Mil Industries Profile
Key Indicators
- Authorised Capital ₹ 5.25 Cr
- Paid Up Capital ₹ 3.15 Cr
- Company Age 59 Year, 13 Days
- 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 . 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
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.
Who are the key members and board of directors at Mil Industries?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Raghu Raman  | Managing Director | 06-Feb-2024 | Current |
| Guruswamy Nallathambi | CFO | 12-Feb-2018 | Current |
| Aparna | Company Secretary | 06-Apr-2023 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ayyaswamy Rengarajan | Director | 05-Nov-2020 | Current |
| Ramesh Raman | Director | 06-Feb-2024 | Current |
| Annavipillai Ponnusamy | Director | 14-Jul-2023 | Current |
| Aakansha Anand | Director | 01-Feb-2024 | Current |
| Sekhar Ramani | Director | 06-Feb-2024 | Current |
| Noman Millwala | Director | 16-Dec-1988 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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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.
Related Corporates (Common Directorship)
Psi Engineering Systems Private LimitedSekhar Ramani is a mutual person
P2 Corporate Services Private LimitedAyyaswamy Rengarajan is a mutual person
Fermier Engineers Private LimitedNoman Millwala is a mutual person
Milgerlan Applicators Private LimitedRamesh Raman and Raghu Raman are mutual person
- Krebs Engineering Private Limited
Ramesh Raman and Raghu Raman are mutual person
- Milgerlan Engineering & Construction Private Limited
Ramesh Raman and Raghu Raman are mutual person
Charges (Loans)
₹10.32 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Apr 1989 | Technology Devlopment And Information Companyof India Ltd. | ₹1.70 M | Open |
| 10 Aug 1988 | Industrial Reconstruction Bank Of India | ₹4.50 M | Open |
| 06 Jun 1969 | Others | ₹9.70 Cr | Open |
| 14 Jan 2015 | The Hongkong And Shanghai Banking Corporation Limited | ₹7.00 Cr | Satisfied |
| 21 Mar 2007 | President Of India | ₹2.90 Cr | Satisfied |
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.
Deals i
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
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.
