Mil Industries Limited

Manufacturer of anti-corrosion and anti-abrasion lining and products for various industries.

1966 | Tiruvallur, Tamil Nadu (India) | Active
Last Updated:

Mil Industries Profile

Key Indicators

  • Authorised Capital ₹ 5.25 Cr
  • Paid Up Capital ₹ 3.15 Cr
  • Company Age 59 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 10.32 Cr
  • Satisfied Charges ₹ 34.50 Cr
  • Revenue Growth -33.63%
  • Profit Growth -49.58%
  • Ebitda -46.65%
  • Net Worth -46.92%
  • Total Assets -44.23%

About Mil Industries

Mil Industries Limited (MIL) was founded in India on 11 February 1966 and has a glorious history of 59 years and one month. Its registered office is in Tiruvallur, Tamil Nadu, India.

The Corporate was formerly known as Madras Industrial Linings 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 5.25 Cr and a paid-up capital of Rs 3.15 Cr.

The company currently has active open charges totaling ₹10.32 Cr. The company has closed loans amounting to ₹34.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mil Industries Limited India are Guruswamy Nallathambi as CFO and Aparna as Company Secretary. Ramesh Raman, Raghu Raman, Ayyaswamy Rengarajan, and Four other members serve as directors at the Company.

Company Details

  • Location

    Tiruvallur, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L25199TN1966PLC005397

  • Company No.

    005397

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    11 Feb 1966

  • Date of AGM

    09 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Manufacturing

What products or services does Mil Industries Limited offer?

Mil Industries Limited offers a wide range of products and services, including Plastic Rods, Teflon Rods, Rust & Corrosion Protection Products, Anti Corrosion Products, Steel Pipes and Tubes, MS Pipe, Bellow Expansion Joint, Stainless Steel Bellows, Industrial Furnaces & Ovens, Curing Oven.

Company report

Mil Industries Limited

Explore comprehensive data for Mil Industries Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Mil Industries?

Executive Team (3)

NameDesignationAppointment DateStatus
Raghu Raman Country flag representing In Managing Director06-Feb-2024Current
Guruswamy Nallathambi Country flag representing In CFO12-Feb-2018Current
Aparna Company Secretary06-Apr-2023Current

Board Members (6)

NameDesignationAppointment DateStatus
Ayyaswamy Rengarajan Country flag representing In Director 05-Nov-2020Current
Ramesh Raman Country flag representing In Director 06-Feb-2024Current
Annavipillai Ponnusamy Country flag representing In Director 14-Jul-2023Current
Aakansha Anand Country flag representing In Director 01-Feb-2024Current
Sekhar Ramani Country flag representing In Director 06-Feb-2024Current
Noman Millwala Country flag representing In Director 16-Dec-1988Current

Financial Performance of Mil Industries.

Mil Industries Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.63% decrease. The company also saw a substantial fall in profitability, with a 49.58% decrease in profit. The company's net worth observed a substantial decline by a decrease of 46.92%.

Mil Industries revenue growth over time
Mil Industries 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
-33.63%
Revenue from Operations
-33.22%
Total Assets
-44.23%
Profit or Loss
-49.58%
Net Worth
-46.92%
EBITDA
-46.65%

What is the Ownership and Shareholding Structure of Mil Industries?

In 2022, Mil Industries had a promoter holding of 63.10% and a public holding of 36.90%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.32 Cr

Satisfied Charges

₹34.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 9.70 Cr
  • Industrial Reconstruction Bank Of India : 0.45 Cr
  • Technology Devlopment And Information Companyof India Ltd. : 0.17 Cr

Latest Charge Details

DateLenderAmountStatus
27 Apr 1989Technology Devlopment And Information Companyof India Ltd.₹1.70 MOpen
10 Aug 1988Industrial Reconstruction Bank Of India₹4.50 MOpen
06 Jun 1969Others₹9.70 CrOpen
14 Jan 2015The Hongkong And Shanghai Banking Corporation Limited₹7.00 CrSatisfied
21 Mar 2007President Of India₹2.90 CrSatisfied

How Many Employees Work at Mil Industries?

Mil Industries has a workforce of 65 employees as of Apr 02, 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 Mil Industries Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mil Industries, 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 Mil Industries'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 Mil Industries

Recent activity within the organization

  • Annual General Meeting

    Mil Industries Limited last Annual general meeting of members was held on 09 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 9.70 Cr registered on 06 Jun 1969 with Charge ID 90298837 was modified on 10 Jun 2024.

  • Balance Sheet

    Mil Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Ramesh Raman was appointed as a Director was appointed as a Director on 06 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Raghu Raman was appointed as a Managing Director was appointed as a Managing Director on 06 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Director Appointment

    Sekhar Ramani was appointed as a Director was appointed as a Director on 06 Feb 2024 & has been associated with this company since 1 year 1 month .

Frequently asked questions

  • What is the Incorporation or founding date of Mil Industries Limited?

    Mil Industries Limited was incorporated on 11 Feb 1966.

  • What is authorized share capital and paid-up capital of Mil Industries Limited?

    The authorized share capital of Mil Industries Limited is ₹ 5.25 Cr and paid-up capital is ₹ 3.15 Cr.

  • Who are the current board members & directors of Mil Industries Limited?

    Currently 9 directors are associated with Mil Industries Limited.

    • Ramesh Raman
    • Raghu Raman
    • Ayyaswamy Rengarajan
    • Annavipillai Ponnusamy
    • Aakansha Anand
    • Guruswamy Nallathambi
    • Aparna
    • Sekhar Ramani
    • Noman Hatimbhai Millwala

  • What is the registered address of Mil Industries Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mil Industries Limited is 25-A, Industrial Estate Ambattur India, Chennai, Tamil Nadu, 600098.

  • What is the corporate identification number (CIN) and company number of Mil Industries Limited?

    The corporate identification number (CIN) of Mil Industries Limited is L25199TN1966PLC005397 and the company number is 005397 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mil Industries Limited?

    The Official website of Mil Industries Limited is https://www.milindus.com

  • What has been the recent revenue trend for Mil Industries Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Mil Industries Limited has fallen by -33.63%.

  • How many employees does Mil Industries Limited currently have?

    As Per 2023 financial reports, 65 employees are currently employed by Mil Industries Limited.

  • What change has been observed in the net worth of Mil Industries Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Mil Industries Limited has experienced an downturn of -46.92%.

  • What are the total open charges for Mil Industries Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Mil Industries Limited amount to ₹ 10.32 Cr.

  • When was the last Balance Sheet of Mil Industries Limited filed with the ROC?

    The most recent Balance Sheet for Mil Industries Limited was filed with the ROC on 31 Mar 2024.

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