Midas Projects Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
- Paid Up Capital ₹ 44.05 Cr
- Company Age 17 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,266.09 Cr
- Satisfied Charges ₹ 80.81 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 eight months. Its registered office is in Hyderabad, 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 2023. 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 ₹1,266.09 Cr. The company has closed loans amounting to ₹80.81 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
Hyderabad, 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 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Midas Projects?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Veepul Bhutada  | Company Secretary | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumeet Chawla | Director | 18-Aug-2017 | Current |
| Shaifali Singh | Director | 18-Aug-2017 | Current |
| Narayana Gadupudi | Director | 30-Sep-2021 | Current |
| Yesu Chintamaneni | Director | 26-Jun-2020 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Nsl Sez (Hyderabad) Private LimitedYesu Chintamaneni is a mutual person
Grandcity Avenues Private LimitedNarayana Gadupudi and Yesu Chintamaneni are mutual person
Denali Management Services Private LimitedSumeet Chawla is a mutual person
Divyasree R.O.W. Projects LlpSumeet Chawla and Shaifali Singh are mutual person
- Divyasree Holdings Private Limited
Sumeet Chawla is a mutual person
- Divyasree Real Estate Developers Private Limited
Sumeet Chawla is a mutual person
Charges (Loans)
₹1,266.09 Cr
₹80.81 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 801.09 Cr
- Hdfc Bank Limited : 465.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 May 2022 | Idbi Trusteeship Services Limited | ₹801.09 Cr | Open |
| 11 Oct 2021 | Hdfc Bank Limited | ₹465.00 Cr | Open |
| 05 May 2022 | Others | ₹80.81 Cr | Satisfied |
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.
Deals i
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
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.
