Midson Chits Private Limited

Provides financial services, specifically chit fund business, while adhering to legal regulations.

2016 | Faridabad, Haryana (India) | Active
Last Updated: December 03, 2024

Midson Chits Profile

Key Indicators

  • Authorised Capital ₹ 0.50 M
  • Paid Up Capital ₹ 0.15 M
  • Company Age 8 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -31.40%
  • Profit Growth -63.94%
  • Ebitda 13.94%
  • Net Worth 8.80%
  • Total Assets -65.08%

About Midson Chits

Midson Chits Private Limited (MCPL) is a Private Limited Indian Non-Government Company incorporated in India on 13 December 2016 (Eight years and one month 17 days old ). Its registered office is in Faridabad, Haryana, 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 0.50 M and a paid-up capital of Rs 0.15 M, as per Ministry of Corporate Affairs (MCA) records.

Deepak Soni, Ravi Taneja, and Amit Gupta serve as directors at the Company.

Company Details

  • Location

    Faridabad, Haryana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999HR2016PTC066642

  • Company No.

    066642

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    13 Dec 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Financial Services

Who are the key members and board of directors at Midson Chits?

Board Members (3)

Name Designation Appointment Date Status
Deepak Soni Country flag representing In Director 13-Dec-2016 Current
Ravi Taneja Country flag representing In Director 13-Dec-2016 Current
Amit Gupta Country flag representing In Director 13-Dec-2016 Current

Financial Performance of Midson Chits.

Midson Chits Private Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 31.4% decrease. The company also saw a substantial fall in profitability, with a 63.94% decrease in profit. The company's net worth moved up by a moderate rise of 8.8%.

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
-31.40%
Revenue from Operations
-37.63%
Total Assets
-65.08%
Profit or Loss
-63.94%
Net Worth
8.80%
EBITDA
13.94%

What is the Ownership and Shareholding Structure of Midson Chits?

In 2021, Midson Chits 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 Midson Chits?

Unlock and access historical data on people associated with Midson Chits, 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 Midson Chits, 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 Midson Chits'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 Midson Chits

Recent activity within the organization

  • Annual General Meeting

    Midson Chits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Midson Chits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.

    31 Mar 2024

  • Director Appointment

    Deepak Soni was appointed as a Director was appointed as a Director on 13 Dec 2016 & has been associated with this company since 8 years 1 month .

    13 Dec 2016

  • Director Appointment

    Ravi Taneja was appointed as a Director was appointed as a Director on 13 Dec 2016 & has been associated with this company since 8 years 1 month .

    13 Dec 2016

  • Director Appointment

    Amit Gupta was appointed as a Director was appointed as a Director on 13 Dec 2016 & has been associated with this company since 8 years 1 month .

    13 Dec 2016

  • Company Incorporation

    Midson Chits Private Limited was registered on 13 Dec 2016 with Roc Delhi & aged 8 years 1 month as per MCA records.

    13 Dec 2016

Frequently asked questions

  • Midson Chits Private Limited was incorporated on 13 Dec 2016.

  • The authorized share capital of Midson Chits Private Limited is ₹ 0.50 M and paid-up capital is ₹ 0.15 M.

  • Currently 3 directors are associated with Midson Chits Private Limited.

    • Deepak Soni
    • Ravi Taneja
    • Amit Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Midson Chits Private Limited is Shop No. 1A / 105 Nit India, Faridabad, Haryana, 121001.

  • The corporate identification number (CIN) of Midson Chits Private Limited is U74999HR2016PTC066642 and the company number is 066642 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Midson Chits Private Limited is https://www.midsongroup.com

  • According to the financial reports for the fiscal year 2021, the revenue trend for Midson Chits Private Limited has fallen by -31.40%.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Midson Chits Private Limited has experienced an upsurge of 8.80%.

  • The most recent Balance Sheet for Midson Chits Private Limited was filed with the ROC on 31 Mar 2024.