Midgard Electric Private Limited

Midgard Electric Private Limited - electrnoics in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U31909KA2019PTC119971 Incorporated 02 January 2019 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company electrnoics DPIIT Startup MSME · Micro
Data last updated
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
Brands
1
Associated brands
Last financials
Mar 2021
Balance sheet date
Last AGM
30 Nov 2021
Annual general meeting

About Midgard Electric Private Limited

Data last updated:

Midgard Electric Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electrical equipment manufacturing segment of the electronics sector. It was incorporated on 02 January 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA2019PTC119971. Its GSTIN is 29AAMCM3320Q1ZW (Karnataka).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Priyanka Avula and Ranga Rao Avula.

Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 677 1st Floor 13th Cross 27th Main Hsr Layout Sec – 1, Bangalore, Karnataka, India – 560102.

The company is associated with 1 brand: Midgard Electric. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2021.

Midgard Electric Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0167184). For more details, the company can be reached via its website midgardelectric.com.

Company details

CIN U31909KA2019PTC119971
Registration Number 119971
Incorporation Date 02 January 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 November 2021
Date of Balance Sheet 31 March 2021
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0167184

Recognitions & Rankings of Midgard Electric

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-KR-03-0167184

Contact details

Midgard Electric Private Limited's registered office is in Bangalore, Karnataka. Its website is midgardelectric.com. Its e-mail address is in the company report.

  • Email
  • Registered Address
    677 1st Floor 13th Cross 27th Main Hsr Layout Sec – 1, Bangalore, Karnataka, India – 560102
  • Industry
    Electrnoics, Electrical Equipment, Manufacturing

To see the full contact details of Midgard Electric Private Limited, buy the company report.

Comprehensive company report
Midgard Electric Private Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Midgard Electric operates one associated brand: Midgard Electric. Each brand links to its own profile.

BrandDescriptionWebsite
Provider of electric car charging servicesmidgardelectric.com

Business activity

The main business activity of Midgard Electric is manufacturing. In detail, this covers motor vehicles, trailers, semi trailers and other transport vehicles.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC11Motor vehicles, trailers, semi trailers and other Transport Vehicles

Financials of Midgard Electric Private Limited

FY 2021 filings available

Financial Statement Summary

MetricsFY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA
Profit Before Tax
Tax Expense
Net Profit (PAT)
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2019-20FY 2018-19
Profitability
EBITDA Margin
Net Profit Margin
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Midgard Electric Private Limited, buy the company report.

Board of directors of Midgard Electric Private Limited

Midgard Electric has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Priyanka AvulaDirector11 Sep 20197 Years 1 MonthsCurrent
Ranga Rao AvulaDirector25 Mar 20224 Years 7 MonthsCurrent

Deals & funding

Midgard Electric Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2021.

Total deals
2
Secondary share transfers
2

Deals on record (2 of 2)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Oct 2020Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Midgard Electric Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Midgard Electric has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AAMCM3320Q1ZWKarnatakaActive21 Apr 2019

To see the full GST registrations and return filing status of Midgard Electric Private Limited, buy the company report.

Recent activity

Midgard Electric Private Limited has 6 board changes on record since 2019: 2 appointments and 4 cessations. The latest: Ranga Rao Avula ceased to be Additional Director on 23 Mar 2023.

Ceased
Ranga Rao Avula ceased to be Additional Director.
Ceased
Abhijith Vijayan ceased to be Director.
Ceased
Sabari Viswambaran ceased to be Director.
Appointed
Ranga Rao Avula was appointed as Director.
AGM
Midgard Electric Private Limited last Annual general meeting of members was held on 30 Nov 2021 as per latest MCA records.
Filing
Midgard Electric Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Bangalore.
Ceased
Priyanka Avula ceased to be Additional Director.
Appointed
Priyanka Avula was appointed as Director.
Incorporation
02 Jan 2019
Midgard Electric Private Limited was registered on 02 Jan 2019 with Roc Bangalore & aged 7 years 9 months as per MCA records.

Frequently asked questions

Midgard Electric is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical equipment, within the electronics industry. It was incorporated on 02 January 2019 (7+ years old) and is registered under CIN U31909KA2019PTC119971.

Midgard Electric has 2 current directors:

The latest financial statements of Midgard Electric on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Midgard Electric is 29AAMCM3320Q1ZW, registered in Karnataka.

The CIN (Corporate Identification Number) of Midgard Electric is U31909KA2019PTC119971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Midgard Electric was incorporated on 02 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

Midgard Electric has 2 deals on record (2 secondary share transfers); the latest was in March 2021.

Ranga Rao Avula ceased to be Additional Director on 23 Mar 2023. Abhijith Vijayan ceased to be Director on 24 Sep 2022. Sabari Viswambaran ceased to be Director on 19 May 2022. Midgard Electric has 6 board changes on record in total.

Yes, Midgard Electric is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Midgard Electric is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0167184).