Midas Touch Forex & Travels Private Limited

Foreign currency exchange, air ticket booking, and money transfer services for various clients.

2014 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 03, 2024

Midas Touch Forex & Travels Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 4.10 M
  • Company Age 10 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 28.41%
  • Profit Growth 822.86%
  • Ebitda 6223.61%
  • Net Worth 12.26%
  • Total Assets -0.49%

About Midas Touch Forex & Travels

Midas Touch Forex & Travels Private Limited (MTFTPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 October 2014 and has a history of Ten years and three months. Its registered office is in Chennai, Tamil Nadu, India.

The Company is engaged in the Financial Services 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 5.00 M and a paid-up capital of Rs 4.10 M, as per Ministry of Corporate Affairs (MCA) records.

Selvaraj Jagadeesan, Ismath Naqqash, and Joseph Raja serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U67110TN2014PTC097808

  • Company No.

    097808

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 2014

  • Date of AGM

    28 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

Who are the key members and board of directors at Midas Touch Forex & Travels?

Executive Team (1)

Name Designation Appointment Date Status
Joseph Raja Country flag representing In Managing Director 24-Oct-2014 Current

Board Members (2)

Name Designation Appointment Date Status
Ismath Naqqash Country flag representing In Director 24-Oct-2014 Current
Selvaraj Jagadeesan Country flag representing In Director 24-Oct-2014 Current

Financial Performance of Midas Touch Forex & Travels.

Midas Touch Forex & Travels Private Limited, for the financial year ended 2020, experienced significant growth in revenue, with a 28.41% increase. The company also saw a substantial improvement in profitability, with a 822.86% increase in profit. The company's net worth Soared by an impressive increase of 12.26%.

Graph illustrating revenue growth over time
Graph showing 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
28.41%
Revenue from Operations
28.35%
Total Assets
-0.49%
Profit or Loss
822.86%
Net Worth
12.26%
EBITDA
6223.61%

What is the Ownership and Shareholding Structure of Midas Touch Forex & Travels?

In 2020, Midas Touch Forex & Travels 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)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Midas Touch Forex & Travels?

Unlock and access historical data on people associated with Midas Touch Forex & Travels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Midas Touch Forex & Travels, 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 Touch Forex & Travels'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 Touch Forex & Travels

Recent activity within the organization

  • Annual General Meeting

    Midas Touch Forex & Travels Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.

    28 Sep 2024

  • Balance Sheet

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

    31 Mar 2024

  • Director Appointment

    Selvaraj Jagadeesan was appointed as a Director was appointed as a Director on 24 Oct 2014 & has been associated with this company since 10 years 3 months .

    24 Oct 2014

  • Director Appointment

    Ismath Yoon Thoufeek Naqqash was appointed as a Director was appointed as a Director on 24 Oct 2014 & has been associated with this company since 10 years 3 months .

    24 Oct 2014

  • Director Appointment

    Joseph Emerson Raja was appointed as a Managing Director was appointed as a Managing Director on 24 Oct 2014 & has been associated with this company since 10 years 3 months .

    24 Oct 2014

  • Company Incorporation

    Midas Touch Forex & Travels Private Limited was registered on 24 Oct 2014 with Roc Chennai & aged 10 years 3 months as per MCA records.

    24 Oct 2014

Frequently asked questions

  • Midas Touch Forex & Travels Private Limited was incorporated on 24 Oct 2014.

  • The authorized share capital of Midas Touch Forex & Travels Private Limited is ₹ 5.00 M and paid-up capital is ₹ 4.10 M.

  • Currently 3 directors are associated with Midas Touch Forex & Travels Private Limited.

    • Selvaraj Jagadeesan
    • Ismath Yoon Thoufeek Naqqash
    • Joseph Emerson Raja
  • As per Ministry of Corporate Affairs (Mca), the registered address of Midas Touch Forex & Travels Private Limited is No.42/4 Shanthi Nikedhan Colony Anna Nagar West Extension, India, Chennai, Tamil Nadu, 600101.

  • The corporate identification number (CIN) of Midas Touch Forex & Travels Private Limited is U67110TN2014PTC097808 and the company number is 097808 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Midas Touch Forex & Travels Private Limited is https://www.midastouch.org.in

  • According to the financial reports for the fiscal year 2020, the revenue trend for Midas Touch Forex & Travels Private Limited has risen by 28.41%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Midas Touch Forex & Travels Private Limited has experienced an upsurge of 12.26%.

  • The most recent Balance Sheet for Midas Touch Forex & Travels Private Limited was filed with the ROC on 31 Mar 2024.

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