Myk Laticrete India Profile
Key Indicators
- Authorised Capital ₹ 100.00 Cr
- Paid Up Capital ₹ 70.35 Cr
- Company Age 25 Year, 8 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 43.40 Cr
- Satisfied Charges ₹ 19.07 Cr
- Revenue Growth 51.80%
- Profit Growth 33.16%
- Ebitda 33.31%
- Net Worth 21.50%
- Total Assets 31.46%
About Myk Laticrete India
Myk Laticrete India Private Limited (MLIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 May 1999 and has a history of 25 years and eight months. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Laticrete India Private Limited. 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 2023. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 70.35 Cr.
The company currently has active open charges totaling ₹43.40 Cr. The company has closed loans amounting to ₹19.07 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Myk Laticrete India Private Limited India is Vishal Gupta as COMPANY SECRETARY. Munikrishna Papagari, Yadama Muralidhar, Patrick Millot, and Three other members serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U99999TG1999PTC031624
- Company No.
031624
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 May 1999
- Date of AGM
07 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
What products or services does Myk Laticrete India Private Limited offer?
Myk Laticrete India Private Limited offers a wide range of products and services, including Adhesives, Glue and Sealants, Solvent Based Adhesives, Adhesive Chemical, Cement and Concrete, Concrete Admixture, Mortar, Cement Grout & Grouting compounds, Epoxy Grout, Tile Adhesives, MYK Tile Adhesives.
Who are the key members and board of directors at Myk Laticrete India?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Yadama Muralidhar  | Managing Director | 04-May-1999 | Current |
| Vishal Gupta | Company Secretary | 01-Mar-2022 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Munikrishna Papagari | Director | 21-Oct-1999 | Current |
Patrick Millot  | Director | 11-May-2021 | Current |
| Yadama Krishna | Director | 11-Dec-2000 | Current |
David Rothberg  | Director | 22-Mar-2000 | Current |
| Faisal Saleem | Director | 08-Jul-2013 | Current |
Financial Performance of Myk Laticrete India.
Myk Laticrete India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 51.8% increase. The company also saw a substantial improvement in profitability, with a 33.16% increase in profit. The company's net worth Soared by an impressive increase of 21.5%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Myk Laticrete India?
In 2023, Myk Laticrete India had a promoter holding of 100.00%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Reitz India LimitedMunikrishna Papagari is a mutual person
Parasakti Cement Industries LimitedMunikrishna Papagari is a mutual person
Ovation Services Private LimitedYadama Muralidhar and Yadama Krishna are mutual person
Myk Arment India Private LimitedYadama Muralidhar and Yadama Krishna are mutual person
Myk Arment Private LimitedMunikrishna Papagari, Yadama Muralidhar and 1 more are mutual person
Myk Laticrete Private LimitedMunikrishna Papagari, Yadama Muralidhar and 4 more are mutual person
Charges (Loans)
₹43.40 Cr
₹19.07 Cr
Charges Breakdown by Lending Institutions
- Others : 22.40 Cr
- State Bank Of India : 21.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Feb 2021 | Others | ₹22.40 Cr | Open |
| 20 Sep 2012 | State Bank Of India | ₹21.00 Cr | Open |
| 20 Jul 2006 | Andhra Bank | ₹1.27 Cr | Satisfied |
| 08 Mar 2003 | Andhra Bank | ₹4.00 M | Satisfied |
| 11 Jun 2001 | Andhra Bank | ₹17.40 Cr | Satisfied |
How Many Employees Work at Myk Laticrete India?
Myk Laticrete India has a workforce of 865 employees as of Mar 31, 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 Myk Laticrete India, 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 Myk Laticrete India'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.
