbi Trusteeship Services Limited₹801.09 CrSatisfied
05 May 2022Others₹80.81 CrSatisfied

How Many Employees Work at Midas Projects?

Midas Projects has a workforce of 13 employees as of Apr 06, 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 Projects Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Charges

    A charge with Idbi Trusteeship Services Limited amounted to Rs. 1,016.00 Cr with Charge ID 100998797 was registered on 07 Nov 2024.

  • Annual General Meeting

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

  • Charges

    A charge registered on 31 May 2022 via Charge ID 100591187 with Idbi Trusteeship Services Limited was fully satisfied on 27 Sep 2024.

  • Balance Sheet

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

  • Charges

    A charge registered on 05 May 2022 via Charge ID 100575177 with Others was fully satisfied on 12 Jan 2024.

  • Director Appointment

    Veepul Braj Mohan Bhutada was appointed as a Company Secretary was appointed as a Company Secretary on 27 Dec 2023 & has been associated with this company since 1 year 3 months .

Frequently asked questions

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

    Midas Projects Private Limited was incorporated on 01 Jun 2007.

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

    The authorized share capital of Midas Projects Private Limited is ₹ 45.00 Cr and paid-up capital is ₹ 44.05 Cr.

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

    Currently 5 directors are associated with Midas Projects Private Limited.

    • Narayana Rao Gadupudi
    • Sumeet Chawla
    • Shaifali Singh
    • Veepul Braj Mohan Bhutada
    • Yesu Das Chintamaneni

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Midas Projects Private Limited is Survey No.66/1 Raidurgam Village Serilingampally Mandal, India, Hyderabad, Telangana, 500032.

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

    The corporate identification number (CIN) of Midas Projects Private Limited is U45400TG2007PTC054254 and the company number is 054254 as per Ministry of Corporate Affairs (MCA).

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

    The Official website of Midas Projects Private Limited is https://www.nslgroup.co.in

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Midas Projects Private Limited has risen by 12.77%.

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

    As Per 2023 financial reports, 13 employees are currently employed by Midas Projects Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Midas Projects Private Limited has experienced an upsurge of 33.18%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Midas Projects Private Limited amount to ₹ 1,481.00 Cr.

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

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

People also Viewed