Midas Safety Private Limited

Manufactures and trades safety products such as gloves, shoes, jackets, and glasses.

2006 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated:

Midas Safety Profile

Key Indicators

  • Authorised Capital ₹ 28.45 Cr
  • Paid Up Capital ₹ 10.09 Cr
  • Company Age 19 Year, 14 Days
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.75 M
  • Satisfied Charges ₹ 67.97 Cr
  • Revenue Growth -1.74%
  • Profit Growth -159.11%
  • Ebitda -139.60%
  • Net Worth -34.17%
  • Total Assets -22.65%

About Midas Safety

Midas Safety Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 11 May 2006 and has a history of 19 years. Its registered office is in Kanchipuram, Tamil Nadu, India.

The Corporate was formerly known as Frontier Safety Products Pvt Ltd. The Company is engaged in the Manufacturing 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 28.45 Cr and a paid-up capital of Rs 10.09 Cr.

The company currently has active open charges totaling ₹1.75 M. The company has closed loans amounting to ₹67.97 Cr, as per Ministry of Corporate Affairs (MCA) records.

Abhijit Gosavi, Krithivasan Sivakumar, and Pudukkaraipudur Balaji serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U74999TN2006PTC114802

  • Company No.

    114802

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    11 May 2006

  • Date of AGM

    30 Nov 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Manufacturing

What products or services does Midas Safety Private Limited offer?

Midas Safety Private Limited offers a wide range of products and services, including Industrial Uniforms & Safety Wear, Cut Resistant Gloves, Industrial Gloves, Safety Gloves, Disposable Gloves, Nitrile Gloves, Coated Gloves, PU Coated Glove, Water Treatment & Purification Plant, Chlorinators.

Company report

Midas Safety Private Limited

Explore comprehensive data for Midas Safety Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Board Members (3)

NameDesignationAppointment DateStatus
Krithivasan Sivakumar Country flag representing Sg Director 10-Mar-2022Current
Abhijit Gosavi Country flag representing In Director 31-Oct-2019Current
Pudukkaraipudur Balaji Country flag representing In Director 27-Dec-2014Current

Financial Performance of Midas Safety.

Midas Safety Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 1.74% decrease. The company also saw a substantial fall in profitability, with a 159.11% decrease in profit. The company's net worth observed a substantial decline by a decrease of 34.17%.

Midas Safety revenue growth over time
Midas Safety 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
-1.74%
Revenue from Operations
-0.99%
Total Assets
-22.65%
Profit or Loss
-159.11%
Net Worth
-34.17%
EBITDA
-139.60%

What is the Ownership and Shareholding Structure of Midas Safety?

In 2022, Midas Safety 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

₹0.17 Cr

Satisfied Charges

₹67.97 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.17 Cr

Latest Charge Details

DateLenderAmountStatus
29 Oct 2020Hdfc Bank Limited₹1.75 MOpen
18 Aug 2021Hdfc Bank Limited₹2.79 CrSatisfied
26 Mar 2021Hdfc Bank Limited₹21.74 CrSatisfied
28 May 2013The South Indian Bank Ltd₹5.00 CrSatisfied
21 Feb 2012Axis Bank Limited₹4.50 MSatisfied

How Many Employees Work at Midas Safety?

Midas Safety has a workforce of 140 employees as of Apr 01, 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 Safety Private Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Annual General Meeting

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

  • Charges

    A charge registered on 18 Aug 2021 via Charge ID 100477798 with Hdfc Bank Limited was fully satisfied on 25 Jun 2024.

  • Charges

    A charge registered on 26 Mar 2021 via Charge ID 100449498 with Hdfc Bank Limited was fully satisfied on 25 Jun 2024.

  • Balance Sheet

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

  • Charges

    A charge with Hdfc Bank Limited of Rs. 21.74 Cr registered on 26 Mar 2021 with Charge ID 100449498 was modified on 17 Mar 2022.

  • Director Appointment

    Krithivasan Sivakumar was appointed as a Director was appointed as a Director on 10 Mar 2022 & has been associated with this company since 3 years 2 months .

Frequently asked questions

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

    Midas Safety Private Limited was incorporated on 11 May 2006.

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

    The authorized share capital of Midas Safety Private Limited is ₹ 28.45 Cr and paid-up capital is ₹ 10.09 Cr.

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

    Currently 3 directors are associated with Midas Safety Private Limited.

    • Abhijit Anand Gosavi
    • Krithivasan Sivakumar
    • Pudukkaraipudur Srinivasan Balaji

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

    As per Ministry of Corporate Affairs (Mca), the registered address of Midas Safety Private Limited is Plot No B-45 Sipcot Industrial Park Thandalam, Sriperumbudur India, Kancheepuram, Tamil Nadu, 602105.

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

    The corporate identification number (CIN) of Midas Safety Private Limited is U74999TN2006PTC114802 and the company number is 114802 as per Ministry of Corporate Affairs (MCA).

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

    The Official website of Midas Safety Private Limited is https://www.midassafety.in

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Midas Safety Private Limited has fallen by -1.74%.

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

    As Per 2022 financial reports, 140 employees are currently employed by Midas Safety Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Midas Safety Private Limited has experienced an downturn of -34.17%.

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

    As per the financial statements for fiscal Year 2022, The total open charges for Midas Safety Private Limited amount to ₹ 1.75 M.

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

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

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