Midas Projects Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
as on 29-06-2024
- Paid Up Capital ₹ 44.05 Cr
as on 29-06-2024
- Company Age 17 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 1,266.09 Cr
as on 29-06-2024
- Satisfied Charges ₹ 80.81 Cr
as on 29-06-2024
- Revenue 12.77%
(FY 2023)
- Profit 47.73%
(FY 2023)
- Ebitda -4.45%
(FY 2023)
- Net Worth 33.18%
(FY 2023)
- Total Assets 6.00%
(FY 2023)
About Midas Projects
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. Yesu Chintamaneni, Shaifali Singh, Sumeet Chawla, and One other member serve as directors at the Company.
- 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
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
- Email Address
- Website
- Social Media-
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 |
| Yesu Chintamaneni | Director | 26-Jun-2020 | Current |
| Narayana Gadupudi | Director | 30-Sep-2021 | Current |
Financial Performance and Corporate Structure Insights 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
- Ratios
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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)
Grandcity Avenues Private LimitedActive 20 years 3 monthsYesu Chintamaneni and Narayana Gadupudi are mutual person
Divyasree R.O.W. Projects LlpActive 10 years 8 monthsShaifali Singh and Sumeet Chawla are mutual person
- Divyasree Realtors (Bangalore) Private LimitedActive 20 years 7 months
Shaifali Singh is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Idbi Trusteeship Services Limited Creation Date: 31 May 2022 | ₹801.09 Cr | Open |
Hdfc Bank Limited Creation Date: 11 Oct 2021 | ₹465.00 Cr | Open |
Others Creation Date: 05 May 2022 | ₹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.
