Midas Safety Profile
Key Indicators
- Authorised Capital ₹ 28.45 Cr
- Paid Up Capital ₹ 10.09 Cr
- Company Age 18 Year, 9 Months
- 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 18 years and nine months. 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
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.
Who are the key members and board of directors at Midas Safety?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Krithivasan Sivakumar  | Director | 10-Mar-2022 | Current |
Abhijit Gosavi  | Director | 31-Oct-2019 | Current |
| Pudukkaraipudur Balaji | Director | 27-Dec-2014 | Current |
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%.
- Key Matrics
- Balance Sheet
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- Cash Flow
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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.
Related Corporates (Common Directorship)
Karam Safety Private LimitedPudukkaraipudur Balaji is a mutual person
Susthira Enterprises Private LimitedKrithivasan Sivakumar is a mutual person
Charges (Loans)
₹0.17 Cr
₹67.97 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 0.17 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2020 | Hdfc Bank Limited | ₹1.75 M | Open |
| 18 Aug 2021 | Hdfc Bank Limited | ₹2.79 Cr | Satisfied |
| 26 Mar 2021 | Hdfc Bank Limited | ₹21.74 Cr | Satisfied |
| 28 May 2013 | The South Indian Bank Ltd | ₹5.00 Cr | Satisfied |
| 21 Feb 2012 | Axis Bank Limited | ₹4.50 M | Satisfied |
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.
Deals i
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
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.
