Mittal Appliances Limited

Casting ferrous and nonferrous alloys for Indian and international government mints, with 9,570 MTPA capacity.

1985 | Mumbai, Maharashtra (India) | Active
Last Updated:

Mittal Appliances Profile

Key Indicators

  • Authorised Capital ₹ 17.00 Cr
  • Paid Up Capital ₹ 3.50 Cr
  • Company Age 40 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 485.00 Cr
  • Satisfied Charges ₹ 357.79 Cr
  • Revenue Growth 22.04%
  • Profit Growth -4.22%
  • Ebitda -35.84%
  • Net Worth 9.47%
  • Total Assets 45.42%

About Mittal Appliances

Mittal Appliances Limited (MAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 19 January 1985 and has a history of 40 years and one month. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Mittal Appliances Private Limited. The Company is engaged in the Metal & Minerals 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 17.00 Cr and a paid-up capital of Rs 3.50 Cr.

The company currently has active open charges totaling ₹485.00 Cr. The company has closed loans amounting to ₹357.79 Cr, as per Ministry of Corporate Affairs (MCA) records.

Neha Sharma, Anil Sharma, Anshul Mittal, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    mittalgroup.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U28122MH1985PLC174619

  • Company No.

    174619

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    19 Jan 1985

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Metal & Minerals
Trading

What products or services does Mittal Appliances Limited offer?

Mittal Appliances Limited offers a wide range of products and services, including Gold Bullion, Gold Coins, Silver Jewelry & Ornaments, Silver Bullion, Metal & Metal Made Products, Metal Sheets, Steel and Stainless Steel Coils, Alloy Coil.

Who are the key members and board of directors at Mittal Appliances?

Executive Team (1)

NameDesignationAppointment DateStatus
Dinesh Mittal Country flag representing In Managing Director01-Aug-1990Current

Board Members (4)

NameDesignationAppointment DateStatus
Neha Sharma Country flag representing In Director 20-May-2022Current
Anshul Mittal Country flag representing In Whole-Time Director 01-Oct-2009Current
Anil Sharma Country flag representing In Director 09-Feb-2007Current
Harsh Maheshwary Country flag representing In Director 10-Mar-2005Current

Financial Performance of Mittal Appliances.

Mittal Appliances Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 22.04% increase. The company also saw a slight decrease in profitability, with a 4.22% decrease in profit. The company's net worth moved up by a moderate rise of 9.47%.

Mittal Appliances revenue growth over time
Mittal Appliances 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
22.04%
Revenue from Operations
21.24%
Total Assets
45.42%
Profit or Loss
-4.22%
Net Worth
9.47%
EBITDA
-35.84%

What is the Ownership and Shareholding Structure of Mittal Appliances?

In 2021, Mittal Appliances had a promoter holding of 18.03% and a public holding of 81.97%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹485.00 Cr

Satisfied Charges

₹357.79 Cr

Charges Breakdown by Lending Institutions

  • Uco Bank : 485.00 Cr

Latest Charge Details

DateLenderAmountStatus
25 Apr 2011Uco Bank₹485.00 CrOpen
27 Dec 2019Uco Bank₹1.50 MSatisfied
07 Sep 2019Uco Bank₹1.40 MSatisfied
29 Jun 2019Axis Bank Limited₹1.33 MSatisfied
25 Apr 2019Axis Bank Limited₹4.43 MSatisfied

How Many Employees Work at Mittal Appliances?

Mittal Appliances has a workforce of 177 employees as of Apr 06, 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 Mittal Appliances Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mittal Appliances, 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 Mittal Appliances'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 Mittal Appliances

Recent activity within the organization

  • Annual General Meeting

    Mittal Appliances Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Mittal Appliances Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • Charges

    A charge with Uco Bank of Rs. 485.00 Cr registered on 25 Apr 2011 with Charge ID 10282765 was modified on 26 Oct 2022.

  • Charges

    A charge registered on 29 Jun 2019 via Charge ID 100274941 with Axis Bank Limited was fully satisfied on 02 Oct 2022.

  • Director Appointment

    Neha Sharma was appointed as a Director was appointed as a Director on 20 May 2022 & has been associated with this company since 2 years 9 months .

  • Charges

    A charge registered on 25 Apr 2019 via Charge ID 100261998 with Axis Bank Limited was fully satisfied on 03 May 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Mittal Appliances Limited?

    Mittal Appliances Limited was incorporated on 19 Jan 1985.

  • What is authorized share capital and paid-up capital of Mittal Appliances Limited?

    The authorized share capital of Mittal Appliances Limited is ₹ 17.00 Cr and paid-up capital is ₹ 3.50 Cr.

  • Who are the current board members & directors of Mittal Appliances Limited?

    Currently 5 directors are associated with Mittal Appliances Limited.

    • Neha Sharma
    • Anil Kumar Sharma
    • Anshul Mittal
    • Dinesh Chand Mittal
    • Harsh Kumar Maheshwary

  • What is the registered address of Mittal Appliances Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Mittal Appliances Limited is Unit No. 13 1St Floor Swastik Industrial Estate 178 Vidyanagari Marg, Kalina India, Mumbai, Maharashtra, 400098.

  • What is the corporate identification number (CIN) and company number of Mittal Appliances Limited?

    The corporate identification number (CIN) of Mittal Appliances Limited is U28122MH1985PLC174619 and the company number is 174619 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Mittal Appliances Limited?

    The Official website of Mittal Appliances Limited is https://www.mittalgroup.com

  • What has been the recent revenue trend for Mittal Appliances Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Mittal Appliances Limited has risen by 22.04%.

  • How many employees does Mittal Appliances Limited currently have?

    As Per 2021 financial reports, 177 employees are currently employed by Mittal Appliances Limited.

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

    The financial reports for the fiscal year 2021 indicates that The net worth of Mittal Appliances Limited has experienced an upsurge of 9.47%.

  • What are the total open charges for Mittal Appliances Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Mittal Appliances Limited amount to ₹ 485.00 Cr.

  • When was the last Balance Sheet of Mittal Appliances Limited filed with the ROC?

    The most recent Balance Sheet for Mittal Appliances Limited was filed with the ROC on 31 Mar 2023.

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