About Midas Business Machines
Midas Business Machines is a Technology company based in Mumbai (India) founded in 1992. It specializes in IT product trading and repair services for HP and IBM products. It operates on a B2B model. Its Indian entity Midas Business Machines Private Limited reported revenue of ₹97.71 Cr. Its focus areas include IT Services, Product Trading and Repair and Hardware Maintenance.
Company details
Midas Business Machines, established in 1992, excels in leveraging cutting-edge technology, providing IT services, product trading and repair, and hardware maintenance. Specializes in IT product trading and repair services for HP and IBM products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
- Headquarters Mumbai, India
- SectorsTechnology
- Website midas.net.in
- Legal Name Midas Business Machines Private Limited
- Date of Incorporation 09 Oct, 1992
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹97.71 Cr
FY 2025 · -16% YoY
- Net Profit₹2.81 Cr
FY 2025 · 3% margin
- EBITDA₹4.12 Cr
FY 2025 · 4% margin
Associated legal entities of Midas Business Machines
Midas Business Machines operates through Midas Business Machines Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Midas Business Machines Private Limited CIN U30007MH1992PTC068931 | Active | 09 Oct 1992 | Mumbai, Maharashtra | ₹97.7 Cr | 2 | View details |
Board of directors of Midas Business Machines Private Limited (Midas Business Machines)
Midas Business Machines Private Limited is the primary company behind Midas Business Machines. The board of Midas Business Machines Private Limited currently have 2 directors; the longest-serving is Sunil Haresh Nangrani, appointed in 1992.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sunil Haresh Nangrani DIN 00854880 | Director | 09 Oct 1992 | 34 yrs | Midas Business Machines Private Limited |
| Shalini Sunil Nangrani DIN 00854883 | Director | 01 Oct 2000 | 26 yrs 1 mo | Midas Business Machines Private Limited |
Financials of Midas Business Machines
Figures of Midas Business Machines Private Limited, the primary company behind Midas Business Machines, for FY 2025. Revenue was ₹97.71 Cr (-16% year on year). Net profit was ₹2.81 Cr (3% margin). EBITDA was ₹4.12 Cr (4% margin). Revenue has grown at a compounded annual rate of -5% over three years and +6% over five years.
- ₹97.71 CrRevenue · FY 2025 · -16% YoY
- ₹2.81 CrNet profit · 3% margin
- ₹4.12 CrEBITDA · 4% margin
- ₹1 LakhPaid-up capital
- -5%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Midas Business Machines Private Limited are on its company page.
Detailed financial statements for Midas Business Machines
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Frequently Asked Questions about Midas Business Machines
Midas Business Machines was founded in 1992.
Midas Business Machines is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Midas Business Machines, Midas Business Machines Private Limited, reported revenue of ₹97.71 Cr for FY 2025, down 16% year on year.
Midas Business Machines, established in 1992, excels in leveraging cutting-edge technology, providing IT services, product trading and repair, and hardware maintenance. Specializes in IT product trading and repair services for HP and IBM products. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide.
Midas Business Machines operates through Midas Business Machines Private Limited.
The legal entities of Midas Business Machines currently have 2 directors, including Shalini Sunil Nangrani, Sunil Haresh Nangrani.