Milestone Gears Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 3.00 Cr
- Company Age 40 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 611.01 Cr
- Satisfied Charges ₹ 209.15 Cr
- Revenue Growth 21.30%
- Profit Growth 42.25%
- Ebitda 17.29%
- Net Worth 18.33%
- Total Assets 29.13%
About Milestone Gears
Milestone Gears Private Limited (MGPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 27 April 1984 and has a history of 40 years and nine months. Its registered office is in Solan, Himachal Pradesh, India.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 3.00 Cr and a paid-up capital of Rs 3.00 Cr.
The company currently has active open charges totaling ₹611.01 Cr. The company has closed loans amounting to ₹209.15 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashok Tandon, Aman Tandon, and Biresh Thakur serve as directors at the Company.
Company Details
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Location
Solan, Himachal Pradesh, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media
Corporate Identity Details
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CIN/LLPIN
U74110HP1984PTC005831
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Company No.
005831
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
27 Apr 1984
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Date of AGM
30 Nov 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Himachal Pradesh
Industry
What products or services does Milestone Gears Private Limited offer?
Milestone Gears Private Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Automotive Gears, Piston & Crankshaft Assemblies, Rocker Arm Assembly, Industrial Shafts, Tractor, Tractor Parts & Assemblies, Tractor Accessories, Automobile Interiors & Accessories, Seat Covers, Automobile Fittings & Components.
Who are the key members and board of directors at Milestone Gears?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Aman Tandon
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Managing Director | 01-Jan-2007 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ashok Tandon
|
Director | 27-Apr-1984 | Current |
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Biresh Thakur
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Director | 03-Sep-2020 | Current |
Financial Performance of Milestone Gears.
Milestone Gears Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 21.3% increase. The company also saw a substantial improvement in profitability, with a 42.25% increase in profit. The company's net worth Soared by an impressive increase of 18.33%.
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What is the Ownership and Shareholding Structure of Milestone Gears?
In 2023, Milestone Gears 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)
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Pritika Auto Industries LimitedAman Tandon is a mutual person
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Pritika Engineering Components LimitedAman Tandon is a mutual person
Charges (Loans)
₹611.01 Cr
₹209.15 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 256.66 Cr
- Hdfc Bank Limited : 210.84 Cr
- Yes Bank Limited : 79.02 Cr
- Others : 64.33 Cr
- Haryana Financial Corp. : 0.16 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Oct 2023 | Others | ₹24.00 Cr | Open |
| 22 Mar 2023 | Yes Bank Limited | ₹52.50 Cr | Open |
| 19 Jan 2023 | Hdfc Bank Limited | ₹29.00 Cr | Open |
| 07 Sep 2022 | Hdfc Bank Limited | ₹4.18 M | Open |
| 23 Mar 2022 | Hdfc Bank Limited | ₹22.00 Cr | Open |
How Many Employees Work at Milestone Gears?
Milestone Gears has a workforce of 1394 employees as of Mar 29, 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 Milestone Gears, 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 Milestone Gears'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.
